Corporate Retirement Plan Consulting
Provided by Michael Aschberger through Aschberger Financial and Altus Consulting Group
Michael Aschberger provides comprehensive retirement plan consulting services to business owners, plan sponsors, and fiduciaries. His service philosophy is to assist organizations in assessing, analyzing, and addressing the specific needs of their corporate retirement plan to maximize value while managing fiduciary responsibility.
Altus Consulting Group is utilized exclusively for corporate retirement plan consulting, fiduciary support, and plan governance services.
Our Objective for Your Retirement Plan
We help employers and plan sponsors:
- Manage fiduciary risk
- Improve operational efficiency
- Increase employee satisfaction and engagement
- Streamline investment selection and monitoring
- Identify and recommend cost efficiencies
Consulting Services
Our consulting services are available in two formats, allowing flexibility based on your organization’s needs.
Fee-for-Service Consulting
You select individual services or a combination of services appropriate for your plan, including:
Plan design evaluation
- Investment structure review
- Fiduciary process assessment
- Provider benchmarking
Total Retirement Plan Consulting
We act as your ongoing retirement plan consultant and are compensated through asset-based fees and/or commissions, depending on plan design and services selected.
Plan Conversion & Installation Services
We coordinate and manage all aspects of your retirement plan conversion or installation, working closely with recordkeepers, custodians, payroll providers, and other service partners.
Services include:
- Provider coordination and transition oversight
- Investment mapping and lineup implementation
- Fiduciary documentation support
- Employee communication during plan transitions
Ongoing Plan Support
We provide continuous oversight to help maximize the long-term effectiveness of your retirement plan.
Ongoing services focus on:
- Investment monitoring and analysis
- Fiduciary process oversight
- Periodic plan reviews and updates
- Sponsor satisfaction monitoring and plan adjustments
Our ongoing support emphasizes investments, fiduciary responsibilities, and employee education.
ERISA Fiduciary Services
When engaged in a fiduciary capacity, services may include:
- Review of plan objectives, risk tolerance, and goals
- Development or review of the Investment Policy Statement (IPS)
- Recommendations for selection and monitoring of plan investment options
- Assistance with monitoring and replacing designated investment alternatives
- Recommendations regarding Qualified Default Investment Alternatives (QDIA)
- Assistance with selection and monitoring of investment managers
ERISA Non-Fiduciary Services
Non-fiduciary consulting services are designed to support plan governance and operational effectiveness.
Services include:
- Plan governance and committee education
- Determination of plan objectives and available options
- Review of participant education and communication strategies
- Development and maintenance of a fiduciary audit file
- Service provider selection and review
- Fee analysis and periodic benchmarking
- Generation and evaluation of provider requests
- Service provider transitions and plan conversions
- Investment education for plan fiduciaries
Employee Education & Communication
Effective employee education is critical to plan success and participant outcomes.
Services include:
- Group enrollment and investment education meetings
- Support for individual participant questions
- Periodic educational updates or newsletters
- Retirement readiness education and guidance