Retirement Plan Services

Confidence

Confidence can be difficult to find. As most retirement plan sponsors know, the rules aren’t always clear. The options can be confusing. Plan administrators are frequently plagued with doubts and questions.

  • We’ve had retirement plan products. Where can we get good advice?
  • Is there an easier, more cost-effective way to manage our plan?
  • What can we do to increase employee participation?
  • How can we be certain we are meeting our fiduciary responsibilities?

There is a Better Way

We looked at the retirement plan solutions available for small to medium-sized firms and determined that these plan sponsors are poorly served. We decided to develop a smarter approach to managing company-sponsored retirement plans. It provides you with a well-documented selection process, and a well-executed program that lowers your costs, lowers your fiduciary risk, gives you confidence, and is designed to increase employee participation.

We operate on the premise that you should be able to understand the process -so we make it simple and clear. From the start, we establish a relationship of open communication and transparency so you can make informed decisions. If there are issues with your current program, we address those and position your organization to move ahead safely and confidently.

The People Who Matter

You care about the people who work for you. They rely on you. You want to provide them with a successful investment experience – one that won’t leave you second-guessing. You want them to appreciate what you do for them and your commitment to their future.

Employees naturally have anxieties over investing. The more comfortable they become with their options, the greater their level of participation. So we help remove their fears and improve their experience by educating them about the benefits and the ease of investing for retirement. Much employee anxiety hinges on the complexity of fund selection. So we design a variety of model portfolios that minimize their guesswork, yet still give them excellent options for long-term investing. The range of portfolios accommodates employees in the various stages of their careers and addresses their differing retirement needs.

Your Advocate

Solutions works alongside you to maintain a well-structured program. We provide plan level reporting and we ensure full transparency of administration charges and other fees. We are your liaison between your plan and its provider, offering leverage that you might not have as an individual company. You enjoy competitive pricing and a clear picture of your plan.

As time goes on, most plans go through adjustment and change. We help you to periodically revisit your objectives and your plan, assessing the need for possible adjustments and finding the right time to introduce plan changes.

Investing Methods That Fit

Working with Solutions puts you at ease because we are different. We aren’t brokers or agents, but independent advisors. Our team listens to you. We look out for your best interests and give you objective advice because there are no financial ties between us and the companies or products we recommend. Our advisors understand that you want a strategy that fits your company’s singular needs.

The relationship begins with an assessment of your current program and its performance. If there is room for improvement, you receive our recommendations. Should you need to change plan providers, we have selected several that provide outstanding services in the areas of record keeping, administration and participant reporting. You will also receive our suggestions for low-cost, well-structured investments. At every step your fiduciary responsibilities are addressed with proper documentation. We provide a written Investment Policy Statement for your plan and we share in the fiduciary responsibility by signing onto the plan as an investment fiduciary.

With Solutions, you gain access to better investment choices – options normally available only to larger corporations and high net worth individuals. To help you manage your fiduciary risk, we recommend an investment strategy that meets the American Law Institute’s standards for prudent investing. This means that portfolios are engineered for a disciplined and reliable approach to long-term investing, which makes a good foundation for your retirement plan.

Partners

We have partnered with various companies to support your plan from daily valuation to third party administrators to keep your plan in compliance with the complex laws of retirment plans.  For daily valuation we have partnered with NextStep Defined Contribution, Inc and First Mercantile  to provide employees access to their investments on a daily basis.  We have found these companies to be responsive to both sponsors and employees.  For compliance, we have choosen to partner with Northwest Benefit Consultants, Inc and CKS Employee Benefits, Inc.  We have found them also to be creative in plan design and cost effective in plan management.

Independent Assessment

Let us provide you with a no-cost, independent analysis of your current retirement plan. Solutions services small- to medium-sized qualified retirement plans beginning at $1 million of plan assets. The types of plans include: 401(k), profit sharing, and defined benefit plans. Even if you choose not to utilize our services, your assessment can be kept on file as evidence that you are maintaining a watchful eye on your fiduciary responsibilities. Contact us today for details. Call 815.935.6636.

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Solutions for Wealth Management, LLC
1605 N. Convent
Bourbonnais, IL 60914
Phone (815) 935-6636
Fax (815) 935-0360
Email Us