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 can help you carry out your fiduciary and compliance responsibility, all while providing the following services:

Construct a retirement plan and investment policy
Select an investment lineup that is low cost and diverse
Monitor investments using quantitative and qualitative measures
Assist in the preparation of key documentation used to support regulatory filings
Review third-party administrator (TPA) and recordkeeper to ensure competitive pricing and quality service
Provide on-site market updates and frequent virtual office hours to field investment related queries from employees