Investment Advisory
Vendor Analysis & Benchmarking
When you select a defined contribution plan vendor, you’re not only choosing to use their services but buying that vendor’s business processes. Cowden Advisers, Inc. takes an in-depth look at potential vendors, carefully evaluating their processes and assessing their capability to meet the plan sponsor’s and participants’ needs. Throughout the vendor relationship, Cowden Advisers will continue to monitor vendor performance and expenses relative to service agreements, seeking ways to enhance vendor service.
The best time to conduct a review is during the vendor evaluation process, before a final vendor selection has been made. However, if a plan sponsor makes a decision to search for alternative vendors at any time, we can help determine appropriate candidates and the best fit relative to identified needs and goals.
Benchmarking
It can be helpful to know how your defined contribution plan compares with other companies like yours, particularly your competitors. Cowden Advisers works to identify appropriate peers for defined contribution plan benchmarking. Using published documents, public surveys and our own database of best-practice companies, we can give you a snapshot of current 401(k), 403(b) or 457 plan features and trends. We can also identify how your participants measure up against industry participation and contribution rates.
The Annual Tri-State Area Defined Contribution Plan Sponsor Survey
Conducted in partnership with Cowden Associates, Inc., the Defined Contribution Plan Sponsor Survey adds credible regional data to national survey numbers. Results identify areas of defined contribution plan sponsorship and participation in need of improvement as the plans emerge as America’s primary retirement vehicle. The annual survey provides a baseline to measure future improvement in defined contribution plan sponsorship and participation. Along with our Tri-State Area Employee Benefits Survey, it continues to be an important benchmarking resource providing credible and dependable data that benefits clients and participants.
RFPs and Fee Benchmarking
Program Overview
Looking for a new 401(k) provider can be time consuming, cumbersome and downright frustrating. Cowden Advisers, shoulders the responsibility of a process-driven plan provider Request for Proposal (RFP), including collecting the quotes, spreadsheeting the data and ultimately recommending the most appropriate provider.
Through the process, corporate officers meet their fiduciary duty to monitor plan fees and make important plan provider decisions, while ensuring the best possible plan at the most competitive cost for participants.
Core Components
- Investment Management
- Recordkeeping
- Total Plan Costs
- Technology Services
- Employee Communications
- Compliance
- Provider Compatibility
Highlights
- Executive Summary
- Side-by-side Comparison of Vendors
- Total Cost Analysis
- Investment Platform Ranking
Investment Due Diligence
Program Overview
Without a sound investment due diligence process, plan fiduciaries may be personally liable for poor employee investment returns. Cowden Advisers, helps plan sponsors address these issues, from establishing the Investment Policy Statement (IPS) to the ongoing selection, monitoring and recommendations of the plan’s investments.
Our investment fund review includes the ranking of a plan’s funds in approximately 14 asset classes. What makes our process leading edge is that it employs a complete approach that takes into account risk adjusted return characteristics, style analysis, peer group rankings and various qualitative factors. This is very similar to what the largest and most advanced investment institutions in the world utilize, yet has been simplified so that it may be used for all of our clients, regardless of size or sophistication.
Highlights
- Investment Policy Statement
- Investment Analysis and Review
- Scorecard Fund Ranking
- Quarterly Market Summary
- 404(c) / 404(a) Guidance