Profit Sharing

Profit sharing plans can give employers flexibility to make discretionary contributions on behalf of eligible employees and can be a valuable part of an overall retirement and compensation program.

Wesfair Advisory helps plan sponsors evaluate whether a profit sharing arrangement is appropriate for their goals and works with the plan’s TPA and other service providers on plan design considerations, including eligibility, contribution structure and vesting. We also help evaluate plan fees and investment options and provide ongoing investment monitoring and participant education.

We coordinate with the plan sponsor, TPA, recordkeeper and other professionals to help support the plan’s ongoing operation and investment oversight.