Fiduciary Responsibility

The Employee Retirement Income and Security Act imposes high standards upon fiduciaries responsible for managing retirement plans. As an ERISA 3(21) plan advisor, Acumen Wealth Advisors shares investment-related responsibilities as a co-fiduciary for plan investment decisions with the plan sponsor.

Plan Design and Compliance

Acumen Wealth Advisors helps develop a strategy responsive to the needs of our clients and their employees. By listening and asking the right questions, we understand what is most important to the plan sponsor in areas such as: Employer Matching, Vesting, Qualified Default Investment Alternative (QDIA), Pre-tax Contributions, and Roth Contributions.

Employee Education

Education is central to our approach to how we serve our client families. In retirement planning, we take the time to work with participants to educate and guide them in making informed decisions to manage this tax-efficient pool of savings accumulated through their employer-sponsored benefit plan. Our commitment to participant education is essential in providing an effective method to achieve financial goals for retirement.

Service

As a fiduciary, our team of retirement plan advisors are committed to serving the best interests of our clients and their employees. Our services also include access to a Certified Financial Education Instructor who is skilled in conducting regular meetings and workshops addressing participants’ interests.

Selection and Monitoring of Plan Investments

Our team of retirement plan advisors serve the businesses and employees of our client families by helping them design, conduct, and review investments in their plan. We also assist in the development of an Investment Policy Statement to provide guidelines governing the selection and monitoring of investment options in the plan.