EMPLOYEE RETIREMENT PLAN MANAGEMENT

Employer-sponsored plan management for your unique situation

WHY FINANCIAL PLANNING FOR SMALL BUSINESS OWNERS IS DIFFERENT

Businesses know that attracting and keeping talented employees can be challenging. What’s more, they face basic responsibilities and fiduciary duties when it comes to employee retirement plan management. Managing your 401(k) or other retirement plan requires specific knowledge, skills, and time that you or your team may not have.

THE CHALLENGES OF EMPLOYER-SPONSORED RETIREMENT PLANS

Employee retirement plan management is a specialized area of practice that requires servicing professionals with an in-depth understanding and knowledge of requirements for the unique challenges that often arise. A professional financial advisor can help you avoid liabilities and stay on track with your fiduciary responsibilities by managing your plan or by providing advice as a consultant. A dedicated specialist can assist you with a wide spectrum of functions surrounding operations, including:

Selecting an employee retirement plan management solution concept with four people reviewing a computer.

SELECTING AN EMPLOYEE RETIREMENT PLAN MANAGER

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. Get a description of how plan assets will be invested and managed, and how your plan participant directions will be handled. Finally, review the firm’s performance record and the experience, qualifications, and credentials of the professionals handling your plan, along with any enforcement actions taken against them.