Retirement Plan Management & Advisory Services

Corporate Retirement Plan guidance designed to help businesses support their employees, manage fiduciary responsibilities, and build a more thoughtful approach to workplace benefits.

SOLUTIONS THAT SERVE YOUR TEAM

Built for Business.
Focused on People.

Waverly Advisors helps businesses build retirement plans that work for both employers and employees. Our Retirement Plan Management and Advisory Services provide a customized, comprehensive approach to plan design, implementation, and ongoing oversight, including fiduciary guidance, investment selection, recordkeeper and custodian evaluation, employee education, and governance support.

By partnering closely with plan sponsors, we help simplify administration, strengthen fiduciary decision-making, and create retirement programs designed to improve participant outcomes while supporting the organization’s broader goals.

Retirement Plan Advisory Services

Plan Review & Strategic Guidance

For businesses that work with outside recordkeepers or custodial platforms, Waverly’s Retirement Plan Management and Advisory Services provide guidance on investment selection, ongoing monitoring, and overall plan review. While recordkeepers typically handle transactions, participant statements, compliance testing, and Form 5500 filings, Waverly helps plan sponsors bring greater clarity and confidence to the decision-making process through thoughtful investment oversight, fiduciary support, and strategic plan guidance.

401KCOMPLETE

A More Streamlined Approach to 401(k) Plan Management

With 401kComplete, Waverly provides integrated support for plan sponsors looking to simplify the management of their retirement plan. Acting as an ERISA 3(38) investment fiduciary, Waverly assumes responsibility for certain investment decisions such as fund selection, ongoing monitoring, and asset allocation for risk-based models, helping sponsors manage complexity with greater confidence.

OUR INTEGRATED SERVICES

Retirement Plans That Work
as Hard as Your Team

Retirement Plan Governance and Fiduciary Support

Waverly helps plan sponsors strengthen retirement plan governance through fiduciary education, committee support, and the development of formal governance materials, including committee charters and written fee policies. Depending on the engagement, we may serve as a discretionary ERISA 3(38) Fiduciary Investment Manager or as a 3(21) Co-Fiduciary Advisor, working alongside your retirement plan committee to support a disciplined oversight process.

Plan Design and Strategic Consulting

We provide retirement plan design and consulting support to help employers evaluate whether their plan structure aligns with business objectives, workforce needs, and long-term participant outcomes. This may include reviewing contribution features, eligibility provisions, investment menu structure, and other plan design considerations that can influence employee engagement and retirement readiness.

Investment Selection, Management and Ongoing Monitoring

Waverly assists with investment manager searches, selection, and ongoing monitoring to help plan sponsors maintain a thoughtful and well-documented investment review process. In our role as a 3(38) investment manager, we may also manage age-based and risk-based model solutions, helping align investment options with participant needs, risk considerations, and the plan’s investment policy.

Recordkeeper and Provider Search Support

We help plan sponsors conduct recordkeeper searches, evaluate provider capabilities, assist with provider selection, and coordinate ongoing service relationships. This support is designed to help employers better understand service models, administrative capabilities, participant tools, fee structures, and overall provider fit as they manage the operational needs of their retirement plan.

Plan Fee Benchmarking and Committee Reviews

Waverly benchmarks and evaluates plan fees to help sponsors better understand the reasonableness of plan costs and the services provided in exchange. We can also facilitate quarterly or semi-annual plan committee meetings and reviews, offering recurring support around investment performance, provider services, plan fees, participant engagement, and other key oversight topics.

Participant Education and Employee Engagement

We provide participant education designed to help employees better understand their retirement plan, investment options, and long-term planning considerations. This may include group education meetings, quarterly participant newsletters, investment performance updates, and one-on-one participant consultations to help employees make more informed retirement planning decisions and stay focused on their long-term financial goals.

Alignment & Oversight

Retirement Plan Support Aligned With Your Business

Whether your business needs a comprehensive 401(k) plan solution or investment advisory support alongside an existing recordkeeper, Waverly can help you evaluate the right path forward. We take time to understand your plan goals, service needs, participant considerations, provider relationships, and fiduciary responsibilities before helping you determine which service model may best align with your organization.

FAQs

Corporate Retirement Plan Answers for What Matters Most

Retirement plans that work for your business—and the people behind it.

What are corporate retirement plan services?

Corporate retirement plan services help businesses design, manage, monitor, and support workplace retirement plans such as 401(k) plans. Services may include investment selection, fiduciary support, plan administration coordination, employee education, recordkeeper coordination, provider reviews, and ongoing plan assessments.

What is the difference between 401kComplete and Retirement Plan Management and Advisory Services?

401kComplete is a comprehensive service model in which Waverly serves as an ERISA 3(38) investment fiduciary and takes responsibility for certain investment management decisions. Retirement Plan Management and Advisory Services focus on investment selection, monitoring, and plan review support while outside recordkeepers or custodians handle back-office plan operations.

What does an ERISA 3(38) investment fiduciary do?

An ERISA 3(38) investment fiduciary has discretionary authority over certain plan investment decisions, which may include selecting, monitoring, and replacing investment options. Plan sponsors retain responsibility for prudently selecting and monitoring the fiduciary relationship.

How can employers evaluate whether their retirement plan is working well?

Employers can evaluate a retirement plan by reviewing investment options, plan fees, provider services, employee participation, plan design, participant education, and administrative processes. A retirement plan assessment can help identify areas where the plan may benefit from additional review or support.

Why is employee education important for a 401(k) plan?

Employee education can help participants better understand how their retirement plan works, why contributions matter, and how plan features may support long-term retirement goals. Clear education may also help improve confidence, engagement, and informed decision-making among employees.

How often should plan sponsors review their 401(k) plan?

Plan sponsors should review their 401(k) plan periodically to evaluate plan effectiveness, investment options, fees, provider services, participant engagement, and compliance-related responsibilities. The appropriate review cadence may depend on the plan, provider relationships, and business needs.