Plan Performance
Purpose Driven Plans implements high performance retirement plans using proven best practices and service partners to provide plan sponsors with financial results, regulatory clarity and measurable confidence.
Risk Mitigation
Purpose Driven Plans by insulates Plan Sponsors from the ever changing legal and IRS / DOL regulatory requirements by sharing the fiduciary responsibility and liability as we partner with plan sponsors to manage corporate and personal risk.
Retirement Readiness
Purpose Driven Plans improves its client’s operating budget by through our unique financial wellness programs to develop financial literacy, reduce the organizational cost of employee financial concerns and drive better retirement outcomes of your plan participants.
The problem we solve
Purpose Driven Plans helps plan fiduciaries drive down the cost of plan sponsorship, improve plan outcomes while reducing the individual and corporate risks of sponsoring retirement plans.
Most of our clients come to us with the same challenges:
- Expected that their retirement plan provider was a co-fiduciary
- Unclear whether they are meeting their fiduciary responsibilities
- Lack a proven process to ensure the plan sponsors are protected individually or as a company from fiduciary liability
- Not sure they have the most cost effective plan or investment line up for a company of their type
- Not satisfied with their employees participation or appreciation of the benefit provided to them
- Experiencing employee performance challenges due to financial issues affecting their household
- Staff spends a lot of time consolidating data and reports to meet monthly & regulatory requirements
- Staff spends inordinate amount of time managing tasks related to the qualified plan
- Want to reduce the time and the cost of providing their plan benefits
Our “Rapid Results Diagnostics” process delivers our clients an objective assessment of all aspects of their qualified plan – providing clarity on what changes could be made to:
- reduce cost & streamline administration
- drive better participant outcomes
- meet fiduciary responsibilities with minimal personal and organizational risk.
Ready for more clarity and confidence?
We designed our “Rapid Results Diagnostics” processes to help business leaders quickly assess their situation (compared to expected best practices) and determine which actions (if any) are most prudent and beneficial.