Plan Sponsor and Plan Participant Services
Make 401(k) decisions with experienced & objective advice
With the rapidly changing landscape in the retirement plan industry, it’s becoming challenging for companies to manage the complexities of the retirement plans they sponsor.
BerryDunn Wealth Management provides clarity and helps you gain control of your retirement plan so that you can feel confident you are satisfying your fiduciary and regulatory requirements while ensuring that your plan is effective in helping employees prepare for a successful retirement.
We can be your retirement plan partner
With our affiliate, BerryDunn, we have the expertise to help you evaluate all aspects of your retirement plan including:
- Optimizing plan design
- Plan Benchmarking
- Selecting and monitoring investments
- Evaluating the Plan’s Qualified Default Investment (QDIA) arrangement
- Managing Recordkeeper services and fees
- Providing customized employee education
- Contractual sharing of your fiduciary obligations
- Helping you to stay current on regulatory developments
- Preparing signature-ready Form 5500s
- Assisting with DOL and IRS audits
Why our retirement plan management is different:
A Standard of Service Grounded in Relationships
When you partner with BerryDunn Wealth Management, we collaborate with you to create an action plan that encompasses everything from investment options, advice, and educational resources to cost management and sharing of fiduciary responsibilities.
An Independent Perspective from a Trusted Guide
We offer an independent perspective. We have no proprietary financial products nor house brands. Our independence means that our interests are aligned with yours. We provide guidance to help you make the best choices that meet the objectives of both your firm and your employees, and fulfill your fiduciary obligations.
Investment Expertise to Bolster Financial Confidence
Our investment expertise promotes a culture of financial well-being in your workplace. We take the time to get to know your firm, so we can provide investment recommendations that match your overall objectives and help your employees gain confidence about their financial future.
Our team will:
- Provide ongoing monitoring and review of investments and service providers
- Focus on managing risk and volatility to minimize your exposure to fiduciary liability
- Create and maintain your plan’s investment policy statement
Fiduciary Know-How to Safeguard Your Best Interests
Sponsoring a retirement plan comes with significant fiduciary responsibilities. As your co-fiduciary we share your fiduciary responsibilities. We navigate changes in the industry to ensure you are up to date on the latest requirements. You can also rely on us to help you keep your plan well managed and well documented.
Advice Tailored to Engage Employees
We can create a customized employee education program to help your employees prepare, plan and save. Whether in a group setting or one-on-one, your employees receive the advice they need, and you demonstrate prudence and accountability by providing them with resources to help them pursue their retirement goals.
BerryDunn Wealth Management would value the opportunity to be your retirement plan partner.
100 Middle Street • PO Box 1100 • Portland, ME 04101-1100 • t: 207.541.2200 1.800.565.6565
“Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.” Accounting and business consulting services offered through BerryDunn are separate and unrelated to Commonwealth.