Retirement Plan Consulting
At Cambridge Capital Management, LLC our goal is to provide the best, most cost effective retirement plan solution for your organization. We strive to build relationships with employers and employees by delivering unbiased, innovative retirement programs with excellent service and technology to help you and your employees reach your retirement goals.
Our trusted custodian acts as the servicing and operations hub for the 401(k) retirement plans we support. An abundance of investment options, proprietary recordkeeping, and their passion for customer service makes them stand apart from any other custodian.
Having a trusted custodian to take care of the back office needs of each retirement plan we support allows us to focus on the ongoing consultation and guidance of the retirement plans. The following is a list of the types of services we offer to our retirement plan consulting clients:
Plan Design Services -
Plan design consulting – Working with plan sponsors on various aspects of plan design, including elective and matching contributions, vesting, Qualified Default Investment Options, and voluntary and automated enrollment processes.
Plan provider consulting – Evaluating bundled or unbundled retirement plan service providers, including record keepers, third party administrators, trustees, custodians, investment companies and legal/accounting professionals.
Investment Services –
Investment policy statement development and refinement – Creating or modifying a formal investment policy statement that defines specific processes to be used for evaluating, selecting, monitoring, reviewing and changing a plan's asset allocation and investment options.
Asset allocation – Analyzing employee demographics and the current plan lineup to recommend an appropriate mix of asset classes and investment styles that can address the needs of participants with varied investment goals, life-stage challenges and investment knowledge.
Manager evaluation and selection – Using objective, prudent processes for researching, evaluating, and recommending a diversified, cost-efficient lineup of active and/or passive investment options for the plan.
Performance monitoring and reporting – Evaluating and reporting performance and risk characteristics of the plan's investment options and recommending changes when appropriate.
Qualified Default Investment Alternative Evaluation and Recommendation – Researching, evaluating and recommending QDIA options and suitability requirements for participants who do not make investment elections or enroll automatically.
Investment reviews – Conducting and presenting quarterly and/or annual reviews of the plan's investments to evaluate performance, risk characteristics and expenses, and recommend changes where appropriate.
Model portfolios – Creating and maintaining a number of diversified portfolio of investments for participants that prefer customized asset allocation models.
Employee Education Services –
Employee Enrollment Meetings – Leading or co-presenting enrollment meetings and/or providing online or printed educational materials to encourage participation and help employees choose appropriate deferral rates and investment elections.
Participant education – Providing a broad range of targeted online or printed investment education materials that address the varied needs of participants with different financial goals, life-stage issues, and levels of investment knowledge.
Participant advisory services – Working directly with participants to help them evaluate their retirement savings goals and implement appropriate contribution amounts and investments available in the plan.
Fiduciary Services –
Plan benchmarking – Comparing a plan's services, investments, features and fees versus those of comparable plans in similar-sized organizations.
Fiduciary education – Providing educational resources to help plan sponsors understand and meet their fiduciary obligations.
Fee reporting and analysis – Providing detailed listings and explanations of all fees paid by the plan and participants to service providers and identify appropriate opportunities for cost savings.
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