Retirement Plans—Investments, Administration and Consulting Services

SBS offers the IFSS advisory service to trustees of defined benefit pension plans, as well as endowment funds and private foundations to comply with the obligations and responsibilities that come with their fiduciary status. IFSS clients can benefit from the following core services:

• diagnostic review of existing portfolio;
• custom investment policy statement;
• strategic asset allocation;
• investment manager search, selection, and ongoing review;
• quarterly comprehensive performance reporting, with advanced portfolio analysis;
• client access to portfolio via a secure Web site; and
• trust and custody services (optional). 

IFSS is tailored to meet each organization’s specific needs and is personally delivered by SBS consultants to ensure that each client realizes optimum results.  There is a modest asset-based fee for this service.  Unlike programs offered by competitors, SBS does not receive any compensation from any investment manager used in the portfolio. 

Click the links below to view samples of pages of information in the IFSS Quarterly Investment Performance Reports.

Executive Summary Page 1

Executive Summary Page 2

Asset Allocation

Monte Carlo Simulation

Up-Down Capture Ratios

Peer Group Risk vs Return 3Yr.

Correlation Matrix

Portfolio Efficiency

Year By Year Returns

Style Allocation

Total Portfolio Risk vs Return

Peer Group Rankings

Equity Portfolio Risk vs. Return

401(k), Profit Sharing, Money Purchase, Simplified Employee Pension (SEP), Savings Incentive Match Plan for Employees (SIMPLE), 403(b), 457, Rollover Individual Retirement Accounts (IRAs) and Roth IRAs

These services assist employers in the design, administration, and communication of all types of defined contribution plans. Services are tailored to meet the needs of both employers and employees. Through payroll deduction, group retirement plans allow employees to save for retirement while reducing their taxes on current income and deferring taxes on interest accumulated. Employees decide how much income is invested, and contributions are deducted from paychecks before federal and New York State income taxes are withheld.

Plan Administration Services

Full service administration is available for qualified defined contribution plans such as 401(k) plans.  These services include record keeping for participant accounts, non-discrimination testing, 415 limit testing, annual government filings, and hardship withdrawal and loan administration.

Plan Implementation Service

This service assists facilities wishing to create a new retirement plan or improve an existing one.  SBS consultants can help by presenting and developing options, providing benefit/contribution projections, drafting plan documents, and formally submitting the plan to the Internal Revenue Service (IRS) for approval.

Trust Asset Evaluation Service

Under this service, plan trustees of defined contribution or defined benefit plans receive an independent evaluation of how plan assets and/or asset managers have performed. This objective comparative analysis reviews and measures specific outcomes and investment practices.  Assistance is also available if the evaluation identifies a need to replace the asset manager or provide new investment options.

Actuarial and Defined Benefit Services

These services are intended to keep defined benefit plans, including cash balance plans, on track and on budget.  Services cover the design, funding, and communication needs of the employer and employee as well as all governmental funding requirements.

Employee Communications

SBS develops a comprehensive communications package designed to generate interest, encourage participation, and educate employees. Group meetings with a Registered Representative are used to support employees in establishing retirement goals, in implementing strategies, and in monitoring progress.  Communication services also include workshops, seminars, Webcasts, newsletters, and audio/visual presentations on a variety of retirement topics.

Executive Compensation Programs

Supplemental Executive Retirement Plans (SERPs)

Offers officers, key executives, principals, and professionals compensation plans that include deferred compensation, supplemental income, and restoration programs.

Executives’ Retention Plans

Sometimes referred to as “golden handcuffs,” individually tailored plan(s) are developed based on objectives of the organization, the plans are insured or self-insured, and can include retirement, group, individual, and incentive benefits.

Preferred Disability Plans

Underwritten for executives and professionals, the Preferred Professional Disability Income Replacement plan is a top quality, non-cancelable, individually-paid long-term disability income insurance policy for the preferred professional.

Closely Held Business Protection

Insurance based solutions addressing common risks for small businesses.

·        Business Interruption Insurance—restores lost revenues resulting from casualty loss.

·        Business Interruption Disability Insurance—restores lost revenues resulting from disability of key person.

·        Key Person Life Insurance.

