RETIREMENT PLAN

MANAGEMENT

Retirement plan management and advisory has been the backbone of our firm since its inception in 1997. Today we advise to more than 50 retirement plans, predominantly in the Pacific Northwest. Matisse Capital is a firm for plan sponsors seeking premier retirement plan management, fiduciary consulting, and participant service.

 

It’s our opinion that retirement plan management boils down to two things:

(1) Simplifying Plan Administration for Plan Sponsors

(2) Increasing Employee Participation and Contributions

 

You can have an extremely well-designed plan, but if employees don’t participate, the plan is not serving its purpose.

 

Contrarily you can have a plan where all your employees participate and max out their contributions each year, but if the plan has high fees or lacks a good investment menu, participant assets may not grow as well as they ought.

A successful retirement plan structure keeps both plan sponsors and participants in mind, and doesn’t sacrifice one for the other.

SERVING PLAN SPONSORS

TO HELP THEIR EMPLOYEES SAVE MORE

PLANS

  • Easy to understand with top-rated service providers

  • Full-disclosure, transparent, low cost structures

SERVICE

  • One-on-one advisor access providing custom-tailored advice

  • Client focused, with 100% objectivity targets

DISTINCTION

  • Thorough and experienced fiduciary consulting to protect Trustees

  • Simplifying repeated tasks with advisors who enjoy educating plan sponsors and participants

REPRESENTATIVE CLIENTS

THE FUNDAMENTALS

OF A WELL GOVERNED PLAN

FIDUCIARY GOVERNANCE


Our corporate clients are committed to fulfilling their fiduciary obligation of providing exceptional retirement plans. Fiduciary responsibility regulations provided by the Department of Labor are nothing to be afraid of, so long as a well thought out plan is in place. A strong schematic will reduce fiduciary liability within a plan.




INVESTMENT ADVISORY


Our team provides investment education and advisory services to the fiduciary committee on a quarterly basis. As the advisor, Matisse Capital oversees the investment process; including fund selection, monitoring, and replacement when necessary. Through regular meetings, our team provides analytical and customized reporting that will help the client measure results and evaluate fund performance.




EMPLOYEE SERVICES


Investment advice and education is very important, and our team provides this to plan participants on a one-on-one level at no additional charge. Group plan education and enrollment meetings are held as needed. Ongoing employee communication is typically provided through regular quarterly newsletters and annual education seminars. Of course, employees always have unlimited access to our advisors for questions and concerns.





FIDUCIARY GOVERNANCE


Our corporate clients are committed to fulfilling their fiduciary obligation of providing exceptional retirement plans. Fiduciary responsibility regulations provided by the Department of Labor are nothing to be afraid of, so long as a well thought out plan is in place. A strong schematic will reduce fiduciary liability within a plan.




INVESTMENT ADVISORY


Our team provides investment education and advisory services to the fiduciary committee on a quarterly basis. As the advisor, Matisse Capital oversees the investment process; including fund selection, monitoring, and replacement when necessary. Through regular meetings, our team provides analytical and customized reporting that will help the client measure results and evaluate fund performance.




EMPLOYEE SERVICES


Investment advice and education is very important, and our team provides this to plan participants on a one-on-one level at no additional charge. Group plan education and enrollment meetings are held as needed. Ongoing employee communication is typically provided through regular quarterly newsletters and annual education seminars. Of course, employees always have unlimited access to our advisors for questions and concerns.





RETIREMENT PLAN

SERVICES

ROLES AND RESPONSIBILITIES

PLAN SPONSOR

RECORDKEEPER
EMPLOYEE
COMMUNICATION
PLAN
ADMINISTRATION
INVESTMENT &
FIDUCIARY SERVICES

Trustee/Custody

Daily Valuation

Participant Statements

Online Account Access

Compliance Testing

5500 Reporting

Loans & Distributions

Enrollment Meetings

Custom Enrollment Materials

Annual Educational Meetings

Quarterly Newsletters

Custom Plan Website

Individual Participant Services

Investment Policy Statement

Fund Selection & Monitoring

Asset Allocation

Performance Reporting

Client/Trustee Meetings

Annual Plan Review

YOUR PARTICIPANTS

SMALL-BUSINESS RETIREMENT PLANS

Choosing the right retirement plan for you and your employees

Here's a quick and easy guide to determining which is the best fit for your business and employees – it includes basic facts about different types of plans:

All investing is subject to risk, including the possible loss of the money you invest.

