Group Benefits & Retirement Plans

Simplifying and streamlining retirement plan administration

Navigating the complexities of retirement plans can be overwhelming. Whether you’re lost in the sea of fiduciary requirements or unsure if you’re receiving the maximum business benefits, retirement plan administration goes far beyond the initial plan selection.  

When retirement plan sponsors manage funds for their participants, you assume a legal fiduciary responsibility. This complicated ethical and legal responsibility requires you to act in the best interests of the plan participants – your employees. Fiduciary responsibility is not a business responsibility. It’s a personal responsibility meaning personal risk and liability when making decisions for a retirement plan.  

Many business owners and plan administrators are unaware of the fiduciary responsibilities required of themselves. Fiduciaries have responsibilities for many areas including fee structure, investment process and provider management, extending far beyond completing Form 5500 or filing safe harbor notices. 

Even with the legal fiduciary and compliance requirements, retirement plans can provide your company with a competitive recruitment and retention advantage and valuable tax credits – up to $16,500 under the SECURE Act. Having a trusted advisor by your side to advise on the legal requirements and business benefits can not only give you a competitive edge in today’s job market but also impact your bottom line.  

Employees are asking for it, and some states require it.

Navigating the fine print of compliance and disclosures can be a full-time job. By working with the AdamsBrown Wealth Consultants group benefits and retirement plans team, you’ll have support every step of the way. This includes helping you: 

1. compare and select the retirement plan that’s best for you and your employees.  
2. provide guidance for meeting legal and compliance requirements 
3. evaluate and analyze plan expenses by working alongside you and consulting throughout the process.

No matter your situation, if you’re ready to make retirement plans more accessible for your employees while taking advantage of tax incentives and simplifying plan administration and management, our team of financial advisors stands ready to assist.