PPP Rapidly Overtaking FFF as Retirement Plan Best Practice
FFF stands for Fiduciary, Funds and Fees and it has consumed Advisor – Sponsor conversations for years. However, the best retirement plan consulting firms are rapidly replacing FFF conversations with PPP.
PPP stands for Process, Prudence and Participant Outcomes. ERISA clearly calls for sponsors and consultants to have proven, established processes which comply with ERISA, DOL, IRS and Fiduciary requirements. Starting with ERISA and codes of law, Dynamic Wealth’s retirement plan solutions incorporate Process, Prudence and Participant Outcomes in its services at multiple levels.
Dynamic’s Gold service model strives to offload as much of the sponsor’s and advisor’s ERISA, DOL and Fiduciary responsibility as possible freeing up the sponsor to spend more time running their business and less time dealing with day to day plan responsibilities.
Dynamic’s Gold service model also allows advisors to offer a top-shelf retirement plan consulting solution to sponsor clients while only spending a few hours per plan per year to service their plan client.
For info, call Fran Gillis at 970-225-2001 or email him at email@example.com.