As an independent, fee-based Registered Investment Advisory firm, we’ve pledged to work on behalf of our clients with no bias toward any investment product or provider. Our talented team of financial professionals works closely with plan sponsors to understand your requirements, identify and measure all options, and secure the highest quality offerings for your organization and employees. Together, we’ll reveal the hidden costs and challenges in your retirement benefits program and ensure a better solution for your employees.
Helping employers build a better employee benefits program that provides superior service for HR while engaging employees for optimum appreciation.
Handling your organization’s retirement plan without outside help means learning something new every step of the way. This means time and money is spent by your team addressing retirement plan challenges that Innovative can solve with a single call.
Innovative redefines the way organizations prepare and structure their plans, guiding you to build your plans with a goal. Don’t become overwhelmed with compliance requirements, regulatory issues, vendor selection, and any other complications that might come your way. Big or small, we are here to solve it all.
As an organization, how confidently can you say that your current internal operations and your interaction with your record-keeper and other crucial processes are optimized? At Innovative, we find that one of the most common hurdles that companies experience is inefficient integration of internal processes with outside vendors, making services like audits one of the biggest headaches to navigate.
We maximize operational efficiency by helping you design and manage your administration.
With Innovative, success means certainty. We offer a single point of contact for all your plan needs to make sure you and your employees are getting the most value from their retirement plan.
ERISA can be complicated and dealing with retirement plan compliance on your own can be a task that is tough to manage. At Innovative, our clients experience the ultimate regulatory guidance, with access to internal and external counsel on issues surrounding plan design, administration, and more. Never fear the possibilities of outdated information and pitfalls you might not realize exist – we’re here to keep you up to date on the latest ERISA regulations.
Simply put, we provide you peace of mind. As a fiduciary and a CEFEX certified Investment Advisor, Innovative will assume fiduciary status to the highest level of fiduciary care for the plan investments, plan sponsor, participants and beneficiaries. Innovative will also work with your service providers on an ongoing basis to help manage overall plan operations and monitor compliance procedures.
Educating your employees on how to take charge of their financial goals is a win for all. After consultation with your leadership team, Innovative will design and manage an education plan for your organization. Our programs typically include group and one-on-one meetings and can be expanded to include financial wellness programs and customized seminars for participants.
Employees who are stressed about money or debt often bring that stress into the workplace, impacting your culture and profitability. Through Innovative’s customized financial wellness programs, we work with employers to design, educate and engage employees so they can become financially secure. We work with you to analyze your demographics and custom tailor programs that meet the needs of your employees.
When trying to maximize the value of your retirement plan, a thorough review of your non-discrimination testing is needed to uncover opportunities or pitfalls with the current plan design. Further, with Innovative’s help, you can create a custom designed plan, perfectly fitted for your culture and environment. By analyzing crucial metrics like corporate structure, participant demographics, and corporate goals, we lay down a unique foundation for a retirement plan that will fit no company better than yours.
When two organizations turn into one or one into two, capable hands need to be involved to gauge the impact to your retirement plan. Through our extensive experience, we streamline the complicated process of integrating or separating multiple plans, ensuring that the organizational impact of the merger or the divestiture are fully understood.
When partnering with Innovative, you gain reliable, expert guidance on assessing your plan’s investment objectives, designing your overall investment structure, developing your investment policy statement, and monitoring and reporting the performance of your investments.
Innovative will advise on the proper governance structure for the plan including the appointment and training of the Investment Committee, the use of outside experts, the need for formal documentation and the procurement of fiduciary insurance. All committee members are considered Fiduciaries under ERISA. As such, Innovative will assist leadership and committee members in understanding their roles and responsibilities as Fiduciaries.
With countless vendor options available, we simplify the process for you. Innovative can partner with your current retirement plan service provider(s) to align necessary processes and procedures. Typical services include the monitoring of your service providers, fee disclosure assessments, benchmarking reports, creating and evaluating requests for proposals or information and ultimately supporting contract negotiation.
Changes to the tax code can have significant implications for individuals. Amending your benefit formulas under your existing retirement plan may yield significant tax benefits. At Innovative, we have extensive experience designing retirement plans that increase the contributions allocated to owners and key executives, which in turn can generate significant tax benefits.
Running a people-focused business doesn’t mean simply saying you focus on service. Actions matter. With Innovative, you’ll know everyone on our team by name. But more than that, employee happiness, well-being, and engagement isn’t just something that we see as a ‘nice to have.’ It’s the very reason that you’re hiring us.
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