If your 401(k) plan has not engaged an independent financial advisor, Ubiquity Retirement + Savings offers a built-in solution to help you meet your fiduciary responsibilities and provide your employees with high-quality investment options—without requiring you to manage the investments yourself.

Through our partnerships with Morningstar Investment Services and Kaye Capital Management (KCM), we offer managed investment platforms tailored to fit the needs of small business retirement plans.

Who This Applies To

This information is for plan sponsors who:

  • Have not retained an independent 3(21) or 3(38) financial advisor
  • Want to reduce fiduciary liability and simplify investment oversight

What Are My Managed Investment Options?

Ubiquity partners with two trusted providers to offer managed investment solutions:

Morningstar Managed Plan Solutions (MPS)

For plans using the Morningstar platform, MPS offers:

  • Five pre-set investment strategies, each representing a different risk level and time horizon
  • An optional online questionnaire to help participants select an investment mix based on age, risk tolerance, and retirement goals
  • The ability to self-direct: Participants may either follow the recommended model or build their own portfolios from the provided fund list

Morningstar Investment Services is a registered investment advisor and wholly owned subsidiary of Morningstar, Inc. While not affiliated with Ubiquity, they bring independent investment expertise to your plan.

💡 Fees: Please refer to your plan's Morningstar agreement for applicable fees.

CensiblyYours® Financial Wellness Tools Powered by Kaye Capital Management

For plans using the CensiblyYours® platform with either Matrix or Schwab trust, KCM acts as a formal 3(38) investment fiduciary—meaning they assume legal responsibility for fund selection and monitoring.

What’s included:

  • Turnkey model portfolios: Participants can select from prebuilt, risk-based asset allocation models (Aggressive Growth, Growth, Balanced, Growth & Income, Income)
  • Index-based investment lineup: All portfolios use low-cost index funds to meet Department of Labor (DOL) fiduciary standards
  • Ongoing monitoring: KCM ensures the investment lineup stays in compliance with your Investment Policy Statement and updates allocations as needed

💡 Participant Fees (based on account balance):

  • $100–$2,499.99 = $1/month
  • $2,500–$4,999.99 = $2/month
  • $5,000+ = $3/month

Why Choose a Managed Option Without Hiring a Financial Advisor?

  • Reduced fiduciary liability: KCM acts as your 3(38) fiduciary, taking on the legal risk for fund selection
  • Simplified compliance: No need to research or monitor funds yourself—KCM or Morningstar does it for you
  • Employee empowerment: Participants receive guidance while maintaining flexibility to direct their own investments if they prefer
  • Cost-effective: Managed solutions offer low-cost, diversified index portfolios with clearly defined participant fees

What Happens If You Don’t Use a Managed Solution or Hire a Financial Advisor?

If your plan does not engage a fiduciary advisor or utilize a managed fund platform like Morningstar or CensiblyYours, you are personally responsible for:

  • Selecting and monitoring a diversified set of investments
  • Ensuring fees are reasonable and the lineup meets DOL standards
  • Documenting your investment decisions and maintaining an Investment Policy Statement

Failing to do so may result in lawsuits or DOL penalties for breaching fiduciary duties under ERISA.

Available Fund Lineups With Managed Investment Solutions

Each managed platform uses slightly different investment lineups, but all include core index funds across asset classes:

Example Funds (Partial List)

  • US Equity: Fidelity 500 Index (FXAIX), Vanguard Growth Index Admiral (VIGAX)
  • International Equity: Fidelity International Index (FSPSX), TIAA-CREF International Eq Idx Instl (TCIEX)
  • Fixed Income: Fidelity US Bond Index (FXNAX), Schwab Short-Term Bond Index (SWSBX)
  • Cash/Stable Value: Schwab Bank Savings, Vanguard Federal Money Market (VMFXX)

The full fund list is available upon request or from your plan documents.

Need Help Choosing an Investment Strategy?

If your plan uses the Morningstar platform, participants can complete a simple risk tolerance questionnaire during enrollment.

If your plan uses CensiblyYours, KCM’s model portfolios offer an intuitive glidepath from growth to income strategies, based on participant preference.

Got Questions?

If you need assistance, please contact us.