401k Assistance for Plan Sponsors
Discover the myriad advantages that your 401(k) plan can bring to your business. From attracting and retaining top talent to providing tax benefits for you as an employer, the plan offers your employees the golden opportunity to build a secure retirement nest egg. Navigating the complexities of managing a 401(k) plan requires expertise. As your skilled plan advisor, we serve as your invaluable guide, ensuring compliance, aiding in astute investment selection, and perpetually optimizing the plan to align with ever-evolving financial landscapes.
Our Approach
Our personalized strategies are meticulously tailored to meet your business's unique needs. We're not just an advisor; we're an educator, enlightening both you and your employees about investment options, contribution strategies, and the enduring benefits of a well-structured plan.
Benefits Tailored for Your Business
Accurate advice and planning will help you create a competitive benefits package, enhance employee satisfaction, foster financial resilience within your workforce, and build a company that stands strong in the face of economic challenges.
"Before anything else, preparation is the key to success."
- Alexander Graham Bell
Empower Your Employees
Knowing the intricacies of your 401k options will help you and your employees make informed investment decisions, maximize your contributions as an employer, and seize control of their financial trajectory. It's not just about retirement—it's about empowering individuals for a financially secure future.
Continuous Support and Monitoring
Beyond the initial setup, our commitment extends to perpetual support. We will monitor plan performance and participant outcomes. We will provide you with regular updates and adjustments, ensuring it stays in harmony with the ever-changing financial terrain.
Vector Financial advisors provide retirement plan management as a 3(21) ERISA Fiduciary.
For an annual advisory fee of no more than 50bps, or one half of one percent of the total assets in the plan, our services include:
- Investment Policy Statement (IPS) preparation
- Complete plan benchmarking with provided report
- 3(21) Investment Fiduciary status
- Employee Education Meetings
- 404(c) compliance assistance
- Asset Allocation Models (on participating platforms)
- 3(38) Fiduciary selection and monitoring assistance
- QDIA selection and monitoring
- DOL audit assistance
- Individualized participant advice services are available at no additional cost
Additional services when moving assets to a new provider:
- RFQ process management
- Plan document assistance
- Adoption agreement review
- Plan Enrollment / transition
Why Choose Vector Financial for Your 401k Journey
Choosing us means choosing a team that cares about your business success. We're here to make your 401(k) journey simple, yet customized. Our expert guidance ensures your employees get the best benefits, and we help you create a strong and competitive package. With us, it's not just about managing your 401(k) plan—it's about building a future where your business and employees thrive.