401(k) Specialist Issue 2 - 2023 - 39

401(k) PRODUCTS
a cash balance plan. A properly personalized
asset management system can help
mitigate risk by implementing key features.
Implementation of insightful, customized
investment strategies that address a plan's
specific risks, operating considerations, and
return requirements outweighs the idea of
a set it and forget it approach of a model
portfolio system.
Applying a lifecycle approach to asset
management, designed to generate returns
within a specified range to meet the plan's
targets, typically leads to better outcomes.
A strategy using direct investment in securities,
holding them to maturity as a way to
manage market risk also tends to increase
the probability of success.
Also, personalized service relationship
managers who can provide dedicated
assistance to advisors and plan sponsors
throughout the process should be available
when employing a cash balance benefit.
Two Roads Diverged
Employers have two basic choices when
designing benefits to attract and retain talent.
They can be the same or be different.
A properly managed cash balance plan
can dramatically enhance the financial
well-being of employees while significantly
improving an organization's competitive
position in the employment marketplace.
Employees will be attracted to this type
of benefit, and they will not want to leave
for pastures that they do not see as greener
because those pastures don't have a cash
balance plan. Take the road less traveled. It
will make all the difference.
Todd Kading is CEO of Austin, Texas-based LeafHouse
Financial and investGrade. As the founder
of both firms, he oversaw the growth of LeafHouse
from a start-up retirement plan advisory firm to the
nation-leading third-party fiduciary in the retirement
plan space. Kading and his team launched
investGrade in 2020 with the goal of democratizing
retirement plan data for the betterment of all the
stakeholders of the industry.
Chad Rice, CFA, is the Director of Retirement
Investment Strategies and functions as a
Senior Portfolio Manager on the ALIS strategy
at Minneapolis-based Advanced Capital Group.
Previously, he was President, Managing Partner
at Journey Capital Advisers. In addition, Rice has
functioned as a senior portfolio manager, analyst
and trader with RBC Global Asset Management
and Sentry Insurance.
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ISSUE 2 2023 | 401kSpecialist.com
39

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401(k) Specialist Issue 2 - 2023

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