CBC offers a broad array of products to support the large group market.  We are specialists in design and procurement.  Each program is custom built around the goals and objectives of our clients.   CBC has a track record for aggressive pricing and cost containment as well as full transparency on our compensation structure.  See CBC Pledge of Commitment

Results

• Long term relationships and full integration with top rated carriers
• Strategic cost containment programs
• Specialist negotiation

HEALTH & WELFARE PRODUCTS

• Medical
• Fee for Service
• Managed care
• Consumer Directed Health Plans
• Health Reimbursement Accounts
• Minimum premium
• Disease Management Programs
• Prescription Drug Management
• Dental
• Life
• Vision
• Disability
• Accidental Death and Dismemberment
• Long Term Care
• Business Travel Accident
• COBRA/FSA/Transit
• Section 125 Plans
• Employee Assistance Programs
• Wellness Programs
• Disease Management Programs
• Behavioral Health

 

RETIREMENT PLANS

Defined Contribution Plans

Our Defined Contribution Plans are designed with your employees in mind.   In these turbulent times many employees spend considerable time worrying about their money and assets, diverting focus away from their work.

• Do your employees know which year they need to be "On offense" with their investments?
• Do they know which year they need to be "On Defense"?

The sad truth is a majority of employees don't do anything. The Investment Company Institute found that 60% of all current 401(k) participants have never changed their original asset allocation from the day they first enrolled. Our plan allows employees the option of using a Registered Investment Advisor to manage their accounts according to their instructions. No more sleepless nights, using company time to track investment trends, and no more "201k" plans. Employees will have the comfort of knowing a true professional is watching over their nest egg every day.
Can a majority of your employees afford to not have additional assistance?

Based on each Plan Participant’s questionnaire responses, our adviser-managed account will:

• Evaluate your financial circumstances
• Design a customized solution for you
• Choose the investments that align with your goals
• Actively monitor the investments on a weekly basis for you
• Uncover the top performing investments in each asset class, and
• Utilize money market and income investments to seek to harness market risk

Fiduciary Responsibilities

Did you know you may be held personally liable for losses in your company's 401(k) plan? The Supreme Court upheld ERISA section 409 in the case LaRue v. De Wolff (2008) which states, "Any fiduciary who breaches ERISA responsibilities, obligations or duties “shall be personally liable to make good to the plan any losses to the plan resulting from each such breach…”  If any one of the 20 requirements for a 404c compliant plan, Judge Harmon in her Enron ruling stated, "fiduciaries retain liability for all investment decisions made, including decisions by the Plan participants.”

We provide solutions past 404c requirements which provide wider fiduciary protection. Can you personally afford to not know your options?

Core Fiduciary Services:

1. Serve as a co-fiduciary with the Trustee or Investment Committee of the Plan Sponsor.
   
   
2. Assist in compiling or amending the Investment Policy Statement for the Plan via mail or web for the Plan to include the elements of the core program.
   
   
3. Prepare and present to the Trustee or Committee via mail or web a selection of core funds, including appropriate asset classes and investment options, accessible by Self-Directing Plan Participant accounts.
   
   
4. Review investment options as they relate to the criteria in the Investment Policy Statement, including an Ibbotson/Morningstar review of each mutual fund.
   
   
5. Maintain a dedicated webpage featuring at least three Ibbotson Encorr asset allocation portfolios drawn from the core funds to support Self-Directing Plan Participants in making their investment decisions.
   
   
6. Mail quarterly newsletters to identified Self-Directing Plan Participants.
   
   
7. Provide access to two weekly market updates
   
   
8. Support the Trustee or Investment Committee by being reasonably available to answer questions via mail, web or conference calls concerning the plan’s investment options.

ADVANCED PLANNING STRATEGIES

Business owners and key executives
These highly developed planning strategies are far from traditional services offered by typical advanced planners/advisors.  Our team associates are highly versed in business planning strategies and our  legal counsel  specialize in the areas of ERISA, labor law, tax law and business/corporate law and have the unique ability and experience to incorporate qualified planning techniques with non-qualified elements to create the most beneficial business structures possible, with the primary goals being to maximize:

• Tax Mitigation
• Asset Protection
• Retirement Enhancement
• Succession Planning

Boiler plated template plans are not utilized as each business and business model is unique and all planning is custom-designed to fit the needs, aspirations and particular circumstances of each individual business.

International and Expatriate Plans
CBC’s  International Benefits Practice was developed to assist multinational companies achieve their goals and objectives as well as assist domestic companies starting to expand internationally.
 
Services

• Develop global strategy
• Design and procurement benefit program
• Branded bilingual call center support
• Benchmarking for National Benefit Plans
• International pooling and feasibility studies
• Ongoing account management

    
Lines of Coverage

• Individual medical insurance
• Group medical insurance
• Life & Accident
• Disability
• Dental
• Vision
• EAP
• Expatriate Plans
• Global travel coverage
• Trip cancellation coverage
• Patriot student

 

Voluntary Plans (See Worksite Benefits)