Our Services

Professional guidance, smart advice, decades of experience. Idaho Financial Group provides a wide range of services to help you pursue your financial goals and dreams.

Our initial consultation will provide us with the details and information we need in order to suggest which services and steps make sense for you. We offer dynamic investment service and look forward to learning more about your situation and helping you plan your future financial well-being!

Plan Design Assistance
Support services to aid in defining features for a plan.

  • Plan design education – Working with plan sponsors on various aspects of plan design, including elective and matching contributions, vesting, Qualified Default Investment Options, and voluntary and automated enrollment processes.

  • Plan provider assistance with – Evaluating bundled or unbundled retirement plan service providers, including record-keepers, third party administrators, trustees, custodians, investment companies and legal and accounting professionals.

Investment Services
Investment advisory consulting services to aid in establishing and documenting processes for establishing a plan’s asset allocation and evaluating, selecting, monitoring and replacing investment options.

  • Investment policy statement support – Preparation assistance, review, or assitance with modifying a formal investment policy statement that defines specific processes to be used for evaluating, selecting, monitoring, reviewing and changing a plan’s asset allocation and investment options.

  • Asset allocation – Analyzing employee demographics and the current plan lineup to recommend an appropriate mix of asset classes and investment styles that can address needs of participants with varied investment goals, life-stage challenges and investment knowledge.

  • Manager evaluation and selection assistance – Using independent and prudent processes for researching, evaluating and recommending a diversified, cost-efficient lineup of active and/or passive investment options for the plan.

  • Performance monitoring and reporting – Evaluating and reporting performance and risk characteristics of the plan’s investment options and recommending changes where appropriate.

  • Qualified Default Investment Alternative assistance – Providing resources and plan sponsor support with researching and understanding QDIA options and suitability requirements for participants who do not make investment elections or re-enrolled automatically.

  • Investment reviews – Conducting and presenting quarterly and/or annual reviews of the plan’s investments to evaluate performance, risk characteristics and expenses, and recommend changes where appropriate.

  • Concentrated stock education – Helping participants with overexposure to company stock prudently understand these holdings and manage volatility and business risk over time.

  • Retirement income planning – Working with pre-retirees or those approaching age 70 ½ to evaluate their retirement income needs and implement strategies for managing, spending and investing voluntary or mandatory distributions from their retirement accounts.

  • Participant education services – Working directly with participants to help them evaluate their retirement savings goals and implement appropriate contribution and investment decisions.

Employee Education Services
Online and print resources and one-on-one meeting services to encourage enrollment and help participants choose appropriate deferral rates and investment elections.

  • Employee enrollment – Leading or co-presenting enrollment meetings and/or providing online or printed educational materials to encourage participation and help employees choose appropriate deferral rates and investment elections.

  • Investor education – Providing a broad range of targeted online or printed investment education materials that address the varied needs of investors with different financial goals, life-stage issues, and levels of investment knowledge.

  • Investment assistance – Providing participants with access to online or offline retirement planning tools to help them make appropriate contribution and investment election decisions.

  • ERISA 404(c) education – Providing participants with detailed and timely information on the plan’s investment options to help facilitate compliance with ERISA 404(c) regulations, if appropriate.

Fiduciary Services

Consulting services to help assess a plan's compliance with ERISA fiduciary requirements or assist plansponsors in managing these responsibilities.

  • Fiduciary reviews – Conducting a detailed review of the plan to help assess its current compliance with ERISA’s fiduciary requirements and identify areas requiring remediation.

  • Plan benchmarking – Comparing a plan’s services, investments, features and fees versus those of comparable plans in similar-sized organizations.

  • Fee reporting and analysis – Providing detailed listings and explanations of all fees paid by the plan and participants to all service providers, advisors and investment companies, and identifying appropriate opportunities for cost-savings.

  • ERISA 404(c) compliance review assistance – Evaluating the plan’s compliance with ERISA 404(c) standards of appropriate investment diversification and investment information that enable the plan to transfer liability and responsibility of investment decisions to participants.

 


For Plan Sponsor Use Only – Not for Use with Participants or the General Public

This information was developed as a general guide to educate plan sponsors, but is not intended as authoritative guidance or tax or legal advice.  Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.  In no way does advisor assure that, by using the information provided, plan sponsor will be in compliance with ERISA regulations.