As an independent advisor we are able to partner with a wide variety of 401(k) plan administrators including many of the largest, most respected and specialized companies in the industry.This includes Fidelity, Vanguard and Empower. We educate our clients on their plan’s investment quality, diversification and fee structure. We make recommendations and assist our clients with upgrading their retirement plans. Our 401(k) services include:
- Providing superior investment choices
- Monitoring the plan and making periodic investment changes
- Providing investment and retirement guidance to plan participants
- Minimizing plan fees
As part of our services, we work closely with actuarial, law and recordkeeping firms to help business owners design and manage large contribution retirement plans. These plans may include profit sharing, traditional defined benefit, cash balance, 401(k) and/or a combination.
For qualified business owners, some retirement plans permit annual contributions in excess of $200,000, depending on the age of the business owner. These contributions directly reduce corporate taxable income and the investments grow on a tax deferred basis.
The following businesses may be good candidates for large contribution retirement plans:
- Medical/dentistry practices
- Law firms
- CPAs
- Closely held businesses
- Sole proprietors