Retirement Plans

Our Retirement Plan Services

Overview

CUI Wealth Management's retirement plan team will help you navigate the complex world of employer-sponsored plans. Retirement plans can reduce employer tax liability and promote employee retention.

Our team is independent of any single recordkeeping or third-party administration (TPA) company. This independence allows us to shop multiple providers and hold your current provider accountable for costs and services. We have a rigorous evaluation process to help find the right fit for your company. We can work on an asset-based retainer or a fixed fee for services.

Retirement Plan Strategies

Our team of experienced advisors provides tailored guidance and personalized strategies to help you optimize your company's retirement plan. We offer a range of solutions, including 401(k)s, SIMPLE IRAs, SEP IRAs, Cash Balance Plans, Profit-Sharing plans, and ESOPs. Our services are organized to meet each client's unique needs. We take pride in delivering exceptional results.

Recommend & Monitor Investments

3(38) Fiduciary Services

We offer a wide range of services to assist our clients in achieving their investment goals. One of our essential services is providing a 3(38) Investment Fiduciary offering, where we oversee investments on behalf of our clients. As a 3(38) investment fiduciary, we manage the investment choices that employees can choose from. This decreases the plan sponsor's responsibility for investment selection.

Investment Analysis

Our experienced advisors carefully analyze and evaluate each investment option to ensure it aligns with the retirement plan's objectives. We create an Investment Policy Statement (IPS) to guide our decisions.

In addition to our 3(38) Investment Fiduciary services, we offer ongoing participant support, initiatives for participant education, annual fee and expense analysis, ERISA 404(c) and 404(a) fiduciary guidance. We work closely with our clients to make certain that their retirement plans are optimized.

Benchmarking of Fees and Services

Benchmarking Services

We understand that it’s important to ensure our clients receive value for their service fees. To achieve this, we offer a comprehensive benchmarking service that includes a competitive analysis of provider costs, services, and investments. Our team of wealth management professionals will closely work with you to determine your unique needs. We will then use this information to compare the fees and services of various providers.

Once we have gathered all the necessary data, we will negotiate with the incumbent providers to ensure that you receive competitive value for the fees you pay. 

Employee Education

Financial Wellness

Financial wellness is crucial for overall well-being and productivity. That's why we offer a comprehensive financial wellness program, including ongoing support for retirement plan participants.

Our financial wellness program is designed to help employees achieve their financial goals. We provide personalized guidance and resources to manage finances, reduce debt, and save for retirement.

Our financial advisors work closely with plan participants to help them understand their retirement plan options and choose suitable investment strategies based on their unique needs and goals. We provide ongoing support and education to help employees make informed decisions about their retirement savings.

Financial Workshops

We offer financial education workshops and seminars to help employees develop skills to manage their finances effectively.

In addition to our financial wellness program, we provide ongoing retirement plan participant support to help employees get their questions answered. Our team is here to guide retirement planning, investment strategies, and plan options.

Ongoings Support

Financial planning can be overwhelming, so our mission is to provide personalized support and guidance to each plan participant. Everyone deserves access to quality financial education, and we are determined to help our clients achieve their financial goals.

If you're looking for a comprehensive financial wellness program and ongoing retirement plan participant support, we're here to help.

Plan Performance Reviews

Annual Plan Reviews

Our plan performance review services are designed to help you reach for the best possible outcomes for your retirement plan. We offer a comprehensive analysis of your plan, which includes an annual fee and expense review, a plan design evaluation, and an assessment of the retirement plan's recordkeeping, compliance, and administration.

Our team will work with you to identify any areas of concern and provide solutions to improve the overall performance of your retirement plan. We understand that every plan is unique, so we take a customized approach to our plan performance review services tailored to your needs.

Our annual fee and expense analysis will help you understand the costs associated with your retirement plan and identify any areas where you can reduce expenses. Our plan design evaluations will ensure that your plan is structured to meet your objectives. We will also evaluate the retirement plan's recordkeeping, many compliance aspects, and administration.

Plan Compliance Review

Fiduciary File

One of the critical elements of our compliance reviews is creating a virtual fiduciary file, which contains all of the documentation related to the plan's fiduciary responsibilities. This file is readily available and can be reviewed by plan sponsors, auditors, and regulators.

Fiduciary Checklist

We provide an annual fiduciary checklist. We assist clients in reviewing these compliance items. Compliance reviews help to ensure that plan sponsors are meeting requirements and can help to identify areas where improvements can be made.

Plan Set Up & Conversions

Overview of Conversion Process

We offer plan setup and conversion services to help make the retirement plan setup and conversion process as seamless as possible for our clients. Our services include:

• Request for Proposal (RFP) support.

• Acting as a liaison for service providers.

• The implementation and conversion of retirement plans to new providers.

RFP Services

Our RFP support services help clients navigate the complex process of selecting a service provider for their 401(k) plan. We work with clients to develop a customized RFP outlining their needs and requirements. We then send the RFP to potential service providers, help clients evaluate the responses, and select the provider that best meets their needs.

Once a service provider has been selected, we act as a liaison between the client and the provider to help ensure a smooth implementation process. Our team works closely with service providers to ensure all necessary paperwork is completed and the plan is set up correctly.