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With Karen Codman, your firm comes first!

Our approach to delivering comprehensive financial services always starts and ends with you, our clients. We begin this process by listening to you and discussing your goals, wishes, and company needs. Through a consultative process we then learn the details of your benefits picture so we can construct and deliver a customized benefits plan. Working closely with plan administrators and your tax professionals, Karen fully evaluates your situation to integrate comprehensive benefits planning, investment planning, employee education, and fiduciary governance. And, as an Accredited Investment Fiduciary®, Karen can serve as a Section 3(38) investment manager to help shield your company from investment liability.

We then schedule to meet with you on a regular basis to discuss and update your financial situation. We pride ourselves in our constant calendars of client services and regular client communications to keep you informed of economic news and appropriate tax law and ERISA rule updates. As we said earlier, with Karen Codman, your firm comes first!

Some of the ways we we believe we differ from other firms include:

  • Our strong menu of Diamond Deluxe Services which include a comprehensive review of: your benefits plan design; investment performance; personal retirement strategies; and risk and liability management.
  • Our frequent and regularly scheduled meetings with client firms to update your specific plans and discuss your personal situations.
  • Our strong and consistent calendar of high quality newsletters, ERISA reports, and other reports and articles.
  • Our frequent schedule of client educational and appreciation events.
  • Our personal service that features our best and most current ideas, suggestions and solutions.

Business Diamond Deluce Services:

Investment “Watch Dog” Service
  • Guiding you through a disciplined process of selecting investments for your retirement plan
  • Ensuring that investments are prudent, diversified, and satisfy the Safe Harbor provisions of Sec. 404(c)
  • Creating an Investment Policy Statement (IPS) detailing your fiduciary guidelines and benchmarks
  • Continual monitoring of your investments to ensure they satisfy the IPS and fiduciary standards
  • Quarterly reviews of investment performance and suitability

Plan Design

  • Analyzing the retirement needs of firm owners and highly-compensated employees to ensure the plan
  • design complements their personal financial picture
  • Use of advanced plan designs to allow for greater retirement savings by owners and key employees
  • Independent, unbiased selection of retirement-plan provider based on total needs of the company
  • Handling the legal issues of control groups (multiple companies owned by the same people)
  • Assistance with merging retirement plans following company mergers or acquisitions
  • Review of plan design, fees, costs, and administrative support every 3 years

Fiduciary Governance

  • Accredited Investment Fiduciary® (AIF) designation to ensure fiduciary best practices
  • Setting up an fiduciary oversight committee made up of corporate officers and employees
  • Defining and documenting the responsibilities of all involved parties to satisfy fiduciary requirements
  • Quarterly fiduciary reviews
  • Section 3(38) investment management to shield the company from investment-related liability
  • Close coordination with Third Party Administrator or bundled administrator, and with tax preparer
  • Ensuring that all agreements and contracts are in writing and satisfy legal standards of care
  • Staying up-to-date on and presenting new ERISA laws that can affect your situation

404(c) Education Compliance

  • Conducting periodic on-site Financial Education sessions for employees (up to 4 times annually)
  • Assisting new hires with their retirement-plan enrollment decisions
  • Annual meetings with individual employees to review their investment allocations and rebalance
  • Assist exiting employees to administer their retirement accounts
  • Review of beneficiary designations and asset titling

Client Services & Communications

  • Quarterly Newsletter to keep you apprised of the most current planning options
  • Quarterly, semi-annual or annual reviews for company owners and high-value employees
  • Special reports on how to help reduce your taxes and other important topics
  • Special Diamond Deluxe Service events (including client education and appreciation events)