A well-managed retirement plan isn’t just a benefit—it’s a strategic asset.
In the commercial construction industry, where retaining top talent and managing labor costs are ongoing challenges, a thoughtfully designed employer-sponsored retirement plan can offer long-term value to both employees and your business. But with that value comes responsibility. Plan sponsors must follow a fiduciary process that prioritizes participant outcomes, complies with ERISA standards, and responds to a dynamic regulatory environment.
Fiduciary roles matter—and we’re equipped to take them on.
At Reliance Integrated Wealth Partners, we serve in either a 3(21) or 3(38) fiduciary capacity, depending on your needs. As a 3(21) fiduciary, we provide co-fiduciary advice to help you make informed decisions, while under a 3(38) role, we assume full discretion for selecting, monitoring, and replacing plan investments. Either way, our involvement is built on deep expertise and a structured process designed to reduce your liability and enhance participant outcomes.
Oversight you can trust.
Our team helps you implement a consistent, prudent process that includes benchmarking plan fees and service provider costs to ensure they are fair and reasonable. We support or manage investment selection and monitoring based on your fiduciary designation, and ensure documentation is in place to satisfy ERISA compliance requirements.
Strategic planning beyond the core plan.
We go beyond basic plan administration to help you evaluate whether the group retirement plan is meeting your goals—particularly when it comes to attracting and retaining key employees. We guide you in exploring additional benefit strategies such as non-qualified deferred compensation, long-term incentive plans, and cash balance pension plans—while weighing their cost, complexity, and potential impact on your team and your company.
An established process, reviewed annually.
Retirement plan management is not a one-time event. That’s why Reliance Integrated Wealth Partners follows a comprehensive annual review process that ensures every element—investment menu, plan design, fees, compliance, employee participation, and executive benefits—is regularly assessed and aligned with current regulations and your evolving goals. In a changing landscape, we help you stay proactive, prepared, and ahead of the curve.
Empowering your employees through education.
Ultimately, a retirement plan is only as effective as its participants’ ability to use it. We work closely with employers to develop and deliver ongoing participant education strategies that encourage informed decision-making and long-term financial well-being. From enrollment meetings to personalized guidance, our approach is designed to help your employees grow their wealth and work toward financial independence—with confidence.