Retirement Consulting

Offering a retirement plan to your employees can be one of the most rewarding decisions an employer can make. Not only do your employees and their beneficiaries receive a benefit that is a crucial component in their retirement planning, but the employer can benefit as well. 

Here are some common ways:

• Receive significant tax advantages for the owners and their business

• Design a benefit package that is competitive to better recruit top talent

• Structure a compensation plan to reward departments/employees based on productivity

• Create an opportunity for the owners to save for their own retirement while closely monitoring safe harbor rules to ensure that you are maximizing your ability to contribute in a tax efficient manner

Did you know that as a plan sponsor, you have an obligation to your employees to carry out certain important responsibilities because you are acting as a fiduciary on behalf of the participants? 

Wesfair Advisory provides non-discretionary investment consulting to plan sponsors and works alongside the plan’s TPA, recordkeeper and other service providers. Our services may include:

• Assist the plan sponsor in developing and reviewing an investment policy

• Assist the plan sponsor in evaluating and selecting an investment lineup

• Monitor investment options using quantitative and qualitative measures and make recommendations for changes

• Assist with documentation supporting the sponsor’s investment-monitoring and fiduciary process

• Review TPA, recordkeeper and other service-provider relationships, including fees and services

• Provide general participant education and market updates

Individualized investment advisory services for a plan participant are provided only under a separate advisory relationship.