·        Life Insurance to fund a Buy-Sell Agreement – a legal agreement between business owners/partners that specifies the terms of purchase of a deceased owner’s interest in the business.

All SBS solutions take into account the potential impact on the estate of the business owner.

Executive/Owner Long Term Care Insurance

Employer-paid long-term care protection for key persons that is portable and that takes advantage of favorable tax treatment for both the employer and the key person.

Group Benefit Programs

Benefit Statements

Personalized benefit statements that help employees understand the full scope of their compensation package and the investments employers are making in them.  Employers can customize statements from a simple to an elaborate document format.

Business Travel and Accident Insurance

Available to employees while traveling on company business or, if preferred, on a 24-hour basis.

Comprehensive Legal Plan

Provides affordable access to legal services including fully covered legal advice and assistance for the most frequently needed personal matters.

Dental Insurance

Offered as traditional indemnity, managed care, or self-insured dental programs, this insurance pays a portion of the cost of preventative dental care and other covered dental procedures.

Long-Term Care Insurance

A valuable benefit that can protect employees and their families from the catastrophic cost of long-term care. There are programs for nursing home care and both skilled and unskilled home care.

Long-Term Disability Insurance

Its primary purpose is to provide income protection for prolonged periods of disability.

Short-Term Disability Insurance (DBL)

Provides partial income replacement for employees who meet the definition of disability with statutory short-term disability benefits as required by New York State law. Enhanced option plans are available, with buy-up options of up to $1,000/week for a maximum of 26 weeks.

Term Life/Accidental Death and Dismemberment Insurance (AD&D)

Term life provides benefits to an employee’s beneficiary upon death, while the AD&D policy provides benefits to the employee or beneficiary for dismemberment or death resulting from accidental bodily injuries.  Spouse and dependent coverage are also available.

Vision Care

Group plans give employees and their families access to a Preferred Provider Organization and provides vision care products at wholesale cost, plus a small dispensing fee.  Self-insured programs and insured plans that include eye exams and other features are also available.

Voluntary Programs (Payroll Deduction)

Auto, Homeowners, Renters, and Condominium Insurance

Provides employees and family members with automobile, homeowners, renters, and condominium insurance on a discounted group basis (may have geographic restrictions in New York State).

Cancer Insurance

Deals directly with the unexpected costs associated with a cancer diagnosis.  There are also built-in incentives to utilize wellness services.

Specified Disease Insurance

Added protection that provides employees and/or spouses a lump sum benefit upon the diagnosis of a covered specified disease.

Legal Plan

Gives employees and their families access to legal advice through a monthly fee or at discounted hourly rates.

Life/Accidental Death and Dismemberment Insurance

Provides employees, their spouses, children, and grandchildren the opportunity to obtain personal life insurance coverage at affordable rates.  Employees need not participate in order to insure other family members.

Long-Term Care Insurance

An individually-owned policy that is available to protect employees, spouses, parents, parents-in-law, grandparents, and grandparents-in-law from the catastrophic cost of expenses associated with care in nursing homes and qualifying home health care services.  Disability based and/or medical reimbursement policies are available.

Long-Term Disability for Key Executives

This insurance provides quality, non-cancelable, long-term disability income insurance for key executives. Policies are individually owned.

Long-Term Disability Income Protection Insurance

Similar to Long-Term Disability for Key Executives described above, income protection can be provided for all employees, These policies are portable.

Medicare Supplement Insurance

Designed to supplement Medicare, this insurance provides specific benefits that help fill the gap in Medicare coverage.

Personal Travel and Accidental Death and Dismemberment Insurance

Offers full 24-hour, 365-day protection against accidents anywhere in the world.  It covers employees at home and at work—even while on vacation.  Spouse and dependent children are also eligible for this coverage.

Retirement Savings Completion Insurance

Disability type insurance for employees whose contributions to an employer-sponsored retirement plan have ceased because of disability. The policy replaces both the employee’s salary deferral amount, plus employer matching contribution amount into a trust account created for the employee’s retirement.  

Short-Term Disability Income Protection Insurance

This is an individually owned short-term disability income protection plan that provides a monthly benefit for employees who are sick or injured. These policies are fully portable.