Skip Navigation

DBR Fiduciary Plan Solutions

Retirement Plan Sponsors

DBR Fiduciary Plan Solutions specializes in independent consulting for 401(k) and 403(b) defined contribution retirement plans, defined benefit, and non-qualified deferred compensation plans. We provide ERISA 3(21) and discretionary 3(38) investment advisory and fiduciary consulting services in accordance with the Department of Labor’s Best Practice Standards.

Why Consider a Firm That Specializes in Retirement Plan Solutions?

Plan trustees and Retirement Committees that use a dedicated retirement plan advisory firm have a better understanding of their own fiduciary responsibilities, experience improved plan performance, and deliver greater support and financial education to their employees.

We Commit To:

  • Serve as a co-fiduciary of your plan in either a 3(21) or 3(38) capacity
  • Deliver specialized expertise based on industry best practices
  • Perform fiduciary training to mitigate risk and liability
  • Assist in reviewing reasonableness of all expenses and fees
  • Provide fully independent advice free of the conflicts of interest present in other models

How We Work With Your Organization

Design & Implementation

Plan Design
  • Establish long-term goals and objectives of the plan
  • Identify and evaluate key plan features
  • Assist in mitigating compliance and fiduciary risk to protect trustees
Investment Advisory
  • Collaboratively establish, maintain, and review the plan's guiding Investment Policy Statement (IPS)
  • Perform detailed investment research and due diligence
  • Evaluate, recommend, and monitor the plan's investment options for compliance with IPS
  • Review reasonableness of all investment expenses and fees
  • Deliver regular investment monitoring and reporting
Fiduciary Best Practices
  • Perform fiduciary assessment to identify plan’s adherence to DOL, ERISA, and industry best practice standards
  • Assessment consists of three phases: evaluation, recommendation, and implementation
  • Present written reports to support fiduciary compliance in case of DOL audit

Ongoing Guidance & Support

Participant Education & Engagement
  • Group financial education for participants
  • One-on-one participant guidance
  • Annual updates to plan changes and new hire enrollments
Service Provider Management
  • Identify plan services and products for fiduciaries
  • Lead process to select, monitor, and replace service providers
  • Conduct RFP due diligence
  • Benchmark the reasonableness of outside service provider fees
High-Touch Support
  • Act as extension of HR team
  • Support plan administration and operations
  • Coordinate integration of mergers and acquisitions

How We Work With Your Organization

Differentiating Characteristics of an Independent, Fiduciary Advisory Practice

Conflict-Free and Customized Fiduciary Expertise
  • Avoid conflicts of interest that may be present in other models by remaining fully independent, establishing transparent fees for service, and always placing client interests first
  • Research and recommend well-vetted investment options to retirement plan clients within the guidelines of the plan’s IPS
  • Contract as a co-fiduciary, accepting liability in writing for our advice
  • Assist trustees and Retirement Committees to develop fiduciary processes that are definable, measurable, and repeatable
  • Extensive operational expertise to assist in implementing best practices for plan delivery
  • Implement custom risk-based models to support participant asset allocation and investment selection
  • Provide comprehensive administrative service and support

How Can We Help?