Kidder Resources

Kidder Benefits Consultants, Inc., provides access to a host of tools and resources that enable Kidder professionals and the plan’s financial advisor(s) to provide the highest level of investment and fiduciary plan governance services to the plan sponsor.

  • These Services and Resources include:
  • Investment Due Diligence Process
  • Investment Due Diligence Reports
  • Actuarial Services
  • Fiduciary Monitoring System
  • 401(k) Search Pro for finding the Right Provider
  • Fee Benchmarking
  • Industry Reports
  • Research Library
  • Fiduciary Oversight
Investment Due Diligence Process

Market volatility makes it critical for retirement plan sponsors and fiduciaries to develop and maintain investment due diligence procedures and supporting documentation. We work with the retirement plan committee to develop and maintain the plan’s investment strategy, which is codified in an investment policy statement. This investment policy statement is used as a guide to evaluate current investment offerings, measuring them against applicable indices, the existing provider’s complete menu and the broader universe of investment options. The process is designed to confirm that a plan’s investments are diversified, well managed, and meet the objectives of the investment policy statement.

Investment Due Diligence Reports

Each investment is evaluated by more than a dozen different and objective analytical measurements, including Zephyr’s Style Advisor, one of the most robust investment analytical tools available.

Kidder-Lane Actuarial Services

Kidder-Lane Actuarial Services is one of America’s largest independent providers of pension-related actuarial consulting and risk management expertise. As Cash Balance and Defined Benefit specialists, we work closely with business owners, advisors and third-party administrators to optimize both retirement benefits and tax savings, while assuring plan compliance.

Fiduciary Monitoring System

We provide investment policy development and compliance monitoring services for retirement plan sponsors. Reports are written for executives who are not necessarily financial experts. We offer both summary and detailed exception-highlighted reporting to reflect varying executive styles.

401(k) Search Pro for Finding the Right Provider

Selecting the appropriate retirement plan provider can be a time-consuming, confusing and frustrating process. All too often, standard vendor-provided proposals do not include enough information to determine if services meet administrative, recordkeeping, compliance and employee communication standards. Furthermore, total plan costs are usually impossible to determine from the face of the proposals.

Using the SearchPro Plan Provider Review Process, we become the plan sponsor’s outsource partner in the plan provider review process. The process enables plan sponsors to eliminate confusion and frustration in selecting a 401(k) provider, while dramatically reducing the amount of time plan sponsors must allocate to the evaluation of new plan providers.

Search Pro is a proprietary plan provider analysis and benchmark system. It aims to create transparency, extract better pricing and enhance services from candidate providers, while empowering the retirement plan investment and fiduciary committee. The survey and research cover market sentiment from more than 100 providers, 3,000 plans, 80+ record-keepers and $3 trillion in assets.

Fee Benchmarking

To reduce fiduciary liability, we help plan sponsors understand, evaluate and compare all fees related to the plan. Many plan costs are virtually impossible to determine from the face of a vendor’s proposal. But we dig deep, dissecting all explicit and implicit fees to help clients understand not only what they are paying, but how it compares to industry standards.

Industry Reports

Comprehensive industry reports compare client plans to others in the same industry and asset size. They also compare client plans to Defined Contribution survey results across all industries. These reports are based on feedback from more than 4,900 plan sponsors across 26 different industries.

  • Every survey topic is covered in detail:
  • Comparisons by asset class
  • Comprehensive analyses of dozens of areas of plan design
  • In-depth coverage of 401(k) plan design and investments, including:
    • participation rates
    • investment options
    • company match
    • company stock
    • investment advice
    • online features
    • plan costs/fees
    • advisor services
Research Library

This library includes significant articles and news items pertaining to the retirement plan market. There are white papers covering such topics as “Fiduciary Requirements For Selecting and Monitoring Plan Providers” and “Study of 401(k) Plan Fees and Expenses.” Links to outside sources of retirement plan news are also available.

Fiduciary Oversight

Investment stewards wear many professional hats. And while they may spend the least amount of their working life on retirement plan issues, their fiduciary roles create the most significant amount of personal risk in the corporate arena. Inundated with primary job functions, finance and human resources executives lament the lack of time and tools available to fulfill their fiduciary accountabilities with high levels of assurance and protection. This uncertainty is the main cause of their concern about their personal liability as a fiduciary.

To meet this void, we offer a fiduciary oversight program that delivers protection and ensures excellence in plan management through independent governance and monitoring.

Under this program, we help clients satisfy the following fiduciary functions with an uncompromised level of assurance.

  1. Demonstrate prudence through a document trail.
  2. Understand the key factors around investment management decision making.
  3. Adhere to the plan document and the committee’s investment strategies.
  4. Avoid conflicts of interest.
  5. Monitor service providers according to the new global benchmarks of fiduciary excellence.

Plan sponsors appreciate our fiduciary oversight program because it’s easy to use, documents decisions, assures continuity of conduct and clarifies all roles and responsibilities.