Corporate Advisors Group
As an employer and sponsor of a 401K, pension and other employee benefits, your company shoulders a major responsibility. You must listen to the needs of your employees and then select the appropriate service provider(s) at a reasonable cost, determine the optimal plan design provisions, choose and monitor investments, keep up with legislative changes, ensure your plan is administered properly, and educate and inform plan participants. All of this hopefully results in a plan that inspires employees to reach their retirement goals, while helping you recruit and retain valuable associates.
How do you know if your company is meeting these challenges? How do you select service providers or investments- what are the criteria? How do you know if your plan is working? Does your company have the resources to handle these responsibilities alone?
Unless your company has the individuals on the payroll with 401k expertise who are dedicated to managing your employee retirement plans, you should consider hiring a Retirement Plan Consultant who specializes in 401(k) plans and is as dedicated to listening to your needs as you are to listening to your employees’. In essence, you need a knowledgeable Financial Advisor who will place you first.
In general, all 401(k) plans have the same basic objective- to serve as a retirement savings plan for employees. Yet just as there are many models of cars, there are many different models of the 401(k) machine. Our role as your 401(k) plan advisor is to help you set reasonable expectations, select the right machine for the job, and then manage both the expectations and the moving parts on an ongoing basis to help ensure a successful plan.