The first step in the process is to review your current plan design, investment options, participation rates and provider services and fees. Once we understand the current state of your plan we can begin to have discussions about your ideal plan outcomes and propose ideas to enhance the plan. We’ll review our progress on a regular basis and continually look for areas of improvement.
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Plan design is the most crucial step in the overall process. We customize the plan design to ensure this core component of plan success remains compliant, relevant and matches your unique objectives. When appropriate we partner with trusted subject matter experts such as Third Party Administrators, ERISA Attorneys and CPAs to create the optimal plan design.
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Catalina Capital Group is proud to acknowledge it serves as an ERISA fiduciary for each of its clients. We follow an unbiased and conflict free approach to always doing what’s in the best interest of each client when recommending, monitoring and replacing investments. In addition to our investment advisory services we provide a full spectrum of fiduciary support services.
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As the advisor to the plan, Catalina Capital Group provides a wide range of fiduciary support services aimed at streamlining plan management and administrative duties. We’ll guide you in putting all the required prudent processes and documentation procedures in place. In short, we will do everything possible to mitigate your plan liability and minimize the time spent managing your plan.
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Having a great plan in place means nothing unless we can help participants reach their retirement goals. We start by developing a targeted communication strategy based on your employee demographics. We then conduct investment education that addresses the needs of individuals with differing savings goals, life stage concerns and investment knowledge. The final step is to identify success metrics and document measurable results that help quantify program success.
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Plan reviews are critical to ensure the desired goals of the plan are being met. There may be numerous changes to your business and employee needs throughout the year, so we take the time to review the plan on an ongoing basis. As part of our annual review we discuss participant success metrics, investment performance, new provider service offerings, plan fees and any legislative changes.
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Providing additional benefits to owners, executives and key employees can set your business apart by attracting and retaining top level talent. Catalina Capital Group works with several companies in this capacity and we recognize great opportunity in this space. From simple Cash Balance Plans to more complicated Non-qualified Deferred Compensation Plans, we have years of experience in both establishing and managing the assets within these plans. We typically bring together our team of retirement plan specialists, TPA's, CPA's and beyond when analyzing and building these plans.
Some of our services include:
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Name
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Age
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Plan Compensation
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Defined Benefit Plan Only
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Defined Benefit and 401(k)/PS
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Cash Balance Plan Only
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Cash Balance and 401(k)/PS
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Cash Balance and 401(k)/PS- Carve Out
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Owner 1
Owner 2 Non-owner Employee High Comp Employee Total Employee 1 Employee 2 Employee 3 Employee 4 Employee 5 Employee 6 Employee 7 Employee 8 Employee 9 Employee 10 Non Highly Comp Employee Total Total Company/ Owner Contributions Percentage of Contributions to Owners |
53
60 46 26 30 34 38 42 46 50 54 58 62 |
$270,000
$270,000 $140,000 $680,000 $28,000 $34,000 $36,000 $42,000 $48,000 $55,000 $59,000 $65,000 $90,000 $75,000 $532,000 |
$169,000
$241,000 $19,439 $429,439 $5,935 $8,626 $10,936 $15,273 $20,895 $30,260 $40,014 $53,335 $88,773 $67,146 $341,195 $770,634 53.2% |
$209,200
$281,200 $11,860 $502,260 $2,714 $3,064 $3,270 $3,724 $4,462 $5,512 $6,390 $7,623 $11,496 $9,149 $57,404 $559,664 87.6% |
$169,000
$241,000 $19,439 $429,439 $8,900 $8,900 $8,900 $8,900 $8,900 $8,900 $10,098 $13,460 $22,403 $16,945 $116,306 $545,745 75.1% |
$209,200
$281,200 $8,200 $498,600 $3,300 $3,686 $3,815 $4,201 $4,568 $5,037 $5,294 $5,680 $7,287 $6,323 $49,209 $547,809 89.5% |
$209,000
$281,200 - $490,400 $3,320 $3,710 $3,840 - $4,620 - $5,335 - $7,350 - $28,215 $518,575 94.6% |