Business Retirement Plan Solutions
Retirement plans aren't just a savings tool. They are a great way to attract and retain loyal employees as well.
Small Businesses have several retirement plan options, but finding the right fit can be a bit of a challenge. A retirement plan should allow employers to save adequately, but not break the bank with extra expenses. KWB’s team of advisors are able to help business owners identify a suitable retirement plan for their situation whether it’s a SIMPLE or SEP IRA, a 401(k), a profit sharing plan, or a Defined Benefit/Cash Balance pension plan.
KWB partners with well known Plan Administrators in an effort to help maximize employer contributions through the use of tiered plans, while addressing regulatory requirements for employee contributions. The goal is to help business owners save aggressively for themselves while keeping their contribution commitments for employees at a reasonable level.
As regulations have tightened, owners have been forced to take on more and more fiduciary responsibility for their retirement plans. KWB advisors have the ability to support you in this vital role by acting as 3(21) Fiduciaries. Several of KWB’s wealth managers have an Accredited Investment Fiduciary (AIF®) designation. As part of the fiduciary role, KWB provides the following:
- A sample Investment Policy Statement (IPS) – describes the roles of each party involved in implementing and maintaining a retirement plan, as well as the exact process used to select, monitor and replace investment choices within the plan
- Quarterly reports of a plan’s investment choices
- Semi-annual participant education and enrollment services
- Plan fee benchmarking
- Plan provider evaluations and requests for proposal assistance
Whether you’re considering implementing a new plan for your business or you’d like a second opinion on your existing plan, KWB is a valuable resources in the retirement plan arena. Contact KWB to get started.
