Beacon Financial Strategies works with business owners and plan sponsors of corporate sponsored retirement plans to provide guidance in the following areas:
1. Fiduciary Support
As a business owner or CFO, do you understand your role as the fiduciary of your 401(k) or 403(b) plan? Have you taken steps to mitigate your liability under ERISA 404(c)?
As a Registered Investment Advisory firm (RIA), Beacon partners with plan sponsors and other qualified plan decision-makers to provide fiduciary support and help you limit your liability.
2. Plan Design and Structure
Does your existing 401(k) plan meet your and your employees’ retirement savings needs? Are all employees, even “highly compensated” employees able to make the maximum contribution into your plan? Is your investment menu comprised of the lowest cost, highest quality alternatives?
Beacon can work with you to update and customize your existing 401(k) plan such that employees can make maximum use of the plan while leveraging the long-term benefits of low cost investments.
3. Ongoing Due Diligence and Monitoring
Do you have, or need a process for monitoring the menu of investments offered to plan participants? Do you understand the many 401k plan service-providers available to help you in your fiduciary role?
As a fiduciary to your retirement plan, Beacon can provide ongoing investment management and monitoring of plan investments. This ensures that you and your employees have access to high quality alternatives and a due diligence process that serves to reduce liability on the plan sponsor.
In addition, Beacon provides participant education services so that your employees are more knowledgeable with the choices available and confident their investment strategy is appropriate given their investment objectives.