RFP Vendor Support, Evaluation, Fee Transparency, and Benchmarking

Through our partnership with RPAG, Aegis has access to dedicated provider search and fee benchmarking resources for investment management, record keeping services and fee comparisons, which helps our plan sponsors to manage important fiduciary requirements while striving to ensure a best practices retirement plan.

The source of data utilized to benchmark plan fees, services and investments is proprietary—developed and maintained in-house by full-time provider research analysts. Ultimately, the final report output documents whether current fees, services and investments are competitive with the marketplace, which helps plan fiduciaries manage their responsibilities as set forth by ERISA.

We Are an Investment Fiduciary

An ounce of prevention is worth a pound of cure. Many fiduciary errors are unintentional or even well meaning. As a resource to your investment committee, we serve as ERISA (3)21 fiduciaries. Having your best interests at heart all the time allows us to mitigate as much of your risk as possible when it comes to the management of your retirement plan.

Some of the most common errors we help you avoid are:

• Following Plan Documents and Communicating Changes
• Participant Eligibility
• ERISA Reporting and Recordkeeping
• Investment Policy Statement
• Understanding and Discharging ERIS Fiduciary Responsibilities
• Correcting ERISA Compliance Mistakes
  

Compliance and Audit Support

Your retirement plan audit is intended to confirm your plan is operating within the guidelines of the plan documents and follows specific Department of Labor and IRS regulations. Our thoroughly documented retirement plan audit process is designed to prepare you in advance to identify auditors concerns in areas of plan management that may lead to plan fiduciary exposure and regulatory breaches.

Our professionals are dedicated to the goal to strive to help you your retirement plan is and remains in compliance with the current IRS and DOL legislation. We assist you in preparing ongoing plan amendments in a timely manner and ensure ongoing administration is accurate and timely.

Through ongoing communications we keep you informed and up to date of any changes that may impact your plan. Our focus is on the main areas auditors look for differences.

The main differences auditors find, and our areas of focus are in the areas of:

• Documentation for all fiduciary level decision-making
• Establishment of Retirement Plan Committee
• Formal Investment Policy Statement (IPS)
• Definition of compensation
• Minutes from retirement plan oversight committee meetings
• Definition of eligible employee
• Documentation of service provider selection and monitoring
• Cybersecurity controls
• Education to participants
• Delinquent remittances of EE deferrals
• Plan Forfeitures