We build liability-oriented investment strategies for Pension and Cash Balance Plans, along with asset allocation strategies for 401(k) Plans. Our investment, research, and quantitative analysis teams have developed a robust framework for plan analysis, portfolio construction, and ongoing monitoring and support.
Liability Driven Investing
Our firm began offering asset/liability management analytics and liability driven investment solutions for defined benefit plans in 1999, long before LDI and pension plan de-risking became common. Our professionals, which include Chartered Financial Analysts, accredited fiduciaries, actuaries, and attorneys, implement LDI strategies for single-employer, multiemployer, and public plans. We also provide risk transfer, termination analysis, de-risking glide path construction, and completion manager services.
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LDI Comprehensive Solution
We recognize that each plan — and plan sponsor — is unique. We customize our LDI solutions to match the liability profile, goals, and risk tolerance of the plan sponsor. Our portfolio manager and ALM professionals interact daily to ensure successful implementation of tailored portfolios.
LDI Small Plan Solution
We have developed a streamlined analytical approach and investment process that allows small plans access to LDI solutions previously available only to large plans. For small plans, Sage crafts customized LDI solutions that are implemented entirely with exchange-traded funds (ETFs).
Cash Balance Plans
Cash Balance Plans are Defined Benefit Plans with Defined Contribution Plan attributes that require an investment approach tailored to their unique structure. We have a long history of building investment solutions for Cash Balance Plan clients that incorporate their interest crediting rate, risk tolerance, and liquidity needs. In addition to building custom solutions for CB clients, we have a developed a suite of scalable investment strategies designed for the small plan space.
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Cash Balance Strategies
Our Cash Balance Strategies provide plan participants with three scalable investment solutions designed to address the most common return targets and risk profiles. Each strategy is implemented entirely with ETFs and leverages our analytical framework for Cash Balance portfolio construction and expertise in managing multi-asset class asset allocation strategies.
Cash Balance Custom Solutions
Our team will craft custom investment strategies designed to match the liability profile, goals, and overall risk tolerance of the plan sponsor. Our analytical process is explicitly focused on understanding these unique constraints and translating them into an appropriate investment strategy.
Retirement Plan Perspectives September 2018
Although not all public pensions are poorly funded, the average public plan’s funded ratio is still well below its pre-financial crisis level . . .
Cash Balance: Bring Investment Management Into Focus
Watch Meghan Elwell, Director of Strategy Development at Sage discuss the Cash Balance landscape.
The Fundamentals of LDI: A Balanced Framework for Pension Ri...
By now, most plan sponsors and their advisors are familiar with pension risk management (PRM) and liability driven investing (LDI).