Plan Consulting Process

An Established System

One of the four particular standards the Employee Retirement Income Security Act (ERISA) demands of plan fiduciaries is “duty of prudence.” An employer who offers a retirement plan is the plan sponsor and as such is named as fiduciary to the plan. Fiduciaries are obligated to establish prudent procedures and document the process for their investment decisions. Establishing and adhering to an appropriate process not only reduces the personal liability of the plan sponsor, but provides a framework so that decisions are made within the guidelines of the plan and in their employees' best interests

The trend in recent law and regulation is towards greater formality in policies and procedures, and the processes that ensure the policies and procedures are effective. Our process, illustrated from the initial discovery stage through to design, implementation and management, provides the organizational framework plan sponsors need to understand and control all aspects of their retirement plans.

By following and documenting this process our clients' fiduciary risk is reduced and they are better positioned to adapt to changing laws and regulations.

 
(Alignment Financial Group and Wells Fargo Financial Network are not legal or tax advisors. However, we will be glad to work with you, your accountant, tax advisors and or lawyer to help meet your financial goals,)
Alignment Financial Group and its financial advisors provide non-fiduciary services only. They do not provide investment advice [as defined under the Employee Retirement Income Security Act of 1974 as amended ("ERISA"), have any discretionary authority with respect to the plan, make any investment or other decisions on behalf of the plan, or otherwise take any action that would make them fiduciaries to the plan under ERISA.


Alignment Financial Group does not act as a fiduciary and is not engaged in rendering legal, accounting or tax advice. If legal or tax assistance is required, the services of a competent professional should be sought. A Financial Advisor at Wells Fargo Advisors Financial Network will be glad to work with you, your accountant, tax advisor, and lawyers to help you meet your financial goals.

2 HMS ESSINGTON Dr. Hingham Shipyard  |  Hingham, MA 02043  |  T: 781.741.2540  |  T: 877.741.2540  |  F: 781.741.2541

FINRA’s BrokerCheck Obtain more information about our firm and its financial professionals
FINRA’s BrokerCheck Obtain more information about our firm and its financial professionals