Case Study A:
Establishing a First Retirement Plan
IMPORTANT INFORMATION: The case study presented is hypothetical and for illustrative purposes only. It does not represent an actual client, and no representation is made that any investment strategy will achieve similar results. Investment outcomes may vary based on individual circumstances, objectives, and market conditions. All investments involve risk, including the possible loss of principal. Past performance is not indicative of future results.
Organization
A small business with approximately 20 employees seeking to establish its first employer-sponsored retirement plan as part of its employee benefits program.
Challenge
The company had not previously offered a retirement plan and needed guidance selecting an appropriate plan structure and coordinating the service providers required to implement the plan. Leadership also wanted an investment lineup that would be simple for employees to understand while meeting fiduciary standards.
Approach
Gaard worked with the company’s leadership team to evaluate retirement plan options and identify an appropriate plan structure. Gaard coordinated the implementation process with the plan’s third-party administrator (TPA), 3(16) administrator, and record keeper, and supported payroll integration to ensure employee contributions could be processed accurately.
Gaard then designed a diversified investment lineup including target-date funds and core investment options suitable for participants with varying levels of investment experience. The firm serves as the plan’s 3(38) investment manager and servicing advisor, providing ongoing investment oversight, plan reviews with the employer, and participant education.
Outcome
The company successfully implemented its first retirement plan, providing employees with access to tax-advantaged retirement savings and a structured investment lineup supported by ongoing fiduciary oversight and plan administration.