Employer-sponsored plan management for your unique situation
Business executives know that attracting and keeping talented employees can be challenging. What’s more, you also face basic responsibilities when it comes to employer-sponsored plans. Managing your 401(k) or other retirement plan requires specific knowledge, skills, and time you may not have.
Plan Management is a specialized area of practice that requires a servicing professional with an in-depth understanding and knowledge of requirements and any unique challenges that may arise. The good news is that Global Wealth Advisors can manage your plan for you or simply provide advice as a consultant.
Gain access to business planning and 401(k), 403(b), 457, TRS, and TSP benefit plan specialists experienced in:
Here’s a look at the spectrum of services we provide broken out below:
A professional financial advisor can help you avoid liabilities and stay on track with your fiduciary responsibilities. A specialist can also assist with the wide range of functions surrounding operations including:
As a complement to the Retirement Programs, we also help businesses take control of their employee’s financial wellness. We offer executives and staff approaches and strategies designed for a broad range of needs, and product choices to implement these strategies. Specialists can assist with functions including:
When searching for a service provider, consider the firm, affiliations, and experience with 401(k), 403(b), 457, TRS, and TSP planning, and assets under management (AUM). Also, consider their objectivity and ability to provide unlimited solutions to meet your needs, rather than a limited selection. You’ll also want a description of how plan assets will be invested and managed, and how your plan participant directions will be handled. Finally, you will want to review the experience, qualifications, and credentials of the professionals who will be handling your plan, any enforcement actions taken against them, and the firm’s performance record.
We’re happy to discuss your specific retirement plan needs with you.
As an employer with 100 or fewer employees, you have the ability to establish a simple and cost-effective retirement plan for you and your staff. There are a few options available, but one you may want to consider is the Savings Incentive Match Plan for Employees, commonly known as SIMPLE IRA. This plan type is an attractive recruiting and retention tool for highly compensated employees who are deterred from traditional 401(k) plans due to discrimination testing.
Planning for a successful future is not a one-size-fits-all plan. Your business needs are unique from all other business owners, even if your business is in the same industry. With such a diversity in businesses and owners, how do you go about finding the plan that is best suited for you? Here are three approaches to planning that can help you improve your odds for future success.