Subscribe Now!
Free Daily News, Jobs, Webcasts, Discussions
Display and Distribute
Your Job Openings
COVID-19 News
COVID-19 Webcasts

Featured Jobs

401(k) Plan Administrator -- Sign-on bonus!

Blue Ridge ESOP Associates
(Telecommute)

Blue Ridge ESOP Associates logo

Document Specialist

Definiti
(Telecommute / University Place WA / The Woodlands TX / Erie PA / Dallas TX / FL)

Definiti logo

Retirement Plan Distribution Specialist

Karel-Gordon & Associates
(Northbrook IL)

Karel-Gordon & Associates logo

Manager, Defined Contribution Administration

Definiti
(Telecommute / The Woodlands TX / University Place WA / Dallas TX / Erie PA / Canonsburg PA / West Palm Beach FL)

Definiti logo

ESOP Administrator -- Sign-on bonus!

Blue Ridge ESOP Associates
(Telecommute)

Blue Ridge ESOP Associates logo

Retirement Plan Administrator

Carpenter Morse Group
(Telecommute / Longwood FL)

Carpenter Morse Group logo

Retirement Plan Administrator

Atlantic Pension Services Inc
(Telecommute / Kennett Square PA)

Atlantic Pension Services Inc logo

Client Manager

CMC Pension Professionals
(Telecommute / CA)

CMC Pension Professionals logo

Associate

Actuarial Benefits & Design Company
(Telecommute / VA)

Retirement Plan Consultant

Definiti
(Telecommute / Dallas TX / University Place WA / The Woodlands TX)

Definiti logo

Pensions Plan Administrator

Quantech Pensions LLC
(Anaheim CA)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

By Date   |   By Company Name


View More Press Releases by Retirement Advisor Council

Press release:

Advisor Helps Dental College Improve Retirement Plan for Employees

Issued by: Retirement Advisor Council

Date: Sept. 12, 2016

East Granby, CT, September 12, 2016 – Today, the Retirement Advisor Council offered a case study illustrating the value a new advisor can bring to an employer seeking to improve their retirement plan.

Today, the Retirement Advisor Council offered a case study illustrating the value a new advisor can bring to an employer seeking to improve their retirement plan. Baystate Fiduciary Advisors, Inc. of Boston, Massachusetts partnered with a regional dental college to improve plan design, boost employee participation, and establish quarterly plan performance monitoring.

The dental college selected Gregg Andonian and his team at Baystate to assess their retirement plan and recommend an improved solution. By first analyzing the plan’s design, Baystate was able to identify the lack of employee participation was primarily due to the generous non-matching employer contribution. Rather than require higher participant contributions — something the client wanted to avoid — the solution included a comprehensive new employee communication campaign and on-site education program that promotes the benefits of higher participant contribution rates.

Case study posted HERE

“We listen to our clients and look forward to customizing a plan design and working approach that benefits everyone, especially their plan participants,” Andonian said. “Low participation due to a generous non-matching contribution is typically solved with an adjustment to the match formula—but the client was adamant about keeping its commitment to employees. We heard that and implemented new education that successfully increased employee contribution rates.”

Since bringing Baystate Fiduciary Advisors on board, the college has seen significant improvements in employee contribution rates and revived interest in their retirement plan.

The Retirement Advisor Council is a national organization that advocates for successful qualified plan and participant retirement outcomes through the collaborative efforts of experienced, qualified retirement plan advisors, investment managers and defined contribution plan service providers.  To advance its mission, the Council undertakes initiatives in the areas of research, public relations and promotion, general public education, regulatory positions and practice management.  

The Council accomplishes this mission by:

  • Identifying duties, responsibilities, and attributes of the Professional Retirement Plan Advisor.
  • Sharing professional standards with plan sponsors who are responsible for the success of their plans.
  • Providing collective thought capital to decision makers, product providers, legislators and the public.
  • Giving voice to the retirement plan advisor community.
  • Offering tools to evaluate advisors to ensure the quality of services provided.
BL:hh

View More Press Releases by Retirement Advisor Council


This is a press release issued by the company named above. BenefitsLink is not the author. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2021 BenefitsLink.com, Inc.