Corporate Clients

Navigate Plan Management with an Expert at Your Side

Your company’s 401(k) plan can play a key role in attracting top-notch talent and makes a strong statement about your commitment to the financial wellness of your employees. But managing a retirement plan comes with its share of fiduciary risks and baffling jargon. We understand that overseeing the retirement plan is only part of your job. We help you navigate the maze of regulations and implement fiduciary best practices that keep your plan focused on building better futures for your employees. MRPA can help you have confidence that your 401(k) plan is on the right track.

Questions our Clients Ask:

  • Can you itemize all our plan fees in a clear one-page summary?
  • How does our 401(k) plan compare to others?
  • Am I a fiduciary?
  • Will you help us organize and run the retirement plan committee?
  • How do we mitigate the risks of compliance and litigation?
  • Will you help our employees understand the plan and make good decisions?

Case Study

Results

  • Participation increased from 61.9% to 94.5%
  • Salary deferrals began to increase automatically year-by-year
  • Recordkeeping costs dropped by 63% and investment fees by 51%
  • Fees are now clearly defined, understood, and controlled through a fixed revenue requirement
  • The Board of Directors can have confidence that their plan’s fiduciary oversight follows a sound, well-documented process that mitigates financial liabilities

Challenges

A health provider had about 500 plan participants spread among multiple locations and worked directly with their plan recordkeeper. Plan participation was low and fees were high. When a local broker suggested a competing product as the solution, the Board of Directors instead decided it was time to hire a truly independent retirement plan consultant. MRPA was hired and immediately went to work. We conducted an in-depth RFP, set new standards for plan fees and investment selection, and recommended plan design changes to drive positive retirement outcomes.

Our Awards and Recognitions

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CEFEX-certified as an Advisor 9/23/2009
"Through CEFEX’s independent assessment, the certification provides assurance to investors… that Montgomery Retirement Plan Advisors has demonstrated adherence to the industry’s best fiduciary practices."
Read Press Release | View Certificate

Investment advice offered through IFP Advisors, LLC dba Independent Financial Partners (IFP), a Registered Investment Advisor. IFP and Montgomery Retirement Plan Advisors are not affiliated.

The information given herein is taken from sources that IFP Advisors, LLC, dba Independent Financial Partners (IFP), and its advisors believe to be reliable, but it is not guaranteed by us as to accuracy or completeness. This is for informational purposes only and in no event should be construed as an offer to sell or solicitation of an offer to buy any securities or products. Please consult your tax and/or legal advisor before implementing any tax and/or legal related strategies.