Who We Serve

WHO WE SERVE 

RIVERSIDE RETIREMENT ADVISORS

Who do we serve & are we right for your organization?

Below are several common client profiles we work with. With every new client, we always start with education – we find clients value our initial explanation of the retirement plan market as well as our unbiased insights as an independent advisory firm. 

We strongly believe that teaching our clients about the retirement plan industry gives them the context and clarity they need to make the right decisions. Some have taken months (or years!) to make important changes, others took weeks. While we often have a sense of urgency around making improvements, especially as they relate to fiduciary responsibilities and DOL audit preparation, we will never be aggressive or pushy.

The Stretched-Thin Nonprofit

Nonprofits are often stretched thin when it comes to staffing and benefits. Resources are commonly diverted to other needs over the retirement plan. When large, sweeping changes to the retirement plan were simply not possible, we’ve helped clients make incremental, yet meaningful changes to the features of the existing plan to allow improvement without draining already scarce internal resources.

The "Not Sure Where To Start" Organization

We frequently come across this situation, and the details can be quite different from one client to the next. Whether it involves an old pooled profit sharing account, individual brokerage accounts, a SIMPLE plan that has been outgrown, or decision makers who simply haven’t reviewed the plan in years, we take the time to explain how the retirement plan world works and bring your plan in line with best practices in the retirement plan industry.

The Organization Evaluating Their Existing Advisor

Unlike health benefits, a retirement plan doesn't need to be renewed every year, which creates an opportunity for the advisor to fall asleep at the wheel (this is particularly common with advisors who don't specialize in retirement plans). Some of our clients have come to us for a second opinion because they think they should be getting more from their advisor. In most cases their instincts are correct and we are able to improve their advisor experience.

The Company Without An Advisor

Although 92% of retirement plans use an advisor, we do see some organizations who have never worked with an advisor or have recently lost theirs to retirement. Thanks to an ever-changing regulatory environment, sponsoring a retirement plan has become increasingly complicated. Many decision makers are unaware of their fiduciary responsibilities and how to properly mitigate their risk. In these situations, we always start with education. We take the time to explain how the retirement plan world works, identify what risks can be transferred away, and offer a blueprint for building a successful retirement plan.

The Industry Group Helping Its Members Improve Their Benefits Package

The manufacturing industry has been revitalized over the past few years and companies are having a harder time attracting and retaining talent. A regional industry group wanted to help its members improve their employee benefits to reduce turnover and compete with larger firms pulling from the same talent pool. We worked the member firms to improve their plan design and offer more competitive pricing and plan features usually reserved for very large 401k plans.
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