Fiduciary Services for Employers
Mainstreet RIA LLC provides comprehensive retirement planning services to help employers reach their retirement goals, manage their investments, and effectively monitor their retirement plans. Our team can serve individuals and employers in all 50 states, providing transparent fiduciary services.
Our Fiduciary Retirement Services
Mainstreet RIA LLC can help your company reduce fiduciary liabilities and improve retirement outcomes through fiduciary solutions and client support. Our employer services include:
Fiduciary Plan Services
Our fiduciary services are designed to provide dedicated support to your business. As a 3(38) Investment Manager, we take full discretion and responsibility for the investment decisions in your plan, ensuring that your investments are continuously scored, monitored, and aligned with your Investment Policy Statement. For those seeking more of a “co-partnership” approach, our 3(21) Co-Fiduciary service allows us to score and monitor your fund lineup to give recommendations to your retirement plan committee.
Additionally, our team will assist you in creating your Investment Policy Statement (IPS) that outlines the strategic vision of your retirement plan, the process, and the parties involved. We assist in both the benchmarking and negotiation of your provider’s fees and services. Mainstreet RIA LLC will work with your existing recordkeeper to help implement a targeted educational program for your participants, and with your TPA to explore the latest law changes and opportunities.
Fund Lineup Services
At Mainstreet RIA LLC, we differ from the competition in a few ways:
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While most of our competition charges fees based on a percentage of plan assets, we charge our fees on a flat annual basis.
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We also use different fund scoring criteria that depend on the type of fund, where many in our industry apply the same set of scoring criteria no matter the type of fund, whether Equity, Fixed Income, Allocation, or Index.
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Finally, we do not use 10-Year Performance and Risk criteria because we feel that it can keep a fund as passing, even if that fund has been consistently scoring low in its respective peer group over the past few years.
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These factors allow Mainstreet RIA LLC to accurately and effectively monitor your investments, ensuring you receive the most precise data and recommendations.
Our Investment Monitoring Process
Mainstreet RIA LLC is your partner in investment management, and our experts can help you build an investment strategy that fits the unique objectives of your company and employees.
1. Gathering Data
We first gather the list of available investments from your recordkeeper, applying our criteria to the funds to determine which are passing with a score of 70 or higher.
2. Reporting
Our Quarterly Monitoring Report (QMR) shows the quarterly score for each fund for the past 12 quarters, providing a historical view that helps to show the fund’s consistency. Our report also shows where a fund is specifically outperforming or underperforming its peer group, helping us understand fund divergences and allowing for meaningful discussions between our team and the fund manager.
3. Monitoring
Each quarter, we send you an updated QMR report, whether you select ERISA 3(21) or 3(38) services. As we periodically review your fund offerings, we will benchmark investment performance and expenses to help you gain a clear picture of your investments.
Contact Us
We're here to help you with four specific things:
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1. Put your participants' needs first to improve their retirement outcomes.
2. Reduce plan liabilities.
3. Improve transparency.
4. Reduce overall fees.
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We encourage you to complete the form or contact our office to discuss your options and learn more about how Mainstreet RIA LLC can help you meet your company goals.