Savant Wealth Management

Company Retirement Plan Services

Company Retirement Plans with Fiduciary Oversight

Savant is an independent retirement plan advisor that works alongside recordkeepers to help employers support fiduciary responsibilities through governance oversight, fee transparency, and employee education. We work with plan sponsors, HR leaders, and financial decision-makers to help maintain retirement plans over time.

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Retirement plan services for small business
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What Savant Does and What Recordkeepers Do

Many employers start their search by looking for a “401(k) provider,” but recordkeepers and retirement plan advisors serve different functions. Recordkeepers provide the operational foundation of a plan, including participant accounts, platforms, and transaction processing. These services are essential parts of day‑to‑day administration.

As a retirement plan advisor, Savant works alongside recordkeepers to help plan sponsors meet fiduciary responsibilities through investment governance and due diligence, fiduciary oversight, and guidance on prudent processes. We help employers understand ERISA obligations, establish clear decision-making frameworks, and maintain documentation that supports long-term accountability.

Advisor vs. Recordkeeper (At a Glance):

  • Savant: Fiduciary oversight, investment monitoring, committee support, documentation, and education
  • Recordkeepers: Platforms, transactions, statements, participant access
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Technology and Recordkeeper Coordination

Most employers already have access to participant accounts, online enrollment tools, statements, and other retirement plan technology through their recordkeeper. Savant works alongside those providers to support fiduciary oversight, investment governance, employee education, and plan sponsor decision-making.

Savant does not require employers to adopt a proprietary platform. Instead, we coordinate with existing providers and processes to help support plan oversight while allowing participant-facing technology and administrative functions to remain with the recordkeeper.

This approach allows employers to evaluate retirement plan support services without necessarily changing their existing recordkeeper relationship.

Explore Retirement Plan Services

Savant provides retirement plan services designed to support fiduciary oversight, investment governance, employee education, and informed decision-making. Explore the solutions and resources available to help support your plan and its participants.

Investment Due Diligence

Support investment selection, monitoring, benchmarking, and documentation as part of an ongoing fiduciary process.

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Fiduciary Delegation

Understand how 3(21) and 3(38) fiduciary arrangements may help support retirement plan oversight responsibilities.

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Employee Education

Provide employees with retirement plan education, enrollment support, and ongoing resources designed to improve understanding of workplace retirement benefits.

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Retirement Plan Resource Center

Explore articles, guides, tools, and educational resources covering retirement plan management, fiduciary responsibilities, employee education, plan design considerations, and other topics relevant to plan sponsors.

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How Savant Can Help Plan Sponsors

Fiduciary Risk and Plan Sponsor Liability

Under ERISA, plan sponsors are fiduciaries. While that responsibility cannot be eliminated, aspects of fiduciary responsibility may be delegated where permitted under ERISA and supported by prudent processes and documentation. Ultimate fiduciary responsibility remains with the plan sponsor.

Savant can help plan sponsors:

  • Clarify fiduciary roles and responsibilities
  • Support investment committees and governance structures
  • Support delegation of certain investment responsibilities through 3(21) or 3(38) arrangements, when appropriate
  • Establish and document prudent decision‑making processes
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Fee Transparency and Benchmarking

Plan fees remain a key regulatory focus. Employers are expected to understand what they pay, what services they receive, and whether fees are reasonable.

Savant supports this through:

  • Fee benchmarking against comparable plans
  • RFP support and vendor evaluations
  • Identification of inefficiencies or overlapping services
  • Documentation that supports fiduciary oversight
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employee education for retirement plan services

Employee Education and Retirement Readiness

Employee education can help participants better understand plan features, retirement savings opportunities, and how workplace benefits fit within their broader financial picture.

Savant provides:

  • One‑on‑one employee education with Savant advisors
  • Group meetings and ongoing educational support
  • Guidance that connects the plan to an employee’s broader financial picture
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Our Process

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Discovery and Plan Review

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Benchmarking and Fiduciary Alignment

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Implementation or Transition

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Ongoing Oversight and Education

Resources for Plan Sponsors

Plan sponsors often ask, “What questions should we be asking?” Savant offers educational resources to help employers better understand responsibilities and options. These resources are designed to support informed decision-making during plan evaluation and ongoing management.

Featured Resources:

3(21) vs. 3(38): What Plan Sponsors Need to Know

3(21) vs. 3(38): What Plan Sponsors Need to Know

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401(k) RFP Checklist for Employers

401(k) RFP Checklist for Employers

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Related Articles

Frequently Asked Questions about Company Retirement Plans

Do I need a 3(16) administrator?

Not every plan requires one. Some employers use 3(16) services to support administrative and compliance responsibilities.

What fiduciary responsibility remains with the employer?

Certain responsibilities always remain with the plan sponsor. Savant can help define, document, and support those roles.

How do I know if our plan fees are reasonable?

Fee benchmarking and RFPs provide comparative data and documentation.

What’s the difference between a recordkeeper and a retirement plan advisor?

Recordkeepers provide platforms and transaction processing; Savant provides fiduciary oversight, investment governance, and sponsor support.

How often should a company’s retirement plan be reviewed?

Regular reviews are an important part of fiduciary oversight. Many plan sponsors conduct quarterly or annual reviews to evaluate investments, fees, and service providers. Ongoing monitoring can help ensure the plan remains aligned with its objectives and regulatory expectations.

Take the Next Step

Schedule a Retirement Plan Meeting

Connect with Savant’s Retirement Plan Services team to review fiduciary responsibilities, plan fees, and employee outcomes, guided by a prudent, advisor‑led approach focused on long‑term plan health.

Review your current plan, identify areas for further evaluation, and determine next steps using a structured fiduciary review process.

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