This is not a one-time effort! We continue to think, understand, and manage the retirement plan according to organizational and industry changes.
*Partnerships not limited to Providers listed
Not only do we directly support Plan Sponsors, but we also make ourselves available as direct support for employees!
We keep plan operation costs low by leveraging our industry knowledge and partnership with industry-leading providers to find the right Plan Provider at the right price, negotiating with Providers on your behalf for lower fees
As the Advisor on the Plan, we keep our advisor fees low to encourage increased participation and higher returns for you and your employees! High fees in a retirement plan eats away at the potential growth of retirement savings, so we keep costs low in order to maximize savings!
Assumptions: Salary of $60,000 annual, with 3.1% COLA increase. Employee Contribution rate of 5%. Stocks average annual return of 7.69%. 2.31% annual inflation rate.
Additionally, as a Benefits Firm, when we are managing all other Employer Health benefits, we are able to further reduce our Advisor fees.
We always push for the lowest share class available and recommend a combination of passive (Index) funds and actively managed funds, which gives participant’s the best mix of solid, low-cost investment options and high-performing, market-leading funds.
We utilize top-of-the line investment evaluation software from industry leader Fi360 to ensure the investments in your plan continue to remain of high-value to plan participants, performing at their maximum level relative to the category risk.
References: (1) Pension Data Source, Inc. (2020). 401(K) Averages Book (20th ed.).