Making Retirement Work
Innovest improves retirement readiness for participants and reduces fiduciary liability for plan sponsors executed with uncommon service.
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We specialize in retirement plan investment consultation for public safety departments, municipalities, school districts, higher education institutions, faith-based organizations, medical and health organizations, unions, associations, corporations, and nonprofits.
Defined contribution retirement plans: 401(k), 401(a), 403(b), 457(b)
Defined benefit retirement plans
Taft Hartley and VEBA plans
Profit Sharing
Cash balance
Executive Compensation plans
3(21)/3(38)
ERISA
How We Make Retirement Work
Innovest is a trailblazer, a steward, and a true innovator in serving our clients from our offices in Colorado, California, Arizona and Florida. Guided by our mission of stewardship, our motto is Making Retirement Work. We steadfastly seek to improve retirement outcomes for employees and reduce fiduciary risk for employers, all executed with uncommon service.
At our founding in 1996, Innovest recognized the challenges facing retirement plan sponsors and participants and was compelled to bring forward innovative solutions. We set out to provide expert retirement plan consulting as a fiduciary, on a clear, transparent fee-only basis. We intentionally broke the pattern of hidden, confusing, opaque and often excessive mutual fund revenue sharing as the method of compensating advisors and recordkeepers. We saw misaligned incentives and expensive retirement plans as a source of diminished opportunity for participants to successfully and adequately save and invest for retirement. We brought together, in a single company, experts in retirement plan compliance, plan design, fiduciary governance, recordkeeping, education, and investment due diligence to create a truly comprehensive retirement plan consulting firm.
Great ideas garner significant attention, and our success using plan design to make it easy for participants to save for retirement has been nationally recognized. Objective and independent investment discipline has led us to the creation of customized, streamlined, modern, and conflict-free investment menus that help ensure the investment options offered to your employees will help them reach their retirement goals. Our success and focus also extends to serving the needs of plan sponsors by offering uncommon service and decreasing administrative burdens.
Many prominent and prestigious legal firms in the country recognize our extensive fiduciary expertise. In 2005, we were tabbed as an expert witness in one of the nation’s highest profile fiduciary breach cases. We have since consulted and provided testimony on 70+ significant, precedent-setting cases, having witnessed both the good and bad of retirement plan governance. Along the way we have learned firsthand how we can best protect our clients under the watchful eyes of plaintiff class-action attorneys.
“Innovest is distinctly positioned to help plan sponsors meet their unique goals, whether they be improving participation, reducing fees and expenses, conducting a provider RFP, dealing with compliance issues and ERISA, improving fiduciary processes and plan governance, increasing participant retirement readiness through financial education, constructing a menu, or choosing investments for the plan. We make the complex, simple.”
-Rick Rodgers, Innovest Partner
