What We Do

Fiduciary Expertise to Meet Your Needs

According to the US Department of Labor:

“Fiduciaries have important responsibilities and are subject to standards of conduct because they act on behalf of participants in a retirement plan and their beneficiaries. These responsibilities include:

  • “Acting solely in the interest of plan participants and their beneficiaries and with the exclusive purpose of providing benefits to them;
  • “Carrying out their duties prudently;
  • “Following the plan documents (unless inconsistent with ERISA);
  • “Diversifying plan investments; and
  • “Paying only reasonable plan expenses.”

In our role as fiduciary, Foster & Wood acts as the discretionary ERISA Section 3(38) Investment Manager for the firm’s clients. We perform all of the duties specified above, and offer much more.

Plan Design

Foster & Wood can bring best-practice expertise to your company’s plan design, to create a retirement plan that adheres to all ERISA regulations and:

  • Aligns with your company’s growth prospects
  • Reinforces your company’s values
  • Helps encourage your employees to be high achievers
  • Helps to retain top performers
  • Other parameters unique to your business or industry

High-performance, low-cost investment options

At your plan’s onset and going forward, Foster & Wood develops prudent investment strategies that mitigate responsibility, exceed ERISA’s prudence standards and are easy to understand –– regardless of employees’ previous investment experience.

Personalized advice

Both Tim Wood and David Foster meet with employees and executives to offer personalized financial advice. Foster & Wood will conduct on-site enrollment sessions at your company’s location(s), with the opportunity for employees to meet for one-on-one discussions.

Optimize efficiencies

Foster & Wood develops retirement plans that operate with maximum efficiency. We look for opportunities to:

  • Leverage technology and automation to reduce human error, and the time and effort required of your HR and payroll professionals to operate your plan
  • Provide employees with a self-service portal to manage and monitor their retirement savings performance
  • Remain concerned and involved, making sure that all aspects of your plan continue to run optimally.
Foster & Wood- What We Do