Retirement Security For You and Your Employees
Retirement plans can offer you, the employer, an array of planning options to meet your objectives. Yet we find many retirement plans fail to meet the owners’ goals because key questions weren’t addressed prior to implementation. If the right questions aren’t asked, you can be sure proper “planning” is missing in action!
CVA provides specialized expertise to the ($1-$20 million) retirement plan market. Whether you are a sole practitioner or have 100 employees, we partner with expert TPAs and actuaries to help you design a DOL and IRS compliant, cost-effective plan that will work best for your goals. A few areas where we’ve helped owners’ discover opportunities that delivered significant value:
- Eliminate excess hidden fees that burden many small retirement Plans
- Minimize your fiduciary liability and assure your Plan is compliant
- Streamline and simplify Plan administration
- Educate employees on real life saving and investment concepts vital to retirement readiness
- Structure a plan that can facilitate an employee(s) succession plan
- Maximize owners personal tax & saving; minimize employee contribution cost
The first question we ask owners:
Is your plan a personal tax & saving benefit or an employee benefit?
Then we ask a few more questions so we can focus on the issues that are most important to you. All Plans have Administration, Design, Investment, and Fiduciary considerations. Once we understand your preferences, we can customize the Plan design to meet your needs.
Haven’t had your Plan reviewed? The return on your small time investment could be very substantial. We will perform a competitive review and benchmark your Plan’s services and fees so you can see how you rank vs. the industry and vs. what we can offer you. There’s nothing to lose
NOTE: the plan design examples on the following pages show the proven saving power and cost efficiency of intelligent plan design. Once we understand your goals and your firm’s census data, designs can be customized to show you the results you can expect to achieve.
Social Security – Fix or Fumble the Political Football The Center for Retirement Research at Boston College reports that the Social Security “trust fund” is due to deplete its surplus reserves by 2035. Contrary to sensationalized reports, the authors illustrate the...
I thought I would highlight a few trends for you in 401k Plan Administration as we head into 2018. A continued trend and concern for employers is employees who are stressed about their personal finances. This often leads to lower productivity; and for employees who...
Last month we reviewed some differences and similarities between 401ks and IRAs that can create cost and confusion. Yet another difference you and your employees should know about is beneficiary designations. This applies to 401ks, IRAs, insurance policies, annuities,...