Wellspring Financial Partners provides a rich suite of services for the employer and employee designed to make the ERISA retirement plan truly work for both.
For the Employer
- Investment Policy Statement Development
- Investment Policy Statement Review
- Periodic Investment Scorecard Reporting – Investment Review
- Facilitate Plan Committee Meetings
- Record Keeper Vendor Management
- Vendor Fee Benchmarking
- Availability to HR Staff for Emerging Issues
- Serve as an ERISA 3(38) Fiduciary
- Service calendar and stewardship report
- Provide Committee Meeting Minutes to Executive Committee
- Service and Fee Benchmark to Verify and Document that all service provider costs are a good value in light of the services provided
- Unique and proprietary plan level reporting the tracks employee retirement readiness, employee engagement and plan health over time
For the Employee
- Employee financial engagement meetings
- One on one meetings with employees
- Employee advice on any financial topic at no additional cost
- Provide employee advice on 401(k)/403(b)/457b plan investment selection at no additional cost
- Individual customized Retirement Spending Reports for all eligible plan employees
- Availability of individual tailored comprehensive financial plan
- Employee Financial Wellness Education, Training and One on One Consultation
- Planned, understandable, actionable, multi topic curriculum
- Tailored education for online wellness tools
- One on one Q&A on any financial topic at any time
