We design, build, and manage best-in-class collective retirement plans for a 21st century economy. Working in partnership with unions, associations, sectors, and other communities, we help build retirement security for workers not covered by workplace pensions.
- Member research
- Retirement research
- Market research and engagement
- Investment product sourcing and innovation for both the accumulation and decumulation phase
- Governance design
- Regulatory diligence
- Member and employer service model design, including digital and human touch elements
- Design of distribution models and strategies to grow the plan
- Integrated design
- Integrated project management
- Vendor selection and management / collaboration (e.g., investment managers, custodians, annuities providers)
- Governance implementation, including assistance with the setup of retirement plan boards, the sourcing and onboarding of board members, and the creation of governance documents and policies
- Development of education and communications materials and approaches to support the plan
- Design, implementation, and integration of white-labelled digital technologies to support plan delivery, including digital marketing, planning tools, and self-serve recordkeeping software in collaboration with our technology partner, JEA
- Education and training of key stakeholders in the community / at the sponsor level
- Governance support, including serving as the "corporate secretary" to retirement plan boards, producing high-quality, strategic, executive-level board materials, and implementing governance processes based on best practicies from the world's top pension organizations
- Self-serve, customizable digital technology created in collaboration with our technology partner, JEA
- Member service through multiple channels, including self-serve digital tools, email, web chat and phone
- Employer service through multiple channels, including self-serve digital tools, email, web chat, phone, and in-person sessions
- Evidence-based member communications, including digital member statements, educational web materials, and behaviourally-informed digital communications
- Vendor management / collaboration, including coordination of all services providers associated with the plan, including investment managers, custodians, and annuities providers
- Ongoing training and support for the sponsor or other stakeholders in the community to help grow and improve the plan
- Design and implementation of employer and member engagement strategies and tactics to scale the plan
- Product development, research, and innovation focused on continuous improvement of the plan and its value for members
Evidence shows that high-quality collective retirement plans tend to be
far more cost-effective than a typical individual approach to retirement
Our Principles
OUR WORK
SEIU Healthcare's my65+ was named a finalist in the annual Pensions & Investments
WorldPensionSummit Innovation Awards 2018 in the Plan Design & Reform Innovation category
We partner with labour unions, industry and professional associations, collaboratives within a particular sector, groups of employers and other communities
JEA Evans and Associates (JEA)
Our Technology PartnerCommon Wealth has partnered with JEA to create a simple, self-service plan administration and record keeping software to support its plans.
James Evans and Associates (JEA) is a Canadian pension administration software company with nearly four decades of pension experience. JEA provides pension solutions for many public-sector organizations, health care workers, and large unions, as well as most of the federal government pension plans. These plans together administer the pensions of nearly 1.5 million members.