When it comes to business retirement plans, documentation is critical. Having efficient and effective documentation is key to reducing fiduciary liability and can be particularly useful in handling disgruntled employee accusations and Department of Labor investigations. That is why Premier puts so much emphasis into the area of documentation. This is most important in documenting the decision to convert to a new advisor.
The plan conversion documentation process should start the moment that plan decision makers begin to consider changing professional advisors and plan providers. It should include everything that went into the decision making process, including a copy of the formal Request for Proposal, if one was used. Premier Financial Group is instrumental in not only documenting how the decision to change was made, but also assists the plan decision makers in documenting the plan design, investment policy statement, model portfolios, investment costs, and all other aspects related to the plan.
The documentation is also particularly useful in helping future plan decision makers to understand how and why you chose to hire us as your investment professionals and why you chose the investment platform that you did. Our documentation process is highly developed, thorough, and well beyond what most retirement plans create and monitor.
