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Our Services

At Baystate Fiduciary Advisors, we strive to deliver high-impact service to organizations – innovative solutions, comprehensive consulting, and business value. As an independent firm, with national scale and resources, we have access to a broad array of record keeping platforms, the latest research and analytics coupled with fiduciary capabilities to assist a company with its retirement plan obligations. We offer objective guidance on how to structure a competitive, qualified retirement plan that aligns with your business goals and cost parameters.

Serving as an objective guide for plan sponsors, we help them navigate through the maze of investment options, plan design considerations, participant education, vendor resources, and more. Our services include:

Fiduciary Support

Liability is a significant concern for many business owners. We assist with fiduciary risk management strategies, seeking to help you keep your 401(k) or 403(b) plan in compliance with ever- changing regulations, and systematically monitoring your plan’s investment options. We assist with developing an Investment Policy Statement (IPS), selecting investments and monitoring performance, and procedural due diligence.

Plan Benchmarking

An organization has an ERISA obligation to ensure that what you and/or your participants are paying for the cost of your plan’s investments, record-keeping, and administration can be deemed as “reasonable.” To evaluate the competitiveness of your plan and other options available, we regularly conduct independent value and fee benchmarking for your service providers, including ourselves. This allows us to leverage a potential cost savings from your current or potential service providers.

Plan Participant Education

We not only provide you with our support, but we also help your employees with their overall financial wellness beyond the retirement plan options. Participant education is essential to a successful retirement plan, along with proper plan design. Working with your retirement plan committee, we can assist in coordinating a personalized, segmented program tailored to your demographic needs.