For Retirement Plan Sponsors

Flagstar Advisors offers dedicated service and support to your organization's retirement plan. The Flagstar Advisors Retirement Plan Services Team builds on the promise that Flagstar Bank has created with its single-point-of-contact philosophy which has helped make the Bank so successful.

Acting as an independent advisor partner and 3(21) fiduciary, we assist retirement plan sponsors in keeping their retirement plans healthy and cost-effective while bringing a broad range of investment choices and educational resources to their employees.

Working with many of the commonly known investment firms for recordkeeping (such as Fidelity, John Hancock, Voya, Empower, and others) and a large array of third-party administrators (TPAs), we are able to fine-tune your retirement plan team to best fit the needs of your organization.

While many financial advisors in the industry consider the retirement plan space only a subdivision of their individual wealth management business, it remains the sole focus of the Retirement Plan Services Team at Flagstar Advisors. The benefit to you is working with a team that is truly dedicated to the retirement needs of your organization and employees.

Plan Review and Assessment
Contact us for a consultation on how to create or improve your organization's retirement plan.

Ongoing Plan Management

See how our service model helps plan administrators manage their responsibilities more efficiently and effectively.

Plan Review and Assessment

The Flagstar Advisors Retirement Plan Services Team's Primary Areas of Focus: Cost, Performance, and Education

Ongoing Plan Management

Our Service Model Includes:

Assisting the Plan Sponsor
Monitoring Investment Performance
Implementing Comprehensive Participant Education
Providing Best Practices for Plan Design and Compliance

Assisting the Plan Sponsor
The typical plan sponsor wears many hats and Flagstar Advisors is here to help alleviate that burden. We utilize our experience and expertise to:

Create an effective strategy to review annual retirement plan requirements and outline goals over the course of the year
Assist with implementing an investment policy statement to serve as a blueprint against which plan investments can be evaluated
Develop a comprehensive enrichment plan to move plan participants toward "retirement readiness"
Provide plan sponsors with insights into current industry trends and potential legislative and regulatory changes

Monitoring Investment Performance
One of the biggest responsibilities of plan sponsors and trustees is the monitoring of the investment options in the plan. At Flagstar Advisors, we develop a process for the selection, monitoring, and potential removal/addition of investment options to the plan. The metrics we use include:

Quarterly numerical grade "scorecards" for every fund in the plan
Comparative performance reviews of funds against appropriate indices and peers
Risk measures including standard deviation and Sharpe ratio
Relative differences of current fund expenses vs. alternate funds
Diversification of fund offerings available to plan participants
Performance of Qualified Default Investment Alternatives (QDIA) vs. peers

Implementing Comprehensive Education for Participants
Our team includes a Retirement Plan Associate to focus on rank-and-file employees, and dedicated Wealth Management Advisors are available to work with business owners and upper management who may have more complex financial needs. Participant education is based on simple principles:

Provide participants with a clear roadmap for reaching and enjoying retirement
Be available on a regular basis to consult with participants one-on-one because their needs and circumstances are unique
Highlight timely event-specific education topics (Roth vs. pre-tax contribution options, Social Security benefits optimization, Medicare basics, etc.) that are practical and meaningful for participants
Target overall plan metrics such as low participation rates or lack of individual investment diversification and create strategies for plan-wide improvement

Providing Best Practices for Plan Design and Compliance
Plan sponsors are faced with numerous challenges when building and managing a retirement program. While plan administrators (along with recordkeepers or third-party administrators) are ultimately responsible for plan design and compliance, Flagstar Advisors offers help to plan administrators in the following areas:

Best Practices - Information on concepts such as auto-enrollment and auto-escalation features
Plan Design - Review of design features such as Safe Harbor, New Comparability, and other plan options that can enhance employer contributions
Investment Committee Structure - Assisting in clearly defining committee members' roles and responsibilities

Contact A Flagstar Bank Representative

Flagstar Bank's Client Care Services and Support is available 24/7. Call 1-866-744-5463.

Individuals with speech or hearing disabilities:
Please utilize a telecommunications relay service (TRS), which may be reached by dialing 7-1-1, to connect with an operator who can assist you with communicating with a Flagstar Bank Client Services Associate at 1-866-744-5463.

To report a lost or stolen ATM/DEBIT card, please call 1-866-744-5463,option 6.

Call Monitoring and Recording: If you communicate with us by telephone, we may monitor and/or record the call.