Defined Contribution Plans

As defined contribution plans have grown in size and importance, so has the need for plan sponsors to monitor and manage them. Some of this need is due to heightened regulatory scrutiny and pressure, but also the understanding that DC plans will form the majority of retirement savings for most people who use them.

River and Mercantile Solutions provides advice as both an ERISA 3(21) and ERISA 3(38) fiduciary. We also provide advice on record keepers, plan design, plan fees and regulations that can impact DC plan sponsors. We offer varying levels of service, from basic fiduciary cover and governance through to the investment management of participant default options.

We believe the needs of DC plan sponsors are evolving from using consultants simply to provide fiduciary cover around fees and the selection of the investment line-up to seeking real advice around how to fundamentally improve DC plans. This can take many forms, from finding better record keeping platforms through to complete redesigns of the investment line-up and trust structure. We believe that DC plans will look substantially different in 20 years, and we anticipate working with our clients to design these DC plans of the future.