401(k) / Pension

The 401(k) plan is the fastest growing type of retirement savings plan.  One reason for its popularity is that it allows both employer and employees to share the responsibility of retirement planning.  Consider these benefits: Reduces tax liability.  Employer contributions, employee salary deferrals and operating expenses are all tax-deductible. Recruitment and retention.  A 401(k) plan builds morale and attracts and retains quality employees.

• Reduces fiduciary liability.  We can help you design your plan to comply with 404(c) regulations to limit your fiduciary exposure.
• Low cost.  The 401(k) market has become very competitive.  We represent many plan providers that offer inexpensive, full service programs.

Benefits to Employees Tax deferred contributions and growth.  Contributions reduce employees’ current income tax liability and allow contributions and earnings to grow tax-deferred until distributed. Greater contribution limits than IRAs. With annual increases and catch-up contributions for employees age 50 and above. Participant communication. We offer employee meetings and help members determine how much to defer and how to properly allocate their assets among the investment options.

• Professional Investment Management.  Funds available to participants offer competitive performance and are managed by seasoned investment professionals.
• Investment Flexibility.  Participants structure their own distinct portfolios, customized to their own needs and risk comfort level.
  

• Services to Client
• Meetings with Fiduciary Committee to monitor plan investment options.
• Objective consulting with no allegiance to any 401(k) provider.
• Increase employee education in order to comply with 404(c) regulations.
• Assist with new employees and terminated employees.
• Enrollment meetings.

• Enrollment
• Features and Benefits of 401(k) plan.
• Diversification and risk tolerance.
• Basics of a Mutual Fund.
• Importance of Diversification and risk tolerance.
• On-site meetings at clients’ principal locations.
• Re-enrollment sessions.

• Communication
• Tax savings advantages of a 401(k) plan.
• Maximize employee awareness, satisfaction, and participation.
• One-on-one counseling for participants needing investment advice.
• Online communication and support.
  
  
• Education
• The relationship between risk and reward.
• Importance of diversification.
• Asset allocation strategy.
• Ways to manage portfolio.
• Ways to manage portfolio.
• How much needed for retirement.
• Distinction between various asset classes.
• Continuing educational seminars.