Real Wealth is Built Through Planning
Whether you’re looking for assistance in overseeing your current plan or implementing a new one, our team offers the attention and resources to guide you through every step, helping you distinguish among seemingly endless investment options and stay current with regulations and fiduciary responsibilities, as well as educate plan participants on their options.
Having partnered with institutions of varying sizes and industries, we understand how important it is to maximize plan benefits while staying tax efficient. We utilize strategies designed to ensure your plan serves both your needs as an institution, as well as those of your constituents.
Your responsibilities are substantial, and – without additional support – your duties as a plan sponsor can easily absorb precious time. We aim to serve as a seamless extension of your office, providing the support necessary to allow your leaders to focus on growing and advancing your business. Through every phase, we work closely with you to help ensure your retirement plan remains aligned with your preferences as an institution, always propelling you toward your corporate mission.
We have experience establishing and overseeing a variety of qualified retirement plans and non-qualified deferred compensation plans.
Services Include:
401(k) Plans
401(k) Profit Sharing Plans
Simplified Employee Pensions (SEPs)
SIMPLE IRAs
Safe-Harbor 401(k) Plans
Owner Only / One-Person 401(k) Plans
Profit Sharing Plans
Age-Weighted / Comparability Profit Sharing Plans
Defined Benefit Pensions
Third-Party Administration (TPA) Partnership
RWS will provide tailored solutions to your company centered around your goals and objectives:
Micro
<$500k
Small
$500-$5MM
Large
$5MM – 25MM
Institutional
25MM+
Discover Our Approach
Benchmark your retirement plan to ensure it is competitively priced, is customized to your company, and is benefiting the owners and employees. Our Retirement Plan Consulting team incorporates intelligent plan design assistance and ongoing monitoring of vendors and investments, as well as educational opportunities for plan sponsors and participants.
Plan Design
The first step in our consultative process is to identify your group’s core values and to help ensure your plan’s objectives support these values. Together, we’ll then set goals and priorities and record them in a Service Plan for regular reviews and access through our secure client portal, the Plan Vault.
Vendor Selection
We’ll support your search for appropriate vendors, based on your plan’s values and goals. We’ll help negotiate your fees so your participants not only have access to a comprehensive array of investments, but also get to keep more of their overall returns. We’ll also monitor the vendor on an ongoing basis.
Investment Selection and Monitoring
We provide independent investment research and analysis though our institutional due diligence process that helps monitor appropriate investment menus for participants. Plan sponsors rely on our process to seek enhanced investment opportunities, manage risk, and address fiduciary responsibilities.
Ongoing Education for Plan Sponsors
We provide educational opportunities for plan sponsors to improve decision-making when it comes to vendor selection, fiduciary responsibilities, investment choices, and participant education. Plan sponsors also receive the benefit of a monthly newsletter outlining the latest news and trends in retirement plans.
Ongoing Education for Plan Participants
Our strategies are designed around the needs of real people, delivering customizable assistance with measurable results. Just as we’re committed to the education of plan sponsors, we also seek to educate plan participants through our personalized interactive workshops, participant newsletters, and seminars and webinars.
Continuous Benchmarking & Monitoring
We will continuously monitor to make sure the plan we built fits your situation and make changes required. The plan will stay competitive from a pricing, education, and participant standpoint by continuous maintenance.
Benchmark your retirement plan today.
Frequently Asked Questions
Plan review: annually.
Benchmark and due diligence of your retirement plan provider: every 3 years.
408(b)2 document and an annual plan summary review document.
Participation rate average: 73%
Savings rate average: 6%
These numbers vary significantly by industry.
This varies by company but some main services that should be offered and integrated into your retirement plan offerings, include:
- Annual plan reviews with the plan sponsor
- Regular group educational meetings for the employees
- Drop-in review meetings block at the company’s location for participants
- Financial planning services (commonly added to your employee handbook as a benefit to all employees)
- Educational and planning resources
- Mobile app and online resources/access to retirement plan.
- Recordkeeping
- Advisor Comp
- TPA
- Fund Expense Fees
- Fiduciary Protection(Optional)
