Retirement Plan Management

Employer-sponsored plan management for your unique situation

401K Plan Management text written on paper with pen and glasses

Challenge of Retirement Management and Employer-Sponsored Plans

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.

Retirment 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:

  • Strategy consultation. Assisting with corporate 401(k) plan design and administration.
  • Executive benefits. Personalized analysis and tailored recommendations on executive benefit plans.
  • Current employer-sponsored benefits. Assessing and maximizing current employer-sponsored benefits and offerings.

Here’s a look at the spectrum of services we provide broken out below:

Plan Sponsor Services

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:

  • Plan design & implementation
  • Fiduciary oversight & training
  • Investment menu design & monitoring
  • Personalized participant communication & education programs
  • Fee analysis, plan benchmarking, provider search & negotiation

Retirement Plan Management

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:

  • Attending company 401(k) meetings to answer questions
  • Quarterly or biannual employee training and education
  • Personalized goals analysis
  • Tailored executive retirement plan recommendations
  • Assess and maximize current employer-sponsored benefits
  • Retirement strategy
  • Investment account consolidation
  • Assistance managing nonqualified deferred compensation plan
  • Tax-advantaged strategies

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.

If you are a small business owner, learn more about the additional unique financial planning challenges you may face.

Simple IRA: Is This the Best Plan for Your Business? Back to Top

The SIMPLE IRA: Is This the Best Retirement Plan for Your Business?

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.


Roth 401(k) and 403(b) Plans for Employers Back to Top

Roth 401(k) and 403(b) Plans concept with businessman holding tablet with financial graphs rising above it.

Since their creation several years ago, Roth 401(k) and 403(b) plans have become increasingly popular options for employees to save for retirement. Like their counterparts—traditional pretax 401(k) and 403(b) plans—they are established by an employer and allow eligible employees to save for retirement. Roth 401(k) and 403(b) plans, however, differ dramatically in terms of tax planning.


Approaches Business Owners Can Use For Planning Back to Top

3 Approaches Business Owners Can Use for Planning depicts female business owner standing outside a stone building.

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.


These 7 Pillars Form an Important Base for Financial Success

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