For more than 40 years, we’ve worked with business owners to design retirement savings plans that support their individual and business goals.
We recognize that as a business owner, your time and energy need to be devoted to growing your company. Our goal is to assist you in navigating the complexities that come with the design and administration of a company retirement plan. A well-designed and implemented retirement plan can do the following:
We ensure that you have a clear understanding of your role as a plan fiduciary - protecting the plan assets and with responsibility for the plan’s maintenance.
By understanding your unique financial situation and business goals, as well as any existing retirement plans, we can present retirement plan options along with advantages and trade-offs, costs, and investment options. In addition, we bring to the table potential partners to serve as third-party administrators and record keepers.
When it comes to retirement planning, there is no such thing as a “one size fits all” approach. Our team is passionate about designing a solution that helps you, the plan sponsor, meet your fiduciary duties and company goals. We provide any or all of the following services:
For many business owners, the question is not “Should I implement a retirement plan?” but rather, “Which plan is right for my business?” Below are answers to some common questions.
As soon as your employees are enrolled in your 401(k) plan, they will receive training and information related to enrollment, getting started, choosing investments, and more.
It depends on the type of retirement plan you have. If you select a Safe Harbor plan, then employer contributions on behalf of the employees are required. If you select a Non-Safe Harbor plan, no employer contributions are required. If you make contributions, however, they are tax-deductible. You have the discretion to offer a match or make additional profit-sharing contributions. This amount can change from year to year.
We would need to know if the companies are deemed to be part of a Controlled Group and if the companies share ownership that would be eligible to pool their employee base into a single plan.
Selecting the right retirement plan is key to keeping your business’s bottom line healthy while meeting the needs of your employees. Browse the seven plan types below to learn more.