Business Details
Your Trusted Partner for Retirement Plan Improvement
Prudent Process is a specialized fiduciary service dedicated to enhancing retirement plan quality for organizations. Our disciplined approach focuses on reducing plan costs while improving investment options and communication strategies. With expertise in ERISA 3(38) investment management, we assume responsibility for selecting low-cost, high-performance funds tailored to client needs. Our four-step process evaluates service providers, optimizes investments, enhances participant communication, and ensures continuous plan improvement.We work collaboratively with record keepers to uncover conflicts of interest and negotiate favorable terms, allowing clients to focus on core business operations while we manage retirement plan complexities. Our team combines deep industry knowledge with proactive monitoring to maintain plan strength and compliance.
Services
Retirement Plan Evaluation
Investment Selection
Fiduciary Support
Cost Reduction Analysis
Participant Communication
Highlights and features
- We serve as accountable ERISA 3(38) Investment Managers with fiduciary responsibility
- Our process consistently reduces plan costs while improving investment quality
- We implement customized communication strategies for participant engagement
- Our team has specialized expertise in non-profit 403(b) plan optimization
- We provide ongoing monitoring and improvement of investment performance metrics
Associations and certifications
- ERISA 3(38) Investment Manager
Services
Retirement Plan Improvement
Our structured four-phase approach evaluates service providers, enhances investment portfolios, improves participant communication, and ensures ongoing plan improvement. We negotiate favorable terms with record keepers while maintaining fiduciary compliance. This comprehensive service helps organizations reduce costs and improve retirement outcomes for employees through continuous monitoring and data-driven decision-making.
Investment Management
As ERISA 3(38) Investment Managers, we select and monitor low-cost, high-quality investment options from a broad universe of funds. Our proactive approach evaluates performance metrics against industry benchmarks while ensuring cost-effectiveness. We implement periodic RFP processes to maintain competitive pricing and access to the latest investment vehicles available in the market.
Fiduciary Support
We provide expert fiduciary oversight to mitigate legal risks associated with retirement plans. Our services include conflict-of-interest monitoring, documentation of investment decisions, and regulatory compliance support. We help organizations meet their ERISA obligations while protecting against potential litigation through transparent processes and documented accountability.
Participant Communication
Our tailored communication strategies help employees understand their retirement benefits and make informed decisions. We evaluate organizational needs to develop effective messaging that promotes financial literacy. The service includes implementation of educational resources, advisor access, and tools that help participants navigate their retirement planning journey.
Cost Reduction Analysis
We identify opportunities to reduce plan expenses through comprehensive fee analysis and benchmarking. Our process uncovers hidden costs and negotiates better pricing structures while maintaining service quality. By comparing current arrangements against market standards, we help organizations achieve cost-effective retirement solutions that benefit both employers and employees.
People
John T. Hare
Founder & Investment Manager
John T. Hare is an Accredited Investment Fiduciary (AIF) and Certified Plan Fiduciary Advisor (CPFA) with extensive experience in retirement plan management. He specializes in fiduciary oversight and investment selection for 401(k) and 403(b) plans.
Questions
What makes Prudent Process different from other retirement plan providers?
We serve as ERISA 3(38) Investment Managers assuming full fiduciary responsibility for investment selection and monitoring, which most providers don't offer.
How can you reduce retirement plan costs?
Through comprehensive fee analysis, competitive bidding processes, and uncovering hidden conflicts of interest in existing arrangements.
Do you work with both for-profit and non-profit organizations?
Yes, we specialize in both 401(k) plans for for-profit companies and 403(b) plans for non-profit institutions.
How do you help employees understand their retirement options?
We develop customized communication strategies using educational resources, advisor access, and interactive tools tailored to each organization's workforce.
What ongoing support do you provide after plan implementation?
We provide continuous monitoring of investments, periodic RFP processes, and regular communication strategy updates to ensure long-term plan effectiveness.
