Retirement Plan Management

Your Corporate Solution

Looking for personal retirement guidance?

A firm with reputable experience

Founded in 1978, Lebel & Harriman, LLP is one of New England’s oldest and largest providers of retirement planning services. Located in Falmouth, Maine, we advise many of Northern New England’s most prominent employers and serve as their trusted resource for top-quality, hands-on retirement plan services.

Quiet strength behind the scenes

We know how busy you are. Our retirement plan experts serve as the Retirement Plans division of your Human Resources Department. As your back office, we provide Human Resources professionals with daily, local, hands-on service in the areas of plan implementation and/or conversion management, plan design, year-end reporting and compliance reviews, conflict resolution, audit preparation and legislative updates. We encourage and welcome direct participant inquiries. In essence, we become the “conductor” of your retirement plan, orchestrating the plan on your behalf.

Driving force for plan success

As your front line, we provide top-notch enrollment and education services for your plan participants. Additionally, we provide the annual due diligence review for our plan sponsors that includes fund performance benchmarking, comprehensive fee analysis, fund company stewardship grading and concrete recommendations relative to plan design, product changes and/or investment offerings.

Our process

We manage retirement funds for many companies and experience has taught us what works and what doesn't. The process outlined below has proven to be effective for clients large and small.

  • Needs Assessment
  • Analysis of Existing Plans
  • Cost Savings Recommendations
  • Integrated Plan Development
  • Ongoing Participant & Plan Sponsor Services
  • Plan Design, Consulting and Investment Services
  • Communication and Education
  • Administration and Plan Management
  • Personal Services for Plan Participants

Plan Design & Consulting

Do you offer Roth contributions? Auto Enrollment or Auto Escalate? Does a Safe Harbor plan design make sense?

Do you know what any of this means? Most folks don’t.

We at Lebel & Harriman make it our business to know. We will perform a plan document review to ensure that you understand all of this and the options available to your organization. We will also make sure that your plan is operating according to the specifics of your plan document.

Investment Services

Do you know what your plan-related fees are? Are your expenses reasonable? Is there any indirect revenue sharing among service providers? Do you review your investment offerings on an annual basis? Do you maintain a due diligence file?

When you are a client of Lebel & Harriman, we will perform an annual fiduciary review for your plan that includes fund performance benchmarking, comprehensive fee analysis and stewardship grading with specific recommendations for action.

Communication & Education

We provide top-notch initial and ongoing enrollment meetings as well as asset allocation strategy meetings and investment education seminars. If requested, Lebel & Harriman will provide 1:1 financial planning assistance to your plan participants in an effort to drive better participant outcomes.

Administration / Plan Management

We assist our Human Resources professionals in overall plan / vendor supervision. As one of the largest providers of retirement plan services in the area, we are able to leverage our entire block to gain concessions for our clients. We resolve conflicts, coordinate services and benchmark our vendors to the retirement plan industry. In addition, we have years of experience in plan implementation and conversion management.

Compliance Services

Have you ever experienced an IRS or DOL audit? We have assisted numerous clients in assembling and documenting their files in response to an audit request. We understand the process and will support you every step of the way. Do you understand the year-end testing process and results? We do, and we assist our plan sponsors in finding their way through the maze of complex compliance issues.

Fiduciary Services

Our Advisors will partner with you as a 3(21) co-fiduciary to mitigate, as much as possible, your exposure to personal liability resulting from being a Plan Sponsor. Providing proper plan governance and stewardship is our everyday business and practice.

RFP Services

We utilize an industry leading, proprietary plan RFP analysis program to properly review and benchmark your plan features and pricing for reasonableness. Whether or not you are an existing client, this service is valuable to all Plan Sponsors looking to comply with today's "Best Practices" standards.

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