Our Plan Management Process:

At MFPRetirement (MFPR), we meet with our clients to identify their goals and objectives to determine the plan’s success. We assist clients in plan design that is customized to their goals with a focus on employer contribution strategies, evaluation of qualifications and eligibility, compliance with legislative changes, and simplifying plan administration.

• We provide an in-depth analysis of plan design including our recommendations and a roadmap on how to implement them.
  
• We ensure critical components such as eligibility, employer contribution formulas, distribution rules, automatic enrollment, and others are tailored to the plan’s objectives and employee demographics.
  
• We proactively review plan design and its effectiveness.

Our Fiduciary Support Process:

At MFPRetirement (MFPR), we provide fiduciary services to navigate the ever-changing regulatory landscape, manage associated risks, and ensure that the latest requirements are up to date. Our team reviews the plan’s compliance with the client and helps educate them on their fiduciary requirements.

• We educates fiduciaries regarding their responsibilities and prudent processes, and evaluate plan design.
  
• We provide guidance to plan fiduciaries on plan objectives and plan committee(s), if necessary.
  
• We facilitate retirement plan meetings and meeting minutes.
  
• We document any deficiencies plan sponsors and fiduciaries need to address.

Our Participant Support Process:

At MFPRetirement (MFPR), we deliver proactive education solutions that are comprehensive, compelling, and technically proficient.

• We develop a goal-oriented communication and education program focused on support and improving retirement outcomes.
  
• We deliver education and advice opportunities via group education, one-on-one consultations (live and virtual), sending participant newsletters, and our financial wellness program. All tailored to your organization's objectives and employee demographics.
  
• We analyze various employee metrics on an annual basis to monitor our collective impact and identify potential education opportunities or plan improvements.

Our Investment Analysis Process:

At MFPRetirement (MFPR), we utilize proprietary software to monitor and evaluate fund managers and investment strategies based on a ranking of qualitative and quantitative factors. We help to control risk and reduce exposure to fiduciary liability.

• We designs an Investment Policy Statement (IPS).
  
• We evaluate target date funds and Qualified Default Investment Alternatives (QDIAs)
  
• We prepare quarterly Investment Scorecards to ensure investments remain consistent with the IPS and the plan’s overall objectives

Our Benchmarking Process:

At MFPRetirement (MFPR), we benchmark plan provider services and comprehensive plan fees. Our team conducts a thorough market analysis, offering guidance and support throughout the process. We help you fulfill your fiduciary obligation to ensure competitiveness within the marketplace while also improving decision-making for choosing a new plan provider.

• We coordinates with providers to maximize their service offerings, such as technology integration, meetings, and education.
  
• We provide a clear and concise breakdown of your total plan fees each year.
  
• We identify and implements methods that may reduce plan costs without sacrificing the quality of products and services.
  
• We benchmark Fees and Services against industry averages and metrics every two years.
  
• We renegotiate with service providers to help ensure economies-of-scale are realized for a growing retirement plan, every two years.