Qualified Plans
Lockton Retirement Services offers high-level service, expertise and experience to provide comprehensive strategies including plan governance/ERISA compliance, investment management consulting, pension risk consulting and vendor management services for a variety of defined benefit and defined contribution plans.
Plan Design Optimization: Lockton offers customized services evaluating factors such as, plan positioning within the competitive landscape, incentive offerings for long service, priority targeting of benefit dollars to employee groups, comfort level with current costs and the volatility of cost, and assessment of alternatives that could deliver desired benefits.
Plan Governance/ERISA Compliance: Our associates maximize protection through fiduciary risk management. With the support of our national ERISA and securities attorneys, Lockton’s service team professionals specialize in plan compliance oversight, risk profiling and legislative and regulatory affairs.
Investment Management Consulting: Lockton’s investment management consulting services offer prudent, diligent processes to managing your investment needs. Built around a customized investment analysis, we use our proprietary designed technology to act as a proactive partner in managing your investments. Our capabilities include asset allocation, manager selection, investment monitoring, market and economic analysis and target date solutions.
Pension Risk Consulting: Lockton independently reviews your plan while working together with your existing actuaries. We review recent valuation reports, examine assumptions, consider employee population shifts and strategically analyze liability-driven investment solutions to ensure you receive advice tailored to your needs. Our associates can deliver a thorough analysis of your plan, exiting and termination options, optimal de-risking strategies and risk transfer solutions.
Vendor Management: Lockton Retirement Services takes an objective approach when selecting an appropriate record-keeping vendor or carrier for each unique plan design. We will benchmark each provider’s service package comparatively within the industry. We coordinate and lead an annual review with each plan provider to assess their services and design and ensure its effectiveness. We assist in negotiating fees and services, as well as the terms of the vendor contract.
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