Plan Fiduciary Services

Milestone provides ongoing plan advisory services that are specialized to assist organizations who wish to have an independent advisor act as a fiduciary to their plan and to their employees. As an independent entity, Milestone avoids conflicts of interest and formally accepts fiduciary status to the plan and the participants. Client service agreements may include any of the following services depending on their specific needs.

Participant Services

Participant Phone/Email support

Employee Group meetings

Employee one-on-one meetings

Support the participant education program

Provide participant advice specific to their circumstances

Plan Management

Review and monitor plan governance

Review 404(c) Protection

Review E&O, D&O and Bonding insurance

Assist with creation and regular review of fiduciary file

Monitor plan design for necessary changes

Review participant educational tools

Provide support and education for plan committee

Meet regularly with Plan Committee

Daily Plan management support via phone & email

Vendor Management

Monitor Service providers

Ensure all fees are disclosed

Generate & evaluate Requests for Information

Benchmark fees for value of services

Generate and evaluate Requests for Proposals

Support contract negotiations with vendors

Support service provider transitions

Investment Services

Design the plan investment menu

Review QDIA options

Develop, Maintain & Monitor Investment Policy Statement

Implement and maintain overall investment structure

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3(21) Fiduciary Role, or

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3(38) Fiduciary Role for core fund lineup selection and management

Generate, distribute and review performance reports

Monitor and research investment managers; replace funds as needed