Welcome to the Advisor Services section of our site.
Our mission statement reflects our dedication to the advisors of our clients who are responsible in no small part for delivering the best possible retirement plan for our clients’ owners and employees. We seek your input and suggestions on ways to deliver exceptional our services to you and our clients better.
You can obtain the following information and services from this section:
- Request a proposal for designing or redesigning a retirement plan.
- Link directly to the websites of some of the mutual fund and insurance company 401(k) investment platforms used by our clients.
You can also send us an e-mail to request enhancements and improvements to the Advisors Section.
Requesting a Proposal
Plan design is a crucial component of setting up a new plan or taking over an existing plan. One of the services we offer to you, our advisor partner, is a no-cost review of your client’s employee information and objectives.
We will prepare a proposal generally consisting of a worksheet summarizing the available contributions and a cover memorandum that explains how we would design (or re-design) your client’s plan.
Click the link above "Requesting a Proposal" for instructions.
Evaluating and Benchmarking Investment Menu
A vitally important role a financial advisor provides to the retirement plan is assisting the trustees with evaluating and benchmarking the plan’s investment menu. Prudent fiduciary governance requires a written process and regular evaluations.
We strongly encourage all financial advisors who work with qualified plans to review this article:
Are You Just a Commodity?
"Nothing is more frustrating to the highly specialized and skilled professional of today than being viewed as simply another commodity." This quote is taken from an excellent article that every professional should read, whether you are an accountant, investment advisor or other professional.
With permission from the author, we proudly present the article below about how commodization is a scourage inflicting all professionals and what we can do about it.
We strongly recommend that every professional service provider download and study this important article.
Fiduciary Issues When Switching Vendors
The economic downturn invariably puts pressure on business owners to cut costs. We know of one mutual fund company who consistently underperformed in the market who has dramatically reduced their fees in order to attract new business.
Business owners and their financial advisors need to be very sensitive to their fiduciary duties under ERISA before they change plan vendors just to cut costs.
The following article provides an excellent discussion about the fiduciary issues which the owner and his advisors need to consider.
Fiduciary Best Practices
In 2008 the US Supreme Court handed down two important decisions affecting retirement plan fiduciary governance: the LaRue case and the Glenn case.
The following article was prepared by two attorneys that lays out strategies for plan sponsors and their advisors to be proactive for resolving plan disputes before those disputes end up in court.
Links to Fund Providers
We offer in this section direct links to some of the mutual fund and insurance companies that are selected for the investment menu of our clients’ plans.
Click the link above for more information.
Message and Suggestions
This website is intended to be a resource to our advisor partners. We invite our partners to give us suggestions on ways to improve the functionality of the website and information you need access to.
If you need immediate assistance with a retirement plan matter, please feel free to e-mail us here or call Lee T. Jennings at 312-332-7733 (office) or 630-802-7644 (cell).
If you e-mail us, please enter “To Dana Consulting Group” in the Subject line of your e-mail.
Ask how we can assist you.
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