A Better Plan for Pension Plans
Harrison Fiduciary Group presents a new model for managing the investment of pension plan assets — empowered by an unrivaled team of experts.
This new model dramatically:
- Reduces plan expenses
- Decreases the commitment of internal resources to pension plan management
- Mitigates personal fiduciary liability and responsibility of directors and officers
The HFG Difference
For decades pension plan sponsors have been paying consultants, investment managers and service providers to evaluate, manage and maintain ERISA-qualified pension plans.
The result: the pension industrial complex has flourished. The plans have not.
Unlike other pension plan service providers HFG does not avoid Fiduciary status. We welcome it.
And unlike other firms, we integrate the fiduciary and investment skills needed to succeed. We are “prudent experts” — as required by ERISA standards — so that you can focus on your business strategy.
Divest Complexity & Risk
ERISA requires fiduciaries to act as prudent experts. Yet few business people are either investment experts or fiduciary experts.
Some of the most frequent claims:
- Excessive plan costs
- Failure to abide by investment guidelines
- Imprudent selection and oversight of investment managers and investment options
- Imprudent retention of company stock
Plan management is incredibly complex — on both the legal and investment sides — and a major distraction. It also carries potentially serious personal legal consequences for breaches of fiduciary duty.
The volume of class action lawsuits in the past three years has exploded alleging breach of fiduciary duty.
HFG removes the weight of the pension millstone
from around the necks of directors and officers so they can perform with speed and agility in these challenging times.
Depending on client need, HFG assumes one of two roles: Investment Named Fiduciary or Independent Fiduciary. As Investment Named Fiduciary, HFG assumes overall responsibility and liability associated with named fiduciary status. We select and monitor investment options, managers, strategies and consultants for the plan.
As a related service, we also review and negotiate your fees and services with trustees, record keepers and administrators — according the plan the benefit of best industry practices at reasonable and competitive fees.
As an Independent Fiduciary, HFG provides a tailored selection of fiduciary services. Engagements might include managing a company stock account, approving litigation settlements, or reviewing a plan’s participation in a securities lending program.
Fiduciary Leadership
Mitch Shames has assembled a team of fiduciary professionals of unprecedented talent. With more than 75 years of combined experience, they have handled investment and fiduciary matters for over $2 trillion in assets under management.