Making retirement planning more accessible 

Simplifying and streamlining retirement plan administration 

Offering a retirement plan at your company doesn’t need to be complicated. 

And yet, for many small businesses without a retirement plan, the time and effort involved in managing one are often why it’s never set up. 

But employees are asking for it. Some states are starting to require it. Retirement plans provide a competitive advantage and a tangible way to recruit and retain top talent. And they can also provide your business with valuable tax credits (the potential of up to $16,500 under the SECURE Act), especially for start-up plans.

Once you decide to offer a retirement plan, how do you know which one to choose?

There are several options depending on your company size and structure. More than figuring out which type of plan, you also need to evaluate ongoing plan maintenance needs and fees.

Some business owners choose to go it alone, self-select a plan, and manage it independently. From a tax perspective, this can be risky. From a management perspective, it’s time-consuming. Working with an independent advisor can simplify and streamline the process of starting a new retirement plan.

You get help selecting the plan that’s best for you and your employees. You don’t have to worry about navigating the fine print or disclosures on your own. You have someone in your corner explaining and evaluating plan expenses. And after the plan is established, you have a principal helping to administer it and keep compliance in check.

Solutions for Your Company’s Retirement Plan

  • 401(k) 
  • 403(b) 
  • 457 Deferred Compensation 
  • College Plans (529s)
  • Estate Plans (can help)
  • Executive Compensation (buy sell, defined benefit)
  • Profit Sharing Plans 
  • Employee Stock Ownership Plans (ESOPs)
  • Cash balance plans
  • Defined benefit plans

What if your company already offers a retirement plan, but you’re unsure if you’re receiving the best level of service from your plan administrator?

Often, companies switch providers when the fees become too high. It can also be worth evaluating a different provider if your employees don’t know how to get the most out of their own retirement plans. An advisor who’s invested in your and your employees’ financial health will take the time to offer personalized financial wellness counseling. This is often one of the best ways to increase participation in the plan.

No matter your situation – setting up a first-time plan or switching providers – choosing an advisor is a big decision. A team-based approach for holistic planning can make retirement plans more accessible for your employees and simpler for you to manage.