Operational Excellence
Third Party Plan Administration
We deliver detail-driven pension administration tailored to the unique needs of defined benefit plans for over 125 public pension plans nationwide. Our team-based service model ensures every calculation, communication, and compliance requirement is handled with precision – giving boards and sponsors confidence that their plan is being administered the right way.
Here is what we offer:
- Proactive member service and communication
- Expertise in retirement processing, plan provisions, and compliance
- Dedicated service teams providing consistent, responsive support
- Trusted advisor to boards, staff, and plan vendors
- Secure online portal with tools for retirement estimates and projections, enhancing transparency and member engagement
Operational Assessments
A fresh perspective can help your organization build on what's working well while uncovering new opportunities for improvement. Foster & Foster's Operational Assessment provides an independent review of your operations, evaluating processes, technology, compliance, governance, and member service. The result is a practical roadmap that recognizes your strengths and provides actionable recommendations to help your organization operate more effectively.
Our assessment may include:
- Operational workflows and efficiency
- Technology and process improvements
- Compliance and governance practices
- Member service and engagement
- Prioritized recommendations and implementation strategies