Institutional Consulting

Institutional Consulting

Through our affiliate, MFA Asset Management, we offer a unique set of advisory services that help plan sponsors understand and effectively manage their complex retirement plan, including issues concerning plan investments, operational compliance and fiduciary liability. We assist plan sponsors and other fiduciaries with the definition, implementation and ongoing monitoring of a clear and prudent process that maximizes plan efficiency, ensures compliance with ERISA’s rigorous standards and allows for the delivery of a best-in-class retirement plan for their employees.

Fiduciary Process Management, Guidance and Compliance

As a plan sponsor, our clients have significant personal fiduciary responsibility under the Employee Retirement Income Security Act of 1974 (ERISA). ERISA requires that they act with the skill, knowledge and expertise of a prudent expert and ensure that every decision they make as a plan fiduciary is in the best interests of plan participants and their beneficiaries. Whether it be managing plan fees and expenses, choosing and monitoring the appropriate investments, complying with reporting and disclosure requirements or conducting employee educational meetings, the ERISA rules clearly state that all plan fiduciaries are personally liable for their plan’s management and any wrongdoings that may occur.

Guidance from our team of retirement plan advisors takes an all-encompassing approach to ensure that our clients understand the full scope of their fiduciary responsibilities. We examine the health of their plan, identify potential weaknesses through operational compliance audits, determine necessary corrective action steps and work directly with them through the implementation of prudent processes. Areas evaluated include the investment monitoring process and documentation, adherence to the plan document, the plan's operational processes, its fee structure, and participant deliverables.

  • Fiduciary Education and Reporting
  • Committee Formation or Process Review
  • Plan Document Design Consulting
  • Measurement of Plan Health
  • Compliance Audit Checklist
  • Investment Policy and Committee Governance

Institutional Investment Consulting

Businesses face a distinct challenge in choosing and monitoring the appropriate investments offered within their retirement plan. It’s a serious fiduciary obligation as it can impact a participant’s retirement readiness. To assist in this effort, MFA Asset Management provides an independent, conflict-free investment analysis to help our clients enhance their investment opportunities, manage risk and reduce exposure to fiduciary liability. Whether our clients are looking for advice overseeing their plan investment menu or seeking a consultant to help run their committee directed pool of investments, our team of professionals is available to assist.

  • Institutional Investment Review and Recommendations
  • Comprehensive Plan Cost Analysis
  • Direct Interviews with Portfolio Management Teams
  • Investment Committee Charter
  • Benchmarking of Investments within Peer Group/Industry
  • Investment Policy Statement — Review, Update or Create

Retirement Plan Provider Search, Benchmarking and Implementation

Selecting and monitoring the service providers to an institution’s retirement plan is an essential fiduciary function and involves regularly assessing the reasonableness of fees and expenses for the retirement plan as well as identifying potential conflicts of interest.

Benchmarking plan provider services, investment opportunities and total plan fees can overwhelm even the most diligent plan sponsor. At MFA Asset Management, we shoulder the responsibility of a thorough market analysis, offering guidance and support throughout the process. Not only do our benchmarking and full vendor search solutions help our clients meet their fiduciary obligations but they are also designed to minimize total plan costs and maximize the scope and quality of plan provider services for the institution.

  • Conversion Oversight
  • Plan Cost/Revenue Analysis
  • Plan Merger Support
  • Renegotiating of Record Keeper Fees
  • Record Keeper Search and Selection (RFP)

Retirement Plan Participant Education

We offer a rich mix of plan support services to help plan sponsors effectively manage the ever-changing landscape of retirement plans and the associated regulatory environment surrounding them. Through a robust communications program and educational curriculum, we also guide corporate executives and plan participants to reach retirement goals by ensuring they are better informed about their investments, asset allocation and risk tolerance.

  • Committee-level Education and Consulting
  • Employee Newsletters and Memos
  • Employee Investment Education Meetings
  • Retirement Readiness Program
  • Employee Communication Campaigns

RELATED TEAM MEMBERS

Tanya Loranger-Egan Partner – MFA Asset Management (978) 569-2933
Matthew Cahill Director – MFA Asset Management (978) 569-2922

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Institutional Consulting

To learn more, download our Institutional Consulting brochure.

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