Retirement Planning Management


Our Benchmarking & Provider Searches

Best practices dictate that fiduciaries should benchmark their 401(k) plans against industry averages every 3 to 4 years. At One Source Health & Wealth Management, we solicit and compare competitive bids from the major retirement plan providers to give you a clear assessment of your plan and the current market.

We deliver a complete analysis of your current 401(k) plan, and a carefully vetted selection of competitive bids. We compare services, investments and fees providing objective advice to help you understand the data. With this information in hand, you can make informed decisions about the effectiveness of your plan and make adjustments as necessary.

Our Process

  • 1 Determine your goals

  • 2 Identify potential bidders

  • 3 Gather information from providers

  • 4 Analyze Data

  • 5 Present findings and determine direction

  • 6 Complete final analysis and select finalists

  • 7 Finalists (providers) present their plans to you

  • 8 You decide if a change of providers is needed

ERISA Fiduciary

Under ERISA, plan sponsors are personally liable for the decisions they make on behalf of plan participants. A retirement plan adviser can help share or even wholly bear your burden by acting as either a 3(21) co-fiduciary or a 3(38) fiduciary. One Source Health & Wealth Management is one of the few registered investment advisers (RIAs) qualified and willing to perform in either of these capacities.

Which model is right for you?

Plan sponsors who need assistance with their fiduciary responsibilities but want to maintain discretion and control over their plan’s investment options would most benefit from partnering with One Source Health & Wealth Management as a Section 3(21) co-fiduciary.

Many plan sponsors prefer to shift the fiduciary responsibilities to a third party who has greater expertise and is better prepared to assume the risk involved. As a Section 3(38) fiduciary, One Source Health & Wealth Management takes on the full responsibility – and therefore liability – for selecting, monitoring and replacing investments on behalf of a plan sponsor. Because of the large responsibilities and risks involved, the 3(38) fiduciary status is only awarded to banks, insurance companies and Registered Investment Advisers (RIAs) subject to the Investment Advisers Act of 1940.

Regardless of which fiduciary model you select, One Source Health & Wealth Management is bound by ERISA Section 404(a) to act in the best interest of plan participants and to meet the “prudent man” rule.

Investment Advisory

Many companies who offering investment advice will offer a “warranty” ― but the fine print often begins with the words “We are not a fiduciary.” As a Registered Investment Advisor (RIA) and ERISA fiduciary, One Source Health & Wealth Management is vested in the success of your plan and its participants.  We are required to make investment decisions that a prudent person would make in your place.

One Source Health & Wealth Management advises plan sponsors throughout the complete process.  From selecting the best fund menu, to monitoring the plan and making changes as necessary. Our goal is the same as yours: to provide participants with the opportunity to build wealth while protecting plan sponsors from excess risk and fiduciary liability.