Corporate Pension & 401(k) Management Services
As a Chartered Retirement Plans Specialist (CRPS® and Accredited Investment Fiduciary (AIF®) Robert is committed to the design, installation, maintenance and administration of corporate 401(k) and pension plans.
At Young Financial Services, we are committed to building strategies which help clients arrive at their goals on time and fully funded.
When We Work For You, You’ll Have:
An Agent who will help maximize employee retirement savings with quarterly meetings with participants to help them achieve their retirement goals and 24/7 advisor access for individual participant meetings
A Fiduciary that will help eliminate risk through oversight and documentation of the retirement plan process
A Partner who understands every aspect of your plan such as fees, documents, investments, and fiduciary obligations with annual monitoring and analysis of fees and investment performance
A Commitment to manage the retirement plan process so you can focus on what you do best - the successful management of your company
The Role of the 401(k) Advisor:
As an employer and sponsor of a 401(k) plan, your company shoulders a major responsibility. You must listen to the needs of your employees and then select the appropriate service provider(s) at a reasonable cost, determine the optimal plan design provisions, choose and monitor investments, keep up with legislative changes, ensure your plan is administered properly, and educate and inform plan participants. All of this hopefully results in a plan that inspires employees to reach their retirement dreams, while helping you recruit and retain valuable associates.
That is where a professional 401(k) advisor steps in – to develop and monitor an overall retirement plan strategy with specific goals to ensure the success of your objective.
Employee Communication, Retirement Planning, and Investment Education:
We believe that coordinating enrollment meetings and providing ongoing investment education for participants regarding plan options is a valuable part of our service. We will be available to your employees by phone and, periodically, in person for individual consultation. If enrollment and/or education teams from the provider are necessary due to multiple company locations, we will coordinate those efforts. We also provide supplemental educational materials if desired. In addition, we can integrate qualified plan goals into a personal, customized financial and estate plans as necessary. Finally, we will educate plan participants about plan distribution alternatives, provide retirement cash flow analysis, and whenever necessary, consult with retirees regarding investment asset allocation.
Serving as the Primary Contact for all Aspects of Plan Servicing:
No longer will you or your employees need to wonder who to call when problems or questions arise. We’ll act as the single source responsible for managing all the moving parts and will troubleshoot as needed. Moreover, we will monitor the service providers to ensure that they continue to meet your retirement plan needs, replacing them if necessary.
Providing Ongoing Plan Reviews:
This includes: discussing overall plan service, operation and results, such as participation levels, deferral percentages, loans, non-discrimination testing, enrollment and communication strategies, and any other items of relative importance; offering a performance analysis at least annually of investments utilized by the plan versus benchmarks and/or peer groups; monitoring funds selected by the plan sponsor for style drift and correlation with fund investment objectives stated in the IPS; and providing regulatory updates such as information on legislative, Department of Labor and IRS matters of relevance to retirement plans.
Evaluating and Selecting Service Providers:
A qualified 401(k) advisor can diagnose the particular aspects of the service delivery that are critical to your situation and recommend the most appropriate alternatives. Since we are Independent advisors, we are not tied to a particular provider and we’re free to recommend what is best for your company and employees.