Corporate Financial Services: Retirement Plan Coordination

Navigating the Fee Minefield

One of our passions at Pioneer Wealth Management Group is promoting efficiency for our clients, weather individuals or employers. Through our years of experience we have discovered many industries that extremely inefficient due to fees, fees, and more fees often in places you do not see. The same applies to retirement plans.

Visit the link below to understand the multitude of places you are charged fees in your employer sponsored retirement plans.

• A Look At 401(k) Plan Fees  U.S. Department of Labor: Employee Benefits Security Administration

Selecting and Monitoring Service Providers

Another very important aspect of providing retirement plan benefits to your employees is undedrstanding the the combination of services that your particular firm will require. There are several pieces to proper retiremen plan coordination. The link below will include a brief summary of what you need to be aware of in selecting the combination of service providers that will be your retirement planning team.

• Selecting Your Services

Understanding Your Fiduciary Responsibility

As an employer who is in charge of selecting retirement planning options for all of your employees, you have a responsibility to ensure that appropriate options are available to your employees as individuals. Selecting suitable investment managers, retirement planning vehicles, and educating your employees are the most important pieces of this puzzle. It is extremely important that you realize this responsibility as an employer, and do your very best to provide your employees with the necessary information. The links below will provide further information on understanding your fiduciary duty.

• Fiduciary Responsibilities

• Fiduciary Responsibility in Selecting Investment Advisors

• Are You Fulfilling Your Fiduciary Responsibility

• 401(k) Plan Best Practices

What Retirement Plan Makes Sense

Now that you understand the basics of your duties as an employer we can begin discussing types of retirement plans.  Pioneer Wealth Management Group, acting as an investment advisor, along with tax and legal advisors to the plan will be able to put together a list of retirement planning options that make sense for you and your employees based mainly on a cost and benefit analysis. As a review of retirement planning options you can visit the sites below.