127 West 6th Street,
There are 4 primary focuses of my servicing philosophy for corporate and non-profit retirement plans. I will work very closely with two parties in the retirement plan: the plan sponsor and the plan participant. The first two capacities below focus on the Trustee (or the person primarily responsible for the plans maintenance), who, in my experience, receives very little help and assistance. The third aspect deals with the participant, while the fourth is all encompassing.
1. An Advisor to the Plan Sponsor
My objectives for my plan sponsor clients are to help them design and maintain an exceptional retirement plan that meets their specific needs and desires. I’m always looking for ways to reduce their workload and increase services and preparedness. I have identified service providers (Third Party Administrators and Plan Providers) who act in like capacity, reducing your workload on the front side and looking to protect your backside! Professional and thorough hand-holders!
This is accomplished by:
2. Systems to Address Fiduciary Responsibilities
The second aspect of my philosophy is demanding more attention in this very heavily regulated world. Also, extreme bear markets can bring a certain level of clarity to issues for most plan sponsors that are virtually ignored during bull markets! In particular, issues such as:
3. Financial Advisor to the Plan Participant
My objectives for the plan participant is to help them make more educated investing decisions and increase their appreciation with the benefit you are providing them. It’s been my experience that most plans simply do not have this kind of help. Volatility in the markets leaves plan participants desperate for help. Since I am primarily in the investment business and not from the administrative side, I can offer this kind of help, and actively encourage it! This is accomplished by:
The fourth aspect of my philosophy is to bring full service competitive plans to the small-plan market. Over the past decade there have been dozens of plan providers who have left the business. It is crucial to find a provider who values this size of plan and is successful servicing it. LPL Financial has a retirement plans department that continually monitors and recommends plan providers and have numerous investment provider, record-keeper, and administrator options. Depending on the needs of the client, identifying plans with:
James E. Zbach, CRPC®
Vice President | LPL Registered Representative, LPL Financial Advisor & Retirement Plan Specialist