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> Negotiated with the incumbent recordkeeper to process 401(k) eligibility determination
for a Fortune 200 retailer, resulting in $500,000 of annual savings in staff and systems support.
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> During the course of a recordkeeper search, discovered the need to replace the current broker/advisor
commission arrangement with an independent investment consultant, identified a short list of viable candidates, supported
the evaluation and selection of the investment consultant, and fast-tracked the involvement of the investment consultant onto
the search team.
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> Oversaw the conversion of a $250M plan to a new provider, implementing process improvements
and identifying compliance problems within IRS/DOL voluntary correction program requirements.
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> Restructured recordkeeping, investments, and revenue sharing arrangements to reduce administration
costs 40% and introduced a tiered direct fee which emphasized transparency and improved participant understanding.
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> Marketed the 401(k) plan of a rapidly growing high tech firm and successfully negotiated fees
based on future plan growth, resulting in elimination of direct participant fees, a 30% fee reduction, and a re-invigorated
employee communication campaign.
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