TPAs
NAPAFIRMPARTNERS
Broadview Heights, OH • creben.com
Houston, TX • definiti.com
Creative Benefit Strategies, Inc.
Definiti
Key Contact(s)
Key Contact(s)
Steve J. Persons 440.717.1600 • spersons@creben.com Jennifer L. Bufe 440.717.1600 • jbufe@creben.com Brian Secrest 440.717.1600 • bsecrest@creben.com
Tom Gaillard 617.938.3823 • tom.gaillard@definiti.com Brian McCabe 281.907.8274 • brian.mccabe@definti.com
Firm Profile Established: 1995 Creative Benefit Strategies (CBS) was founded in 1995. With offices in Ohio, Minnesota and Indiana, we service clients throughout the United States and Guam. CBS specializes in providing administration, actuarial and consulting services to small and mid-sized companies. Our main focus is on designing and maintaining cash balance and cross-tested plans to provide maximum benefits for owners and other key employees in a tax-favored manner. Our actuaries are also experienced in providing services to plans of state and local governments, including GASB 68 reports.
State(s) Where We Have A Physical Presence IN, MN & OH
Primary Market(s) Served Micro: <$1 million, Small: $1-$10 million, Mid: $10-$100 million
Plans/Participants Served By Type*
401(k): 200 / 5,000 Cash Balance: 230 / 3,450 Defined Benefit (Traditional): 75 / 450 Other: 27 / 325
Total Assets Administered $845,000,000
Custodian(s) Used Schwab, VOYA, American Funds, John Hancock, TD Ameritrade, UBS, Fidelity
Fee Structure Per Participant Fee, Base Fee
Service(s) Provided • Compliance Support • Preparation of Loan Paperwork • Processing of Loan Application • Non-discrimination Testing • Plan Design Consulting • Actuarial Calculations & Support • Form 5500 Preparation • Plan Committee Meetings • Employee Education • Enrollment Meeting Support
Firm Profile Established: 2020 From 401(k) plan design and fiduciary administration, compliance and actuarial consulting, to pension outsourcing and recordkeeping, Definiti helps organizations deliver smart retirement solutions to employees. With hundreds of retirement plan experts across the country, including in-house actuarial consultants, ERISA attorneys, document specialists and retirement plan consultants, Definiti helps clients define what’s possible with their workplace retirement plans.
State(s) Where We Have A Physical Presence AL, AZ, AR, CA, CO, CT, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, VA, WA, WV & WI
Primary Market(s) Served Micro: <$1 million, Small: $1-$10 million
Plans/Participants Served By Type* 401(k): 10,000 / 318,000 Cash Balance: 1400 / 19,000
Total Assets Administered $17,000,000
Custodian(s) Used Empower, John Hancock, American Funds, Voya, Nationwide, Principal, Vanguard, Transamerica, Lincoln Financial, T. Rowe Price, The Standard
Fee Structure Per Participant Fee, Base Fee
Service(s) Provided • Compliance Support • Preparation of Loan Paperwork • Processing of Loan Application • Non-discrimination Testing • Plan Design Consulting • Actuarial Calculations & Support • Form 5500 Preparation • Call Center • Fiduciary Services
*as of 6.30.23
NAPABLACKBOOK2023
101