ARPA’s holistic advisory process has 6 major components:
Investment Due Diligence
ARPA utilizes a proprietary Scorecard System that incorporates 15+ quantitative and qualitative metrics is presented quarterly to the committee as an easy 10 point scoring system.
ARPA’s program provides resources as a means to identifying potential weaknesses in your plan and remedy through education, diligence and process.
ARPA’s B3 Provider Analysis report includes 400+ data points in key areas: Recordkeeping, Total Plan Cost, Investment Management, Compliance, Employee Education and Technology, all of which allows for an apples to apples comparison report to the committee.
Target Date Fund Consulting & Risk Analysis
Risk based analysis to ensure the proper selection of a new or existing TDF. Since most TDF serve as the plan Qualified Default Investment Alternative (QDIA), due diligence of the TDFs should be done every couple of years.
Plan Design/Behavioral Health
The ARPA team leads the committee through a behavioral health audit to assess the design of the plan in order to improve participant outcomes through positive choice architecture, plan design and match optimization.
Financial Wellness Education
Providing employee with access to financial wellness education is a priority. Personal financial issues and debt are the leading causes absenteeism and workplace stress. Employee deserve tools that meet them where they are today. Financial wellness focuses on budgeting, emergency funds, credit cards debt, basis financial management and financial stewardship.