RETIREMENT PLAN FIDUCIARY SOLUTIONS

Fiduciary Governance & Oversight

Hall Financial Wellness is a retirement plan fiduciary advisor providing ERISA 3(21) and 3(38) fiduciary solutions designed for small and mid-market retirement plans that demand senior-level accountability and specialized expertise. As independent specialists rather than generalists, we are proud to offer expert advice and consulting services to businesses seeking tailored fiduciary guidance and continuous oversight of their employer-sponsored retirement plan for 401(k) and ERISA 403(b) Plans.

Protecting Your Retirement Plan Committee

FIDUCIARY OVERSIGHT & PLAN GOVERNANCE

Plan governance isn't just a checklist, it's a prudent process. We help establish and maintain a rigorous governance framework that ensures your committee meets its ERISA obligations with confidence. We provide a committee charter, IPS, fiduciary file organization, fee benchmarking to validate that every dollar spent is reasonable for the value received, and compliance tracking for deadlines and filings.

INVESTMENT MANAGEMENT & ADVICE

Institutional-Grade Portfolio Discipline. We provide sophisticated investment oversight that removes the guesswork from fund selection. Whether serving as a 3(21) advisory partner or a 3(38) investment manager, we ensure your fund lineup is diversified, cost-effective, and monitored against a spectrum of quantitative benchmarks. We provide an Investment Policy Statement (IPS), quarterly reporting, fund search, selection, ongoing monitoring, and replacement following set criteria established in the IPS.

PLAN DESIGN CONSULTING & EMPLOYEE STRATEGIES

A retirement plan is one of the most powerful recruitment and retention tools an employer can offer. We consult on innovative plan designs, from Auto-Enroll features to Profit Sharing, to maximize tax efficiencies, compliance and retirement readiness for employees.

FLEXIBLE ENGAGEMENT MODELS

COMPREHENSIVE PARTNERSHIP OR SPECIALIZED PROJECTS While most of our clients value an ongoing fiduciary partnership, we offer our expertise on a project basis for committees seeking a second opinion or targeted solutions, such as fiduciary health checks, vendor searches and RFPs, plan design restructure, and employee wellness education.

Hall Financial Wellness is committed to executing real fiduciary outcomes that mitigate legal risk to the company while optimizing all aspects of the plan to benefit plan participants and protect retirement plan committees.

Real Fiduciary Outcomes

Our work shows real fiduciary outcomes. Lower costs, stronger oversight, and meaningful participant education.

LOCAL INSURANCE AGENCY

Situation: The plan sponsor worked with an institutional advisor but received minimal fiduciary oversight and no participant education despite higher fees.

Solution: HFW completed a fee benchmark and negotiated directly with the recordkeeper.

Outcome:

25% reduction in fees
Added quarterly group education (on-site & virtual)
Introduced individual participant consultations
More services delivered at a lower total cost

CONSTRUCTION COMPANY

Situation: The plan sponsor had relied on recordkeeper-provided support, with no independent fiduciary oversight of the investment lineup and no ongoing employee education. As the plan grew into a new tier of scrutiny, they engaged with us for support.

Solution: HFW completed an investment and plan design review

Outcome:

Revamped the investment lineup to lower-cost, higher-quality options
Eliminated revenue-sharing funds
Created Fee Transparency
Customized their Investment Policy Statement
Implemented local employee education specific to their workforce

Optimizing Participant Engagement

A retirement plan is only as successful as its participants. We move beyond basic enrollment meetings to provide a comprehensive education strategy that drives meaningful results. By focusing on holistic financial wellness, we help your employees transition from "savers" to "investors," improving plan metrics and helping your workforce reach retirement on their own terms with the support they need.

Our Capabilities Include:

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On-Site Enrollment Meetings

On-site group enrollment and re-enrollment meetings are interactive live presentations that ensure employees are well-informed about their employer-sponsored retirement plan.

Webinars

Give employees the convenience to engage in live virtual webinars using Zoom or Microsoft Teams from "virtually" anywhere. Live webinars are available for enrollment meetings and financial wellness workshops. These sessions can be recorded to share with employees to watch at their convenience.

Benefits Fairs

Having a Retirement Education Consultant at your company's next benefits fair offers numerous advantages. Help employees understand their retirement options and make informed decisions while fostering a culture of financial wellness within the organization.

Individual Employee Consultations

Employees often have personal questions they would rather ask during a one-on-one session instead of in a group setting. Individual sessions allow employees to get quick answers from a retirement plan expert. Consultations can be held on-site after a group meeting or virtually via telephone or video conferencing.

Financial Wellness Workshops

Enhance your employees' financial literacy with Financial Wellness Workshops. Topics such as investment basics, debt management, retirement readiness, budgeting, and more. These interactive sessions provide actionable strategies to help employees achieve their financial goals. Whether in person or virtually, these workshops are designed to fit your team's needs.

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