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Retirement Plan Consulting Program

The Retirement Plan Consulting Program (RPCP) is a fee-based initiative that allows qualified advisors to provide consultation and advice to plan sponsors using the LPL Financial corporate RIA. In a world where clients are demanding full fee transparency, regulatory and fiduciary know-how, and substantial retirement plan knowledge, RPCP offers a fully 408(b)2-compliant solution for an advisors’ current and future book of business.

A Valuable Fiduciary Solution
As the first in the marketplace to offer this flexible and powerful fiduciary solution, LPL Financial Retirement Partners knows that expertise and experience drives results. As an ERISA 3(21) fiduciary under this program, advisors will be armed with a multitude of best practices to offer defined contribution plans—practices that will help clients navigate a maze of complicated regulatory issues.

Benefit from a Complete Suite of Services
Full fee transparency and an ongoing attention to fiduciary duties dictate that retirement plan advisors become prepared for more scrutiny from plan sponsors and investment committees. As an approved advisor in RPCP, you can show your value through an array of co-fiduciary services including:

  • Investment Policy Statement assistance
  • Ongoing investment monitoring
  • Assistance with changes in investment options
  • Performance reports
  • Ongoing investment recommendations
  • Education services to plan committee
  • Participant education and enrollment (compliant advice programs)
  • 404(c) assistance
  • Qualified Default Investment Alternative (QDIA) assistance
  • Plan search support/vendor analysis
  • Errors and Omissions (E&O) insurance coverage ($10 million/$50 million)