SERVICES: RETIREMENT PLANS
SERVICES: RETIREMENT PLANS
Financial Planning for Retirement
Defined Contribution Plans
In addition to securing your own future, as a retirement plan sponsor, it is important to offer employees a way to plan for life after work. We believe people are increasingly concerned about the resources they need to not only sustain their lifestyle in retirement, but to have the freedom to pursue other passions beyond their previous profession.
We understand perspectives from both sides of the table, enabling us to craft defined contribution plans that benefit you and your employees alike. We strive to create a solution that allows everyone to focus on maintaining a successful career and long-term outlook.
401(k)
Providing the means to secure a comfortable retirement is key to attracting and retaining a talented workforce. But your duty doesn’t end there. As a plan fiduciary, you’re held to the highest standards of ethics and responsibility under the law.
Fiduciaries are required to act solely in the best interests of the plan participants, act in a prudent manner, diversify the plan's investments, and ensure the plan expenses are reasonable. Some providers may have inherent conflicts of interest. So we, as a fiduciary, will share in these responsibilities and strive to eliminate any such conflicts.
Beyond plan compliance, we also offer consulting services for all other facets of your 401(k) plan, including:
- Plan design review with unbiased third-party administrators
- Robust investment options: open-access, non-proprietary solutions
- Full back-office integration with efficient plan administration and reporting
- Cost containment to eliminate excessive and unnecessary fees
- Comprehensive participant support throughout the entire process
401(A), 403(B) And 457
Although employees in the education, nonprofit, and public sectors may have a pension, it does not always go far enough to ensure a comfortable retirement. Employers that offer a 403(b) or 457 plan to give these workers — those who serve our communities — an opportunity at supplemental savings.
However, these plans may be inadequate in terms of investment returns when measured against the costs involved. In our experience, plan sponsors — despite their best intentions — may be unaware of the shortfalls. The situation can be compounded by inherent conflicts of interest that preclude bringing facts to light.
Acting as a fiduciary, we can assume the responsibility of selecting, monitoring, and replacing investment choices and confirming plan costs are appropriate. Additionally, we offer the following consulting services:
- Plan design review with unbiased third-party administrators.
- Robust investment options: open-access, non-proprietary solutions.
- Full back-office integration with efficient plan administration and reporting.
- Comprehensive participant support throughout the whole process.