Why We’re Different
How Safe Harbor Partners Helps You Meet Your Fiduciary Responsibilities
- Conducting a thorough review of your current process with the partners (custodian, record keeper, third party administrator) you’ve already chosen to determine if it falls short in any way
- Conducting due diligence of funds to ensure they meet plan goals
- Monitoring funds on an ongoing basis to determine if they continue to meet initial selection criteria
- Reviewing all plan and fund fees to determine if they’re reasonable
- Helping you plan a fully-compliant employee communications plan
Safe Harbor Partners’ Commitment to You:
1.
Enhanced due diligence of funds
We go beyond basic expense ratios, return on ratios, and examining Web-based data. We interview fund managers and their companies to ask critical questions regarding their internal compensation structure, informational advantages they may have, how they distribute funds over multiple share classes and so on. Our questions separate luck from skill.
2.
Portfolio creation and active management
We can create and actively manage a range of risk profiles for employees who feel unable to manage their accounts themselves.
3.
Annual review and checklist
Each year we will meet with the Plan Sponsor to ensure you are meeting your fiduciary responsibility and to inform you of new regulatory requirements.
4.
Custom software solutions
We create custom solutions that address critical voids in the marketplace. For instance, our systems can quickly and accurately assesses your plan, benchmarks it to your peers, and flags potential issues to look at and resolve. They also help identify the best funds for your plan criteria across the entire market.
5.
Best practices
We help you look ‘under the hood’ of your retirement plan by examining all of your arrangements with third-party providers to identify conflicts of interest and areas where you may be paying too much for a service. You reduce your risks by adhering to best practices for fiduciary responsibility.