Broker Check

Retirement Plan progress Report

Prepared for John Doe

Working together, we’ve made tangible progress in helping you manage your plan effectively and prepare participants for retirement. This report outlines what we’ve discussed and accomplished as part of the Plan Management Roadmap. We look forward to continuing our relationship with you.

Fiduciary governance

  • Reviewed fiduciary governance processes
  • Conducted fiduciary training
  • Educated plan fiduciaries and organized key plan documents with Fiduciary kit
  • Reviewed and updated IPS
  • Benchmarked fees
  • Conducted quarterly investment reviews
  • Negotiated fees with plan provider

Plan Health

  • Assessed improvement in key indicators of plan health, including participation rates, deferral rates and diversification
  • Identified additional plan feature enhancements
  • Introduced automatic enrollment
  • Introduced automatic escalation
  • Increased plan participation
  • Decreased loan activity

Participant retirement readiness

  • Analyzed plan demographics and participant educational needs
  • Developed customized participant education strategy
  • Delivered in-person education through periodic meetings and seminars
  • Provided participant educational materials
  • Added nonqualified deferred compensation plan

LPL Financial is not affiliated with UBS.