Tools & Technology • NAPA Firm Partners
Fiduciary Consulting Group, Inc.
Fluent Technologies
Murfreesboro, TN • www.ifiduciary.com
Stoneham, MA • www.fluenttech.com
Key Contact(s)
Key Contact(s)
Larry E. Crocker • 615.848.0015 • LEC@ifiduciary.com
Michael Zimmer • 781.939.0900 • mzimmer@fluenttech.com
Firm Profile
Firm Profile
In Business Since: 2003 Fiduciary Consulting Group (FCG) is an industry leading Independent Fiduciary that provides compliance consulting, fiduciary audits, and outsourced fiduciary management services to institutional clients and plan sponsors throughout the US. FCG is one of the longest serving Independent Fiduciary firms providing fiduciary compliance support and technology solutions in the area of administrative, operational and regulatory compliance.
In Business Since: 1994 Fluent aggregates and analyzes retirement plan data and transforms it into action-based insight. We stand by our slogan, “smart data that speaks to your markets.” Recordkeepers, RIAs, and individual advisors count on us to make successful outcomes evident for their sponsor and participant clients. Trusted by the most visible brands in the industry, Fluent currently reports on 20% of America’s ERISA plans offered by employers.
FCG is not a service provider (TPA, recordkeeper, adviser, etc.). Instead, our team of professionals support plan advisers and service providers by providing an Independent Fiduciary solution to support their business model and protect their clients.
Product/Service Category Other
NAPA BLACK BOOK 2020
144
Product/Service Description In today’s marketplace, it is a challenge for many plan advisers and plan sponsors to understand the different fiduciary outsourcing services available, and why the differences matter. Due to the increasing number of employers desiring to outsource their fiduciary compliance responsibilities, many service providers are now offering some level of 3(16) administrative or fulfillment services, many of which are very limited in scope and usually focus on a specific set of tasks.
Product/Service Category Software
Product/Service Description Fluent couples plan health and investment review in a single platform for retirement professionals managing plans in the mid to small-plan market. Our cloud-based solution, UtopiaAdvisor, supports plan advisor fiduciary roles by affording greater insight into participant outcomes. Advisors can set plan health goals, monitor participation and investment services and measure progress against peers. UtopiaAdvisor’s key application features include: • Data aggregation, API technology, and client service operations. • Enterprise integration and scale in support of Plan Provider Products and RIA Platform Practices that deliver value to associated advisor networks.
Fiduciary Consulting Group will accept the role as the Responsible Plan Fiduciary and serve as the 3(16) Named Plan Administrator and 402 Named Fiduciary. Our full scope, high touch service model allows the employer to transfer their responsibility for fiduciary compliance and plan management to our firm. We welcome the opportunity to discuss the details of our services and technology solutions for plan sponsors, plan advisers and service providers.
• Proprietary plan activity and performance evaluation, scoring and benchmarking.
Sampling of Services: Complete Plan Governance • Administrative & Operational Compliance • Regulatory Oversight, including compliance to DoL 408(b)(2) regulations • Approval of Plan Withdrawals & Distributions • Service Provider Selection & Oversight • Monitor Timely Deposits to Plan • Sign & File Form 5500 and other required documents • Take Corrective Actions for the Plan
• Professionally developed and brand configurable reporting and publishing for automated, client ready reports.
• Plan and book of business analytics dashboards with updated metrics and actionable alerts. • New business prospecting, lead generation and sales support through use of DOL 5500 data.
• Document vault, contacts directory and user administration.
Type of Client Plans Served: • Multiple Employer Plans (MEP) • Pooled Employer Plans (PEP) • 401(k), 403(b), 457 Plans • Defined Benefit Plans • Post Retiree Medical Trusts • Group Investment Trusts
BB_WIN20_138-151_Tools&Tech.indd 144
11/19/20 12:41 PM