Services > Retirement Plans > Total Plan Management

 

Total Plan Management

 

LAMCO's Total Plan Management solution streamlines the Plan Management Process by giving you just one number to call:

 

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  • Your personal Plan Manager will interact with your Plan Vendors to get answers, resolve problems and implement changes. Our proactive review of your Plan will seek to improve areas of weakness and address problems before they occur.
  • We will manage the Plan's Investments and accept responsibility as the Plan's Fiduciary for this function, reducing your responsibility and the associated liability.

  • In addition, we will manage the employee experience. We have a passion for positively influencing the retirement future of every employee in your company.

  • Finally, plans often outgrow their structure. Better alternatives from the existing vendors, or competitive vendors, should constantly be evaluated. As a result, we will constantly evaluate the Plan's vendors and identify alternatives which may be more competitive or appropriate for your Plan.

     

     

     

    "The duty to act prudently is one of a fiduciary’s central responsibilities under ERISA. It requires expertise in a variety of areas, such as investments. Lacking that expertise, a fiduciary will want to hire someone with that professional knowledge to carry out the investment and other functions"

     

    Department of Labor