SOURCE: Strategic Benefit Services

Strategic Benefit Services

April 20, 2016 04:00 ET

New Report Offers Steps for Building an Optimal Retirement Plan Investment Menu

ALBANY, NY--(Marketwired - April 20, 2016) - A retirement plan's overarching goals are to help participants accumulate wealth during their years of employment and to provide them with income during their retirement. With the decline of defined benefit plans, more emphasis is being placed on the employee's responsibility to save and reliance on defined contribution plans.

The challenge for fiduciaries is to successfully navigate the options available and build an optimal investment menu that is designed to guide participant choices and improve their retirement readiness. Ideally, they want to provide enough options to allow a participant to diversify, and yet not overwhelm or confuse participants with multiple or overlapping investment options. Since plan fiduciaries may be exposed to personal liability, it is prudent to have a process in place for the selection and monitoring of investment options.

Strategic Benefit Services (SBS) has outlined a four-step process for constructing an optimal investment menu that fosters ERISA compliance, provides desirable investment choices for plan participants, and will ultimately impact retirement outcomes.

Read 4 Steps to Building an Optimal Retirement Plan Lineup for Participants to learn more. This and other white papers can be downloaded on the Strategic Benefit Services website.

Strategic Benefit Services has been providing retirement services to leading healthcare, not-for-profit, and corporate organizations for more than four decades. SBS provides trusted advisory services including plan design, vendor management, investment selection and monitoring, operational oversight, and on-site education and communication. SBS conducts business in accordance with its values, in a manner that is in the best interests of our clients, with an ultimate goal of assuring their employees are ready for retirement.

SBS is headquartered near Albany, with offices in Cranford, New Jersey, Rochester, Tonawanda, and Melville, New York.

Securities offered and sold through Healthcare Community Securities Corporation (HCSC), Member FINRA/SIPC, and a Registered Investment Advisor.

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