Fiduciary Risk Management

Despite the large financial and legal risks of sponsoring a retirement plan, fiduciary risk management is often overlooked by business owners and executives. HUB offers fiduciary risk management support to businesses. Read on to learn more about the services we offer.

Fiduciary Investment Review

• We can serve as an ERISA 3(21) investment advisor or an ERISA 3(38) investment manager to your plan.
• Our investment selection and monitoring services include education, advice and potential management of your investment menu. We also provide a quarterly monitoring report of the funds in your plan using a documented, prudent process to select and monitor investments.

Plan Governance Consulting

• We can advise you in the creation, execution and regular review of your Investment Policy Statement.
• We test your plan and benchmark multiple data points against your plan ‘peer group,’ in order to make recommendations on best practices regarding plan design, compliance, vendor services and plan demographics.

Provider Analysis and Benchmarking

• Our provider benchmarking process assesses the quality of your service providers. We analyze the scope of services, the value delivered to you and your employees, and their impact on plan costs.
• When performing a vendor search, we evaluate and analyze your incumbent and prospective vendors and allow you to make an informed decision based on current best practices.

• Learn more about our retirement plan consulting services.
• Our Small Business Retirement Plan, HUB Retirement Select, helps small- to mid-sized businesses manage plan administration and fiduciary risk.
• Visit our Employee Benefits Compliance page for up-to-date resources and regulatory alerts.