Retirement Plan Services:

In this fiduciary role, we provide unbiased, fee-only guidance that extends beyond number crunching and investment discussions. As part of our comprehensive financial advice, we may collaborate with experts in tax, estate planning, business valuations, real estate, and philanthropy.

• Have you considered setting up a business retirement plan? Do you understand the advantages they offer?
• When was the last time you had your company retirement plan, whether it's a 401(k), 403(b), Solo 401(k), SEP IRA, Simple IRA, profit-sharing plan, or cash balance plan, assessed and analyzed for its effectiveness?

We strategically utilize retirement plans as a key component to help you achieve your retirement and income tax reduction goals, while also providing valuable benefits to your employees.

The following services are offered to plan sponsors:

• Yearly plan design consultation, collaborating with your investment sponsor, third-party administrator, and specialists
• Quarterly investment fund fiduciary review with hold/watch/replace suggestions
• Cash flow strategy for your company
• Tailored annual enrollment sessions
• Financial wellness program with educational meetings based on plan size and participant count

Additionally, some business owners opt to utilize our qualified plan consultancy services before designating us as their primary financial managers. Commonly sought services, include:

• Plan design review: Collaborative meetings to assess plan design and propose potential modifications based on objectives.
• Investment audit: Comprehensive fund review with specific hold/watch/replace recommendations.
• Target date-only audit: Similar to the investment audit, focusing on target date or asset allocation series funds.
• Recordkeeper benchmarking: Thorough review and competitive quotations for potential recordkeeper replacement or benchmarking.

Consultative Insurance Advice:

Our insurance advice for business owners is centered on safeguarding your business, personal financial interests, and the well-being of your employees. The guidance we provide is tailored to your specific needs and circumstances and include one or more of the following:

• Group Health Insurance: You and your employees need coverage for medical expenses, including doctor visits, hospital stays, and prescriptions. We can design a plan with cost-sharing options and ensure regulatory compliance.
• Life and Disability Benefits: These essential components of an employee benefits package can provide a financial payout to an employee's beneficiaries in the event of their death or income replacement if an employee becomes unable to work due to a covered disability.
• Buy/Sell Life Insurance: This strategic tool used in partnerships or closely held companies facilitates the orderly transfer of an ownership stake to surviving partners and/or spouses by providing funds to purchase an owner’s share in the event of death. We’ll recommend the appropriate life policy(ies) to fund such an agreement to ensure a smooth transition of ownership and financial security for all parties involved.
• Key Person Coverage: Protects your business from financial losses if you or a key employee, vital to the company's success, becomes disabled and unable to work or passes away. It provides funds to cover the financial impact of such a loss and we’ll help determine the appropriate life and disability coverage to select.