Educational Institutions

The educational institutions we serve include colleges, universities, and independent schools. These institutions must now operate their defined contribution retirement plans – 403(b), 401(a), etc. – in an environment characterized by heightened fiduciary scrutiny. FIA, acting as independent investment advisor and co-fiduciary, draws from its twenty years of serving defined contribution plan sponsors to assist these institutions in navigating their fiduciary obligations.

Educational retirement plan sponsors typically engage FIA to consult on a full retainer basis. Educating an institution’s designated fiduciaries on the current defined contribution landscape, as well as best practices in meeting their roles and responsibilities, plays a significant role in our process. Moreover, our educational clients rely on the advice we provide regarding committee formation and charter development, investment policy construction, fund menu design, fund selection, performance monitoring, and strategies for effectively communicating with and educating their employee populations. In addition, these clients highly value the advice we provide on other equally important aspects of 403(b) plan oversight, including plan vendor due diligence, full fee disclosure analysis, fee benchmarking and negotiation, legislative changes, and fiduciary best practices.

FIA partners have worked with tax exempt clients for over two decades, both as clients and through FIA’s community involvement. Our employees serve on numerous non-profit boards and committees, including schools, and understand the needs of non-profit organizations from the client side. In addition, FIA gives back to the non-profit community not only through financial donations, but through volunteerism. Please see FIA Gives Back.

Having served the unique needs of non-profits for many years, we are distinctively positioned to tailor our service models to meet each school’s culture and demographic. We are members and sponsors of various CUPA-HR chapters, have spoken at NACUBO at a national and regional level, and have been published in national retirement industry publications about our work with 403(b) plans. Learn more about our nonprofit speaking engagements.

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