Service Plan and Plan Design:
At the onset we help you and your employees establish plan goals and track progress throughout the year. One way of doing this is through a written service plan, which creates a road map for the future and serves as a mechanism to keep us accountable. Another is through designing a retirement plan that matches company goals with employee outcomes.
Investment and Vendor Analysis
Companies who offer retirement plans are required to monitor both investments and plan costs. We help you put in place a robust analytical approach to monitoring your investments on a quarterly basis. We take a proactive role in helping you not only understand plans costs, but also contain them. We aim to help you find the investments and vendors that are best for your company.
Fiduciary Guidance and Compliance
CoBiz Retirement Advisory Services serves as either an ERISA 3(21) or 3(38) fiduciary for all of our clients. We also implement a fiduciary training program, giving plan fiduciaries a strong understanding of both their responsibilities and liabilities.
Retirement Readiness and Employee Education
Americans are facing a retirement savings crisis. As such, financial wellness has never been more important. Through a combination of our team, our plan providers and third party education specialists, we try to customize education campaigns that help your employees meet their retirement goals. Bilingual education options are also available for your Spanish-speaking employees.