Retirement Plan Sponsors
Our goal is to create successful retirement plan experiences for Plan Sponsors and Participants.
Our Approach
With many years of experience in corporate retirement plans, we serve as your company’s advocate – helping you to connect your goals with the resources you need to accomplish them. Our approach is based on a business model supported by three core pillars: Simplicity, Focus and Balance.
1. Simplicity
- Evaluate your current retirement plan, a process that includes identifying places where you may be paying hidden and unnecessary fees
- Vendor benchmarking
- Maximize tax benefits
- Protect you and your company’s fiduciaries from unnecessary litigation
- Write a Request for Proposal (RFP) and analyze proposals to make sure you obtain the best solution
- Monitor your plan investments
- Educate and motivate your employees to participate
2. Focus
- Think of us as one of your employees — one who just doesn’t happen to have an office on site.
- Our expertise is in helping you get the results you want, and helping you understand the complex rules and regulations.
- We sit on your side of the negotiating table to find the best retirement plan solution for your company.
- Once your plan is implemented, we monitor it regularly to make sure it continues to meet your company’s goals and objectives over time.
- That leaves you free to focus on what you do best: running your business.
3. Balance
- Like many business owners, you are likely concerned about plan costs.
- Often, we are able to uncover places where you are paying unnecessary expenses and use that money to reduce your plan’s future expenses and cover other plan fees.
- Our Retirement Plan Diagnostic™ is conducted at the outset of our relationship and then, on a regular basis, to determine if there are opportunities for cost savings or program enhancements. This allows us to identify strategies and elements that may have been overlooked or not kept current.
Our Process
We use a six-step process to help Plan Sponsors bridge the gap between planning and execution. Whether you are seeking cost-effective ways to offer attractive retirement plans to your employees and executives, or wish to optimize your plan’s management and performance, we provide a disciplined approach and employ unique analytical tools to connect your goals to results.
1. The Retirement Plan Diagnostic
We help you to define your organization’s benefit plan and investment objectives, and review your existing program using our Retirement Plan Diagnostic.
2. The Retirement Plan Design
Based on our review and analysis, we design the plan. With existing plans, we recommend opportunities for cost savings or benefit enhancements by identifying strategies and elements that may have been overlooked or not kept current.
3. The Fiduciary Shield
We help you meet your fiduciary responsibilities and control risk by developing a formal Investment Policy Statement. The IPS is based on your plan design and benefit structure, and establishes clear, objective criteria for selecting and monitoring investment managers and asset management strategies.
4. The RFP Manager
We sit on your side of the negotiating table to walk you through the RFP process. We help you manage the flow of information and analyze and compare proposals to guide you in making informed and knowledgeable decisions about providers such as custodians and third party administrators.
5. The Education Experience
We manage every step of the transition from your current retirement program to your new program. We enroll your employees and educate them about the benefits of their new program. We engage their interest and participation through regular education and financial planning briefings.
6. The Wealthcare Monitor
We manage the health and welfare of your retirement program over its lifetime, advising you of regulatory changes, program enhancements and investment due diligence. We regularly perform Diagnostic Reviews to continually gauge your program’s performance in light of changing regulations, market conditions and your company’s situation.
Focused Solutions
Through our years of experience working with corporate retirement plans, we have acquired a broad-based knowledge of pricing and plan providers across multiple platforms. This enables us to offer a comprehensive suite of services and allows us to guide you in making smart, objective decisions in a wide range of areas, based on your company’s goals. Several of these services include:
Recordkeeping
- Participant-level recordkeeping/accounting
- Employee and employer reports
- Tracking investment allocations/changes and contribution changes
Compliance
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Plan document
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Summary plan description
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Annual 5500 and pertinent schedules
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ERISA Plan audit (if applicable)
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Discrimination testing
Investment Management
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All available investment offerings including cash, income, hybrid and equity investments
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Open architecture
Cost Analysis
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Hard dollar fees (that are a specific amount) – paid by the employer or employees, including participant recordkeeping, compliance, loan administration, hardship and distribution fees
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Soft dollar fees (that are a specific percentage) – generally paid by employees for investment management expenses and to subsidize some or all of the administrative fees
Technology Services
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Services that enhance plan efficiency, productivity, understanding and value
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Web-based participant investment tools
- Web-based employer tools
Employee Communications
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Materials describing plan design and investing
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Enrollment kits
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Payroll stuffers, posters, memos
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Newsletters
Fiduciary Guidance
Our Fiduciary Shield™ is designed to provide guidance and tools to reduce your exposure to fiduciary liability.
Fiduciary Guidance & Support
CFOs, CEOs, Presidents and other fiduciaries have personal liability for assets in the company’s retirement plan. The following chart illustrates just a few of the fiduciary considerations required of plan sponsors under ERISA 408(b)(2) and 404(a)(5). To help you comply with these and other ERISA rules, we created The Fiduciary Shield™ guidance and tools as a means to help you reduce your exposure to fiduciary liability.
408(b)(2)
Fiduciary Duties
Investment Policy Statement (IPS)
Quantitative & Qualitative Fund Analysis
Prudently Select Investments
Consistently Implement Results
Independently Monitor Investments
Defray Reasonable Expenses
Follow Plan Document
404(a)(5)
Protection for Participant Investment Decisions
Broad Range of Investment Options
Sufficient Investment Information and Education
Description of Fees and Expenses
404(a)(5) Policy Statement and Employee Notice
Copy of Prospectus
Description of Investment Alternatives and Funds
Voting and Tender Rights (if applicable)
Are you ready to get started? Contact us today!
Broadview Financial Advisors, Inc.
Phone: 513.297.4007
Global: 888.240.4546
Fax: 513.407.3614
Email: info@broadviewfa.com
Cincinnati Office
105 W. 4th Street
Suite 314
Cincinnati, OH 45202
513.297.4007
Indianapolis Office
8250 Woodfield Crossing Blvd.
Suite 300
Indianapolis, IN 46240
317.469.1600
Fee-based planning is offered through Broadview Financial Advisors, Inc., a State Registered Investment Advisor. Third party money management is offered through Valmark Advisers, Inc., an SEC Registered Investment Advisor. Securities are offered through Valmark Securities, Inc., Member FINRA, SIPC. Broadview Financial Advisors, Inc. is a separate entity from Valmark Securities, Inc. and Valmark Advisers, Inc.