Private Equity - Family Office - Acquisitions
Service Highlights
- Fiduciary Monitoring System - We mitigate risk for the ownership and trustees by acting as a 3(38) ERISA fiduciary which is the highest standard of fiduciary care available to retirement plan sponsors. We provide an Investment Policy Statement which will guide our process. Our proven system has held up to DOL audits and is CEFEX certified.
- Fiduciary Vault – We store all the important documents associated with your plans in a centralized location. This is even more important to Private Equity groups as these documents are sure to be requested for the due diligence process at exit. Additionally we have historically seen high turnover at executive level positions and in the HR ranks among portfolio companies. This vault insures nothing is lost in the transition, and allows us to get the new person up to speed quickly. We also go through a checklist every year to make sure there are no operational risks which is where most portfolio companies get themselves into trouble.
- RFP Director – As an independent advisor we have access to hundreds of platforms from which to operate 401(k) recordkeeping. This tool allows us to trim that list down to a few finalists where we can then do a deeper dive to figure out which recordkeeper would best match the demographics and needs of the portfolio companies and ownership. This is also where we will leverage all of the plans together to obtain the best pricing possible. Each plan will be individually maintained however to allow for ease of exit from the PE group. In our negotiation though, we will insure that the pricing will hold at exit should the company want to maintain the current plan.
- Industry Reports - We have access to national reports surveying employers by industry group. This really comes in helpful as we look at each company and use this as a benchmarking tool for plan design. This along with some of our other resources can help us come up with a creative plan design that will make employees feel valued while also keeping an eye on employer financial outlay.