Participant-Directed Defined
Contribution Plan Services


Doing the right thing for
your retirement plan. Always.


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Specialized Solutions for Your
Organization’s Retirement Plan

You are focused on providing your employees a retirement plan that meets their unique needs. With a customizable suite of investment advice, employee education, and fiduciary support, let us help you get there.

Our Approach:  Our service teams provide you with products, services, and experience, all tailored to help meet your fiduciary obligations and fit the needs of your employees. In fact, we’ve found many of our clients don’t just want to meet their obligations – they want to exceed them. That’s why they choose PNC’s Fiduciary Investment Services and Employee Education Solutions.



Fiduciary Investment Services

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Growing Scrutiny Over Investment Selection and Monitoring

As the sponsor of a participant-directed retirement plan, you have no shortage of responsibilities. Selecting and monitoring an appropriate investment menu and providing related services suitable to your employees' unique needs is just the beginning. You’re also responsible for making sure fees are reasonable based on the service provided.

We offer support in managing these critical responsibilities and can help you select and monitor your retirement plan’s investment lineup with confidence.

  • Fiduciary protection with flexible solutions
  • Prompt and consultative reporting and insights
  • Backed by years of investment experience

Two Types of Fiduciary Investment Services 

3(21) Investment Advisory Service

We support you with the analytics and education you need to manage the investment selection and monitoring process, while you retain discretion over your plan’s investment lineup. Through our rigorous quantitative and qualitative screening process, we develop two approved lists: one, a broad list of fiduciary-approved investment options; the other, a refined list of the top funds in each asset category, for you to consider for your plan’s investment lineup.

3(38) Investment Management Service

You transfer discretion over your plan’s investment lineup to us. We assume responsibility for selecting, monitoring, and, if necessary, removing and replacing your plan’s investment options. You may opt for one of three types of investment lineups based on your plan’s demographic profile. The options vary by number of asset classes and investor risk tolerance.

  • Rigorous Ongoing Monitoring and Documentation
    Our solution was built to save you time and to help protect your organization with a well-documented and thorough selection and monitoring process. We provide you with prompt, insightful, quarterly reporting with fund performance and fiduciary monitoring results in one consolidated report.

    We provide a template Investment Policy Statement (IPS) that includes a description of our fiduciary due diligence process. We collaborate with you in the review and customization of your IPS, including assistance with updates as necessary.

  • Value-Added Benchmarking and Compliance Assistance
    We offer a retirement plan fee and service comparison through an independent third party, which provides a balanced view of fee reasonableness and provider quality. While you have ultimate responsibility for assessing and negotiating reasonable fees from your retirement plan service providers, the information provided assists in this evaluation by using a proprietary process for highlighting the most relevant data and statistics.

  • Fiduciary Indemnification
    When using the approved investment options offered through our Fiduciary Investment Services, our clients can expect protection from liability arising from third-party claims asserting a failure to exercise the appropriate standard of care under ERISA with respect to the selection and monitoring of the plan’s investment lineup.



Employee Education Solutions

Woman leading a training seminar

Organizational Success Through Retirement Readiness

You are motivated to help your employees become retirement ready because you care about their wellbeing and you know recruiting top talent, retaining talented employees, and improving your workforce’s financial wellness are vital to the success of your organization. We can help your workforce become better equipped for retirement by taking a holistic approach to employee education, while minimizing your administrative burden and delivering targeted campaigns designed to achieve the employee financial success goals you identify. Our comprehensive suite of solutions was developed to meet the diverse needs of your workforce by providing employees robust resources that deliver measurable results for your organization.

 

Team attending seminar

Consultative Education for Your Unique Workforce

Despite best efforts, your employees may still be underprepared for retirement. Education Consulting Services, our core employee education offering, provides customizable instruction to assist individuals along their path to retirement readiness. Our client-centric process focuses on understanding the strengths and weaknesses of your workforce and on working with you to develop and implement a formal annual education campaign to achieve goals you help identify. Tailored solutions designed to support your workforce’s unique needs include in-person employee meetings, webinars, employee surveys, written communications, and more.

 

Two-person meeting

Targeted Educational Outreach with Personalized Engagement

Your employees may be inadequately invested in your retirement plan because they are overwhelmed or confused by its features. We created Retirement 1-on-1® with the goal of elevating retirement readiness for individuals not fully engaged in your plan along with eligible employees who have not yet enrolled. We analyze plan data to identify specific target groups who are then offered proactive, personalized, in-depth consultation via telephone with a real person who can help each employee successfully navigate your plan and work toward maximizing their investments. 

 

Person doing online training

Comprehensive Financial Training with Incentivized Learning

Your employees may be struggling to meet basic expenses or may not know where to begin when it comes to saving for a mortgage or college expenses. This can cause financial stress that can affect their ability to save for retirement and workplace productivity. The PNC Financial Wellness Achievement CenterSM provides educational resources curated to fit the needs and interests of each employee based upon their unique profile and individual behavior. The interactive digital platform incentivizes learning with a points system designed to motivate engagement with personalized learning tools. Extensive analytics provide insight into employee usage and progress toward goals, which can be used to inform future employee education.
 

Insights

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Consolidated Appropriations Act of 2021

Legislation extends disaster policies and improves clarity for retirement plans

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DOL Issues Missing Participant Guidance

Plan sponsors will want to review direction for avoiding exposure to enforcement actions

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Contact Us

PNC helps organizations with their retirement plans.

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Important Legal Disclosures & Information

The PNC Financial Services Group, Inc. (“PNC”) uses the marketing name PNC Institutional Asset Management® for the various discretionary and non-discretionary institutional investment, trustee, custody, consulting, and related services provided by PNC Bank, National Association (“PNC Bank”), which is a Member FDIC, and investment management activities conducted by PNC Capital Advisors, LLC, an SEC-registered investment adviser and wholly-owned subsidiary of PNC Bank. PNC uses the marketing names Retirement 1-on-1® and PNC Financial Wellness Achievement CenterSM for employee education services provided by PNC Bank. PNC does not provide legal, tax, or accounting advice unless, with respect to tax advice, PNC Bank has entered into a written tax services agreement. PNC Bank is not registered as a municipal advisor under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

“PNC Institutional Asset Management” and “Retirement 1-on-1” are registered marks, and “PNC Financial Wellness Achievement Center” is a service mark, of The PNC Financial Services Group, Inc.

Investments: Not FDIC Insured. No Bank Guarantee. May Lose Value.

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