--- title: "New Guide: Choosing the Right Retirement Plan Consultant" description: Guide to choosing a fiduciary retirement plan consultant, ensuring compliance with ERISA, avoiding conflicts of interest & enhancing participant outcomes. image: https://blog.multnomahgroup.com/hubfs/Social_Choosing%20the%20Right%20Retirement%20Plan%20Consultant.jpg --- [![Multnomah Group](https://blog.multnomahgroup.com/hs-fs/hubfs/canoe/logo-color.png?width=415&name=logo-color.png "Multnomah Group")](https://www-multnomahgroup-com.sandbox.hs-sites.com) [Careers](https://www.multnomahgroup.com/careers) Follow Us: [![Contact Us](https://no-cache.hubspot.com/cta/default/309123/8ea0f5b0-6d32-4c0c-be03-e645ed736c36.png)](https://cta-redirect.hubspot.com/cta/redirect/309123/8ea0f5b0-6d32-4c0c-be03-e645ed736c36) # New Guide: Choosing the Right Retirement Plan Consultant July 22, 2025 As a retirement plan sponsor, your fiduciary responsibilities under ERISA are clear: act in the best interests of your participants with care, skill, and diligence. But when it comes to selecting and monitoring fiduciary retirement plan consultants, the process can be anything but clear. That’s why we created “Choosing the Right Retirement Plan Consultant: Independence, Transparency & Fiduciary Duty," a practical, easy-to-use guide that helps plan sponsors make informed, compliant decisions. What’s Inside the Guide? - A clear breakdown of ERISA 404(a)(1)(B) and what it means for consultant selection - How to spot red flags in Form ADV disclosures (Items 6, 7, 11, and Schedule A) - Common conflicts of interest—and how to avoid them - A customizable RFP template to streamline your evaluation process - Key attributes to look for in a fiduciary consultant, including independence, transparency, and regulatory readiness Why It Matters Choosing the wrong consultant can expose your plan to legal, financial, and reputational risk. This guide helps you cut through the noise and focus on what truly matters—fiduciary alignment, transparency, and participant outcomes. Download the Guide Whether you're reviewing your current consultant or starting a new search, this guide gives you the tools to evaluate with confidence. [Download the guide now](https://www.multnomahgroup.com/choosing-the-right-retirement-plan-consultant) and strengthen your fiduciary process. --- Multnomah Group is a registered investment adviser, registered with the Securities and Exchange Commission. Any information contained herein or on Multnomah Group’s website is provided for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.   Investments involve risk and, unless otherwise stated, are not guaranteed.  Multnomah Group does not provide legal or tax advice.  Any views expressed herein are those of the author(s) and not necessarily those of Multnomah Group or Multnomah Group’s clients. ### Subscribe To Our Blog [Contact](https://www.multnomahgroup.com/about-us/contact-us) [(888) 559-0159](tel:8885590159) [1155 SW Morrison Street, Ste 501, Portland, OR 97205](https://www.google.com/maps/place/1155+SW+Morrison+St+Suite+501,+Portland,+OR+97205) © 2026 Copyright Multnomah Group Inc.