A company can no longer look at a retirement plan in an isolated manner. It has a large financial impact on the company in other areas such as salary, insurance, turnover and lawsuit risk.
Corrective distributions. Audits. Low employee participation. Top heavy. High expenses. Outdated plan design. A financially unprepared workforce. Failure.
Through a specific and well-defined order of operations, CBA advisors will aim to work with our clients to help avoid plan failure by:
With more scrutiny placed on plan sponsors today to meet fiduciary obligations, CBA can help provide the resources and solutions aimed at helping mitigate employer liability through:
Every CBA retirement plan client benefits from an open architecture philosophy to help bring the most efficient fund class on platform. Funds are defined, identified, selected and monitored in the following process:
The strength of a robust financial wellness program gives participants the guidance and confidence needed to plan and avoid personal financial failure.
Employers also recognize the benefits of a financially prepared workforce: streamlined benefit expenses, efficient employee turnover that provide advancement opportunities for younger workers and improved employee morale to name a few.
Our financial wellness program, Wealth Steps®, provides an effective, simple and positive resource for employees to plan and avoid personal financial failure.