What is a Chief Retirement Officer?

What is a Chief Retirement Officer?

The Chief Retirement Officer has the responsibility of making sure that employees are saving enough, investing properly and utilizing their resources so that they have enough money to retire on time. An employer with a workforce ready to retire at age 65 will have lower health care costs, workers comp, absenteeism and wages, along with higher productivity.

Why Hire a CRO?

A CRO acts as a strong leader for management, a company advocate with third-party service providers as well as a coach/educator for plan participants.

Here are a few of the other services we can provide:

  • Outsource your plan management tasks: We guide you in selecting the service providers that offer the right service, at the right price, for your plan.
  • Greater fiduciary protection: We assume the fiduciary responsibility as the 3(38) discretionary investment manager over your plan’s investments.
  • Extensive menu of investment options: As an independent firm, we select investments from many of the best money managers.
  • Knowledgeable, personalized support: Our financial advisers provide in-person employee education and guidance.
  • Goal-oriented leadership: We are committed to leading sponsors and participants toward their long-term goals.
  • Transparent fee benchmarking: See itemized fees being paid for all service providers and benchmark them against industry averages.