RETIREMENT PLAN SPONSOR FAQ

WHAT IS BENCHMARKING?


As a plan sponsor it is important to stay informed and make sure you are on the right path as a fiduciary. Knowing how your 401(k) plan matches up against your peers is an important part of your fiduciary diligence. Benchmarking is a self-assessment that reviews the structure and costs associated with your plan design.




SHOULD I BENCHMARK MY PLAN?


YES! As a plan sponsor, you should benchmark your 401(k) plan to give you clear understanding of its fees and costs. It is important to know that you are providing a sound and cost effective plan to participants. Being a trustee gives you fiduciary responsibility, and fiduciaries are liable if there is a breach of duty. By benchmarking your plan, you are reducing your liability, quantifying the fees you are paying, and determining if the fees are reasonable.




WHAT DOES BENCHMARKING COST?


Matisse Capital offers comprehensive plan evaluations for no charge or commitment. Our team provides plan sponsors with the tools and information to evaluate any compensation paid to plan service providers.




WHAT DO I NEED TO KNOW ABOUT "FEE DISCLOSURES"?


You should be aware of the U.S. Department of Labor’s regulations related to fee disclosures to participants in ERISA-governed retirement plans. These regulations are known as the 404(a)(5) disclosures. The 404(a)(5) disclosures and the transparency they require increase your employees’ ability to make informed investment decisions as participants in your retirement plan. Plan sponsors have nothing to fear as long as time is taken to review how plan fees are charged and what information your employees are receiving. The 404(a)(5) disclosures aim to expose unreasonable fees and eliminate conflicts of interest.

404(a)(5) – The total cost in dollars assessed to plan participants every quarter must be listed clearly on participants' quarterly account statements. Fees should be compared to other similar retirement plans to determine if they are fair.

408(b)(2) – Requires service providers to disclose and break out total plan costs to plan sponsors (including costs for record-keeping, administration, investment management, indirect compensation, shareholder-type, etc.).





LIMITED PLAN REVIEWS

A complimentary service provided by Matisse Capital, to highlight a few critical financial and fiduciary considerations.

Providing an assessment of:

Investment options benchmarked against peer group

Plan expenses compared to national benchmarks

TO GET STARTED

Please provide us with as many of the following documents as possible:

  • Summary Plan Description

  • List of investment options (including ticker symbols) and market values as of last quarter-end

  • Most recent Participant Annual Fee Disclosure

  • Investment Policy Statement (if the plan has one)

Please provide us with answers to the following questions:

  • Do you have any concerns with your current plan or providers?

  • Does your advisor sign off in writing as Co-fiduciary in your plan contract?

  • What would you want to improve about the plan?

  • What type of employee education is being done to encourage Retirement Readiness?

  • When did you last benchmark or review the plan?

Submit via email to info@matissecap.com

Any information you provide to our team will be held confidential and used for the sole purpose of providing you an accurate Limited Plan Review.


One of our retirement plan specialists will respond to your request promptly.

The website is controlled and operated by Deschutes Portfolio Strategy, LLC dba Matisse Capital from its offices within the State of Oregon, United States of America. Matisse Capital makes no representation that materials on the site are appropriate or available for use in other locations, and access to them from territories where their content is illegal is prohibited. The information provided on this website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Matisse Capital or its affiliates to any registration requirement within such jurisdiction. Shares in the Matisse Discounted Closed-End Fund Strategy mutual fund are offered by prospectus only.

 

© 2020 Matisse Capital. All rights reserved.

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