Westport Benefits Group
7 Pheasant Lane
Westport, CT 06880
t: 203 227 3738
f: 203 571 1272
Services
Westport Benefits Group provides a broad range of services to support your 401(k) or other qualified plan. We enjoy relationships with all major vendors and, because we are independent, we are able to utilize the combination of product and service which is appropriate for each client. Our emphasis on fiduciary practices as the framework for any vendor or product is what separates us from most other providers.
Our services include:
- Plan Design
Our plan design professionals are able to guide clients to the optimal program, using the latest design tools and techniques. We stay current in a constantly changing regulatory environment and advise our clients when a design opportunity becomes available for consideration . - Selection
and Monitoring of Funds
In accordance with ERISA, we prudently identify, retain, and monitor the investment vehicles in coordination with the Trustees. The investment menu is designed to accommodate the needs and sophistication of the workforce. - Employee Education
WBG conducts Group and Individual meetings both initially and on an ongoing basis. We tailor our presentations to the clients' needs and make every effort to produce a high level of participation. - Compliance
A compliance checklist and documentation record allows Trustees to follow established guidelines in this important area.
Whenever possible, we believe that Trustees should explore an “open architecture” arrangement for their plan. There are a number of vendors who now provide this service, which allows Trustees to easily identify the costs and fees which were previously non-disclosed. Recent headlines about mutual fund scandals and “pay to play” schemes have made it necessary for Trustees to be more fully aware of the true costs of providing a plan. Westport Benefits Group can provide a comprehensive evaluation of your current fee structure and make recommendations accordingly.