Tibble v. Edison and Our 5 Areas of Focus for Retirement Planning

Kevin J. Beaulieu AIF®, ChFC®

Earlier this year, the Supreme Court made a landmark decision in Tibble v. Edison International* that has brought retirement planning and fiduciary obligation to the forefront of the news. As a retirement plan provider, you may be wondering how this case might affect you, your employees and your fiduciary responsibilities.

United States Supreme Court

In light of recent events, now is the time to evaluate your company retirement plan. At Independence Financial Partners, we service more than 60 retirement plans – both qualified and non-qualified. We focus on:

Plan Design

We use the RPAG Scorecard System methodology, which incorporates both quantitative and qualitative factors in evaluating fund managers and their investment strategies.

Benchmarking

As a member of Retirement Plan Advisory Group™ (RPAG™), Independence Financial Partners has access to dedicated Provider Search/Fee Benchmarking resources for investment management, recordkeeping services and fee comparisons, which helps plan sponsors to meet important fiduciary requirements while ensuring a best practices retirement plan.Since 2011, the RPAG B3 Provider Analysis™ system has received over 20,000 live pricing quotes from service providers and has produced over 5,000 benchmarking reports.

Investment Advice

We address questions like:

  • When can you afford to retire?
  • How you will reach your financial goals?
  • What if you outlive your savings?

Fiduciary Compliance

We use the Fiduciary Fitness Program™ to measure the health of a retirement plan, through our membership in the Retirement Plan Advisory Group™ (RPAG™). Our program provides resources as a means to identify potential weaknesses in your plan and remedy through education, diligence, and process.

Participant Outcomes

When participants achieve their retirement income potential, they’re able to enjoy retirement the way they want to. We work with participants to build and follow a retirement income strategy to help protect financial security – and avoid having to make tough choices later in life.

 *This summary is being presented for informational purposes only.  The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. 

About the Author
Kevin J. Beaulieu AIF®, ChFC®
Managing Partner
Independence Financial Partners

Source: http://www.scotusblog.com/case-files/cases/tibble-v-edison-international/

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Established in 1909, Independence Financial Partners' history is a testament to our dedication to our clients. Today, our full service firm serves Southern New England from its main offices in Warwick, Rhode Island and Rocky Hill, Connecticut.

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