Woodhull Capital Advisors, LLC is a New York metropolitan area fee-only registered investment advisor. For the services which we provide to employer sponsored retirement plans, we have partnered with a national firm which manages over two billion dollars in assets for roughly 120 plans. We provide services in the following areas:
The strengths of our unbiased approach lie in our experience in using cutting edge tools in the areas of benchmarking and analysis. We ensure that your plan’s service providers are delivering the highest quality products and services at the most competitive total plan cost. Essentially, we are shoulder to shoulder with the plan sponsor and not the service provider. This all results in providing plan participants with lower fees and improved services.
The employer sponsored retirement plan is a great employee benefit which rewards tenure. It provides valued employees with a significant pool of retirement funds. A participant’s plan is almost always their largest retirement savings asset. However, we believe that merely providing a retirement plan and telling employees of its’ existence is not enough. It is also important to educate these employees in proper financial behavior. This education goes far beyond the typical investment seminar education.
The plan sponsor can also achieve proper participant financial behaviors through plan design. We work with plan sponsors to develop a plan design that meets their organization’s unique objectives. This design helps the plan sponsor to meet and uphold current Department of Labor and Internal Revenue Service regulations. We do this while ensuring the plan provides benefits competitive with their peers. Plan design coupled with financial education of the participants produces a more successful retirement planning experience through increased levels of participation.
Specific individuals associated with an employer sponsored retirement plan have personal liability for the assets help in that plan. These individuals need to understand how to fulfill their fiduciary roles. We provide education and continuing guidance to these individuals, helping them take the proper action steps toward full compliance.
The most important fiduciary responsibility is selecting and overseeing the plan’s investment alternatives. This directly impacts the participants’ investment outcome. We help the retirement plan committee achieve a positive result by identifying and monitoring suitable investment alternatives. This helps participants to control risk while increasing the likelihood of achieving their retirement goals. We can assume fiduciary responsibility as either as a 3(38) Investment Manager or as a 3(21) Co-fiduciary Advisor.