Maximize Plan Efficiency
Every plan sponsor has unique goals and objectives. As your dedicated consultant, FirstWest will create an ongoing service plan specific to your needs.
The service cycle begins with a thorough review of your plan to ensure total plan costs are relevant to the services being received. On an ongoing basis, your relationship manager will examine your plan design with ideas to improve participation and operational efficiency.
- Vendor Benchmarking and Analysis
- Provider contract review
- Provider pricing re-negotiation
- Plan conversion guidance
- Plan design analysis and Plan Review
- Compliance checklist
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Protect Against Loss
FirstWest helps navigate fiduciary responsibility through robust, systematic, quantitative and qualitative investment analysis involving over 150 pages of detailed reports utilizing 15+ industry standard analytical measurements.
Our due diligence process goes far beyond the Morningstar 5-star ratings and instead focuses on a cyclical approach of fund selection, monitoring, and ongoing documentation and review.
- Investment Policy Statement
- Fiduciary Investment Review
- Scorecard fund ranking
- Quarterly Market Summary
- 404(a) / 404(c) guidance
- Total Cost Analysis
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Increase Participation and Diversification
Through FirstWest Benefit Solution’s comprehensive communication services, you can increase participation, satisfaction, and understanding of asset allocation and risk tolerance. This also helps plan sponsors to meet 404(c) requirements to provide adequate education about investing in the company’s 401(k) plan.
- Custom investment advice
- On-site enrollment meetings
- Investment education meetings
- Monthly client newsletters
- Sample employee memos
- Bi-lingual representatives on staff
| "Under Promise, Over Deliver"
Upon being hired, FirstWest will provide a written promise detailing the specific services provided, and the corresponding frequency. This way clients can periodically compare the written “promise” with the actual “delivery” of those services.
We have development meaningful relationships with a wide variety of clientele over the years and provide dedicated services to many retirement plan sponsors in both the private and public sector. We are proud of our commitment to excellence and will work hard to develop a strong and lasting partnership.
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How To Engage Our Services
FirstWest may be hired on a consulting basis either for a specific project or for ongoing service. All of our fees are fully disclosed. To learn more how FirstWest Benefit Solutions creates successful retirement plan experiences for employers and employees, please call us today!
Securities and Investment Advisory Services offered through Financial Telesis Inc., Member FINRA/SIPC. Financial Telesis Inc. and First West Benefit Solutions are not affiliated companies. |
