What Makes Fragasso’s Retirement Plan Advisors Team Different?

Daniel Tatomir

November 27, 2023

Dan Tatomir

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One of the ways that we at Fragasso set ourselves apart from others in our industry is to have various departments specializing in unique areas of financial services. This is intentional and aimed at delivering the high level of specialized service that our clients seek and we feel they deserve. That is why over a decade ago, Fragasso formed a department of professionals focused on company-sponsored retirement plans – Fragasso Retirement Plan Advisors.

Retirement plan advisors work with businesses and organizations to assist with plan design considerations, provider selection, employee education, and fiduciary adherence. There are many questions that plan sponsors must answer in reviewing their retirement plan, and we have the knowledge and expertise to serve plan sponsors.

Accredited By:

Daniel Tatomir
Vice President Retirement Plan Services & Business Exit Advisor
Daniel Tatomir
CExP®, AIF®

Dan brings more than 25 years of industry experience helping organizations design and manage effective retirement plans. Dan specializes in employer-sponsored retirement plans for private companies and nonprofit organizations, partnering with plan sponsors to align plan design, provider selection, and investment oversight with the organization’s goals and fiduciary responsibilities. Working closely with Fragasso’s portfolio management […]

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This article has been reviewed for accuracy by Fragasso's leadership team and accredited by Daniel Tatomir to help ensure the information reflects current financial planning and wealth management principles.

Dedicated Retirement Plan Department

Firm Difference

Fragasso’s Retirement Plan Advisors focus solely on helping businesses and organizations with the creation, design, and administration of their retirement plan.

What it means to you

  • We have the expertise to advise our clients through the myriad of decisions faced to ensure the plan is set up appropriately for the company and its employees.
  • Fragasso can help ensure the right retirement providers are selected to deliver the services that both plan sponsors’ and participants’ desire.
  • Fragasso can benchmark plan related fees to ensure they are appropriate for the services offered – fulfilling an important fiduciary duty.

Customized Plan Design

Firm Difference

Plan design is a key determinant of how successful a plan will be at meeting its goals. There is not a “one size fits all” solution to setting up a retirement plan. We seek to understand the unique goals our clients have for the plan which could include maximizing contributions to ownership and key personnel, providing employees an incentive to save for retirement, and recruiting and retaining talented employees.

What it means to you

  • Clients can feel confident the design of their plan is aligned with the goals they want to achieve.
  • Since businesses and workforces evolve over time, we provide consistent annual oversight to review the current design and proactively make any needed change or updates.

Investment Selection and Monitoring

Firm Difference

Employees should be able to create a diversified portfolio in their retirement plan account regardless of their risk comfort level. However, selecting investments for a retirement plan lineup is different than choosing investments for a personal portfolio. Investments that can easily be misunderstood or misused are not the most appropriate in a retirement plan. Hiring professionals that understand these differences who will also serve as an investment fiduciary to the plan – not all can or will – is a way to improve plan services as well as a way to mitigate liability from plan sponsors.

What it means to you

  • Fragasso will select an investment lineup that will allow employees to build the wealth needed to meet future financial goals.
  • Fragasso will serve the plan as an investment fiduciary shifting investment liability away from plan sponsors.
  • Ongoing, regular monitoring by Fragasso Retirement Plan Advisors provides confidence in the plan’s investment lineup and it enables plan sponsors to focus time and efforts on their business.

Employee Education and Communication

Firm Difference

Fragasso Financial Advisors has been educating investors on the principles of retirement saving for decades. Investors who understand the basic concepts of saving and investing have a better chance of achieving their long-term goals, so we work with our clients to structure an education strategy unique to their needs:

  • An education and communications plan are tailored to the demographics and needs of your workforce.
  • Group meetings, virtual or in-person, are focused on core concepts such as the importance of savings, benefits of the plan, and best practices on plan usage.
  • Individual one-on-one meetings give employees the opportunity to ask questions and discuss their account and savings goals.

What it means to you

  • Fragasso will educate employees to help increase participation and boost savings rates to position employees to have a better opportunity to meet their retirement goals.
  • Employees can speak with Fragasso’s Retirement Plan Advisors whenever they have questions or concerns to use their retirement plan more effectively, so company owners and controllers can focus on their duties.

Fragasso Retirement Plan Advisors is here to help ensure our clients’ plans are set up, designed, and administered in a way that meets the needs of the company and helps employees work towards their unique retirement goals. If you make decisions related to your company’s plan, and you would like a second opinion, I’d welcome the conversation. We operate in full transparency and will seek the best solutions for you and your participants.

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