401(k) Plan Due Diligence
D. Hilton offers 401(k) Due Diligence as part of its Retention and Retirement Practice and can assist your credit union in determining the competitiveness of your 401(k) plan offering. Studies have shown that employee satisfaction is directly related to the perceived quality of an employee’s benefits package. Regular evaluation of all aspects of your credit union’s benefit offerings ensures continued employee engagement. D. Hilton’s 401(k) Due Diligence process includes:
- A full assessment of the credit union’s current 401(k) including expenses, fiduciary standards and procedures, plan eligibility and enrollment, vesting schedules, compliance history, and current vendor service.
- D. Hilton Associates will solicit new vendor providers, conduct vendor interviews, and complete a full assessment of each provider based on organization and history, client services, administration, regulatory services, loans, reporting, system capabilities, trustee services, expenses and more.
