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View More Press Releases by DiMeo Schneider

Press release:

DiMeo Schneider & Associates, L.L.C. Introduces SMART PLAN 401(k) Services

Issued by: DiMeo Schneider

Date: Aug. 3, 2017

CHICAGO--(BUSINESS WIRE)--DiMeo Schneider & Associates, L.L.C. (DiMeo Schneider), a nationwide investment consulting firm, announced today a retirement plan solution exclusive for small 401(k) Plans called SMART PLAN. Under SMART PLAN, DiMeo Schneider will accept fiduciary responsibility as a 3(38) discretionary manager for Plans with assets between $10 million and $30 million.

SMART PLAN offers DiMeo Schneider’s fiduciary services which includes responsibility for selecting the plan’s investments, oversight and monitoring of the plan lineup. SMART PLAN also includes three experienced recordkeepers and industry leaders in plan administration and recordkeeping services - J.P. Morgan Asset Management, T. Rowe Price and Vanguard.

“Business owners and staffs are extremely busy managing the day-to-day. SMART PLAN offers a simple one-stop solution to save time and resources while providing enhanced fiduciary protection,” said Doug Balsam, Principal and Director of DiMeo Schneider’s Institutional Consulting practice. “There’s only three steps to SMART PLAN. A recordkeeper review, investment lineup design and ongoing fiduciary and administrative oversight. As a result, owners and staffs can focus on their business knowing they have a Plan in place structured to help attract and retain top talent while giving participants a path to save for retirement.”

Each recordkeeper provides its high level of expertise in making plan administration a high-touch experience. Services include integrated payrolls, participant notices, digital and mobile solutions, participant education meetings and ensuring plans are compliant on an on-going basis.

“We’ve worked with DiMeo Schneider for several years serving the investment management needs of their Institutional consulting practice clients,” said Mike Miller, Head of Retirement Distribution, U.S. Funds, J.P. Morgan Asset Management. “We are excited to expand our relationship with them into the small-market Defined Contribution recordkeeping business with our full service Retirement Link solution.”

"We see this as a viable opportunity among smaller plan sponsors that are interested in fiduciary support,” said Lee Stevens from T. Rowe Price.

DiMeo Schneider advises hundreds of retirement plans, nonprofits, private clients and financial institutions in 40 states. It has over $67 billion in assets under advisement and over $45 billion in defined contribution assets under advisement as of March 31, 2017. DiMeo Schneider is headquartered in Chicago with additional offices in Austin and Washington, DC.

DiMeo Schneider is recognized as a top 40 worldwide investment consulting firm by assets under advisement by Pensions & Investments for the past seven years. The firm ranks as a “Top 20 RIA Financial Advisor” by Financial Advisor based on 2016 year-end assets

About DiMeo Schneider & Associates, L.L.C.

Founded in 1995, DiMeo Schneider & Associates, L.L.C. is dedicated to investment consulting. The firm’s core mission is to provide strategic, client-centric investment consulting services to retirement plans, nonprofit organizations and private clients. Investment consulting is our business. We offer no proprietary investment products, nor do we accept commissions or compensation from any third parties. As a nationwide firm, our main goal is to provide unbiased advice that addresses clients’ unique concerns, obligations and goals.

Learn more by clicking here:


DiMeo Schneider & Associates, L.L.C.
Jenna Friedman, Marketing Manager
312-853-1000 x 4149

View More Press Releases by DiMeo Schneider

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