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401K Advisory for Corporations and Corporate Risk Control Solutions

A great 401k plan is essential for attracting and retaining top talent. Sponsoring and maintaining a retirement plan that meets participant needs is a major responsibility involving many time-consuming tasks. NovaDius is an independent Registered Investment Advisor (RIA) specializing in small-to-medium sized business 401k and benefit plans. We will work to lower your overall costs and provide superior participant education.

Here are the ways we can help you

  • Provide an Investment Policy Statement (IPS) for the plan sponsor to review, customize and implement.
  • Help protect owners from lawsuits by plan participants by acting as 3(21) fiduciary or facilitating a relationship with a 3(28) fiduciary.  https://www.forusall.com/401k-blog/3-21-fiduciary-vs-3-38/
  • Monitor compliance issues and legislative changes.
  • Review and improve the investment menu.  Continually monitor investment choices.
  • Ensure proper and cost-effective plan administration.  Periodically benchmark plan to peers to ensure competitive pricing and investment options.
  • Educate plan participants.  Provide ongoing enrollment and investment education support to plan participants via on-site meetings.
  • Monitor and increase participant satisfaction.
  • Ensure the plan matches employee demographics.
  • Ongoing oversight of plan design and implementation.
  • Partner with third party administrators and recordkeepers with local reps so that your entire benefits team is available to meet in person.
  • Design a Cash Balance plan.
401k 500

We don’t sell proprietary investments and we work with recordkeepers like Vanguard and Voya to arrange an open architecture for your plan.  If you haven’t reviewed outside advisor options in the last few years, let us review your plan for improvements, cost savings and ERISA compliance at no obligation or cost to you.   

Corporate Risk Control

We work with the top insurance brokers to help companies lower their risk with group and executive disability coverage, key-person coverage, and buy-sell funding.  If you haven’t shopped around lately, let us do it for you at no obligation or cost.

Corporate Cash Management

Need your liquid corporate assets to work harder and earn more?  We provide custom fixed income investment management solutions tailored to your liquidity needs.  Pursue a better rate of return than what the bank or money market fund is paying.

Elliott Homan

Vice President of Operations and Advisory Services

My Story:

Like many in our field, I was initially drawn to financial planning by the numbers. But what’s kept me here is the people. Over the years, I’ve seen how easily financial guidance can become disconnected from the lives it’s meant to serve. I wanted to be part of a firm where relationships come first—where we know our clients well enough to anticipate their needs, not just react to them. Novadius is that firm.

Why Novadius:

I joined Novadius to be part of something different. We started this firm to challenge the status quo of an industry where promises often go unfulfilled—firms claiming to offer “customized plans” and “deep client relationships” while managing hundreds or even thousands of accounts. That’s not us. At Novadius, we limit the number of clients we work with so we can deliver on what we promise. Every plan is tailored, every strategy is intentional, and every relationship matters. We treat our clients the way we treat our families—because that’s how it should be.

Family:

I live in Fairway, Kansas with my wife Michelle, our son Henry, our daughter Elizabeth, and our dog Rush.

Hobbies:

Outside of work, I enjoy spending time with family and friends. I’m also proud to serve on the Finance Committee at our church.

Education & Certifications:

  • B.S. in Accounting and Business Administration with a minor in Communication Studies, The University of Kansas
  • CERTIFIED FINANCIAL PLANNER™ (CFP®)
  • Series 65 License
  • Life & Health Insurance License
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