Why Channel?

Working With You to Create a Plan That Works For You

Our clients ask us to fill the role of Chief Retirement Officer responsible for optimizing the value received from their retirement plans. Channel Financial has formed a team that has the experience, education, and credentials necessary to perform the following functions of the CRO:

Proactively Manage Plan Risk:

Channel Financial develops and executes plan fiduciary governance policies. We set schedules of fiduciary goals and objectives over relevant time periods and are responsible for obtaining these objectives.

“Improve It Don’t Move It”:

In most cases when we are hired, our clients choose to retain their existing plan platform. They prefer us to improve the plan before they even consider changing their plan provider. If the existing platform cannot satisfy the needs of the client we conduct a full market search for the providers that will best suit the client.
We increase plan transparency by annually benchmarking all of the vendors associated with the plan. We provide detailed reporting and fee analysis.

Improving Plan Investment Processes:

We are responsible for all the investment processes related to the plan and, act as a co-fiduciary with respect to the plan investments. We develop and sign Investment Policy Statements to select & monitor the investment choices and, lead all investment committee meetings. We develop and maintain simplified “risk” based or “target date” based investment solutions for our client’s employees.

Increasing Employee/Participant Success and Satisfaction:

We increase the likelihood that the general participant population will be prepared for retirement. We benchmark participant saving rates and investment allocations. We increase participant confidence, reduce their anxiety, and establish personal retirement goals.