Masterplan Retirement Consultants

MasterPlan Retirement Consultants provides discretionary asset management, financial planning and ongoing consulting, and retirement-plan advisory services, including acting as a limited-scope ERISA 3(21) fiduciary for qualified retirement plans. The firm also arranges third-party managers and sub-advisors to implement investment programs for plan sponsors and individual clients.

The firm typically implements client strategies using tactical and strategic asset-allocation approaches and, when appropriate, delegates portfolio management to TPMs or sub-advisors while retaining authority to hire, monitor and terminate those managers. MasterPlan documents regular account reviews, periodic reporting and client meetings and discloses that it monitors TPM performance and coordinates paperwork and reporting between clients and TPMs.

Noteworthy disclosures in the brochure include principals’ participation in an affiliated insurance business and receipt of external compensation from insurance product sales, plus referral and fee-sharing arrangements with a recommended TPM—conflicts the firm discloses and addresses in its policies. The firm’s operating profile is also atypical: it reports a single advisory team serving roughly 290 client relationships while reporting no client assets directly managed by the firm and noting recent material updates to TPM fee disclosures.