Tejera & Associates, LLC

Consultants to Retirement Plan Sponsors



Representative Achievements

Below are examples of the results achieved for clients that illustrate the value Tejera & Associates can deliver.

> Negotiated with the incumbent recordkeeper to process 401(k) eligibility determination for a Fortune 200 retailer, resulting in $500,000 of annual savings in staff and systems support.

> During the course of a recordkeeper search, discovered the need to replace the current broker/advisor commission arrangement with an independent investment consultant, identified a short list of viable candidates, supported the evaluation and selection of the investment consultant, and fast-tracked the involvement of the investment consultant onto the search team.

> Oversaw the conversion of a $250M plan to a new provider, implementing process improvements and identifying compliance problems within IRS/DOL voluntary correction program requirements.

> Restructured recordkeeping, investments, and revenue sharing arrangements to reduce administration costs 40% and introduced a tiered direct fee which emphasized transparency and improved participant understanding.

> Marketed the 401(k) plan of a rapidly growing high tech firm and successfully negotiated fees based on future plan growth, resulting in elimination of direct participant fees, a 30% fee reduction, and a re-invigorated employee communication campaign.

>Managed a simultaneous review of different service providers (investment consultant, actuarial, plan adminsitration) for a active defined benefit pension program to ensure appropriate services were being provided for a reasonable fee.