Retirement Plans

Corporate Benefit Solutions

The Partnership

Mattar Financial is the retirement planning arm of Corporate Benefit Solutions. Our team of consultants can consult with you on your employer sponsored retirement plan and/or your health and ancillary benefits. We work hard to provide plan sponsors with what they need to know and when they need to know it. We have the resources to step in and do the demanding work for plan sponsors with the experience, technology, strategies and education needed to help improve on your plan.

 

See How We Can Modernize Your Retirement Plan

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Our Process

A meaningful and measurable performance standard is a very important component in making sure your retirement plan operates properly over time.  While all financial representatives can bring you products, we are investment professionals that have the expertise to effectively assist plan sponsors to carry out the four key components of Global Fiduciary Practices: Organize, Formalize, Implement, and Monitor.

Retirement Plans Process VS Product

This consistent, continuous process is just one of the many things that separates us from the competition.

 

Our Retirement Plan Services

You can count on us to provide you with:

  • Annual In-Depth Investment Analysis

    • An annual review is essential to the health of any retirement plan. Our consultants will review all your investment options with your investment committee each year. If necessary, we will make recommendations on alternate fund options if a fund is underperforming in its specific investment category.

  • Extensive Benchmarking on Services and Fees

    • A key component of our service offering is that we will provide an unbiased analysis of your services and fees by not only comparing your plan to your competition, but to other investment platforms that are available.

  • Fee Transparency with Zero Revenue Platform

    • One of the most deceiving parts of any retirement plan is the fees. We hold fee transparency with our clients in the highest regard.  During our annual review, we not only review the fees of the custodian and/or third-party administrator, but we also review our agency fee to make sure that the total cost to the plan is competitive.

  • Full and Complete Retirement Plan Vendor Searches

    • While we review the internal investment options each year, we will also review the retirement plan custodian every 3 to 5 years to ensure that their fees, technology, and services are meeting expectations. Being an independent agency gives us a unique advantage in the industry, as we have the option to shop almost any retirement provider in the country.

  • Corrective Distribution Solutions

    • Are your Highly Compensated Employees (HCE’s) receiving a corrective distribution each year?  Attracting and retaining HCE’s is crucial for the long term success of most businesses. Our consultants will work with you to provide several solutions that may reduce or eliminate your corrective distribution. 

  • Coordinate and/or Create Important Compliance Documents

    • In today’s litigious society, it is important for companies to stay up to date and compliant with the numerous rules and regulations in the retirement plan industry. While you can never fully eliminate your fiduciary responsibility to your plan participants, there are several measures an organization can take to defend against any potential lawsuits. See below for our “Retirement Plan Compliance Solutions” for more information.

  • Force Out/Contact of Terminated Employees

    • In some instances, we will work with the custodian and/or plan sponsor on removing the non-active/terminated participants out of the retirement plan. This helps with plan administration and is good for the overall health of any retirement plan. 

  • Enhance Participants Experience

    • Providing an easy-to-use and simple platform will enhance the overall experience for your employees.  In a diverse workforce, it is important to be able to provide multiple avenues of engagement in the retirement plan.   Through our thorough RFP process, we will find a retirement plan carrier that will fit the needs of your entire employee population.

  • Enrollment Meetings & Materials

    • We will coordinate the entire enrollment process and will work with you on creating and distributing plan documents and enrollment materials to your employees.

  • On-Site Meetings as Needed

    • At your discretion, a service representative will be available to be on-site at your locations to answer all your employee’s questions and be a direct link to handle any servicing problems that may arise. 

  • Individual Financial Planning (inside or outside of plan)

    • In some cases, employees have retirement accounts and/or investments outside of their employer sponsored retirement plan. We can work one-on-one with your employee’s (and/or their spouses) on establishing a financial plan. As an added bonus, employees of our corporate clients are eligible to meet with us for a personal consultation at no cost.

 

Retirement Plan Compliance Solutions

We will help you stay compliant by:

  • Implementing 3(21) or 3(38) Fiduciary Protection

  • Coordinating 408(b)(2) Fee Disclosure Statements

  • Producing an Investment Policy Statement

  • Establishing & Overseeing your Investment Committee

  • Creating a Summary Plan Description

  • Monitoring the Preparation & Submission of Form 5500

  • Coordinating Non-Discrimination Testing

  • Annual Plan Review