SMART PLAN – Delegated Fiduciary Services for the Small 401(k) Plan
DiMeo Schneider & Associates’ SMART PLAN service offers a solution for smaller retirement Plan Sponsors. With this service, we accept and acknowledge discretionary authority over your Plan’s investment options as a 3(38) investment manager which allows you to mitigate risk by delegating significant responsibility related to your Plan’s investments allowing you more time to focus on strategy and your core business. SMART PLAN is your complete retirement plan solution.

Why You Should Consider SMART PLAN

Your Complete Retirement Plan Solution

  • Enhanced fiduciary protection
  • Optimal investment menu
  • Top-tier recordkeepers
  • Competitive recordkeeping/investment costs
  • Fiduciary and governance process

How SMART PLAN works

3 Simple Steps for Fiduciaries:  

1. Review your recordkeeper

2. Choose an investment menu design

3. DiMeo Schneider selects investment managers

Enhanced Fiduciary Oversight
DiMeo Schneider acts as a 3(38) fiduciary to provide:

• Investment Policy Statement (IPS)
• Document retention
• Benchmarking and monitoring for reasonable fees
• Fiduciary governance and documentation

Reduce Administrative Complexity
Top-tier recordkeepers ensure compliance and provide administrative services such as:

• Integrated payrolls
• Testing
• Participant education
• Participant notices
• Digital and mobile solutions

Better Outcomes
• Goal of increased participant savings
• Save smart
• Improve retirement readiness

SMART PLAN offers DiMeo Schneider’s fiduciary services including responsibility for selecting the plan’s investments, oversight and monitoring of the plan lineup. SMART PLAN also includes three experienced recordkeepers and industry leaders in plan administration and recordkeeping services.

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