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

Featured Jobs

Retirement Plan Administration Consultant

(Telecommute / Edina MN)

TSC logo

Plan Administrator

Forrestall CPAs, LLC
(Buford GA)

Forrestall CPAs, LLC logo

Retirement Plan Consultant

DWC - The 401(k) Experts

DWC - The 401(k) Experts logo

Free Daily News and Jobs

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

-- An attorney subscriber

Get the BenefitsLink app LinkedIn

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.

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.

© 2020, Inc.