Broker Check

401(k) Plan Advisors

Is your retirement plan still on the right path?

A 401(k) plan is an important addition to the retirement of a business owner and critical for employees. Whether you diligently review your plan on a timely basis or it has been a few years since your last check-up, our team is proficient in helping you maintain your plan.

ERSI understands the importance of protecting the trustee’s liability, incentivizing and educating employees along the way.

As the business owner, you have a tremendous amount of discretion when managing a 401(k) plan and should balance your personal retirement plans and tax benefits alongside the benefit to your employees and providing an incentive for loyalty over years of service.

In addition to 401(k) programs, there are other retirement programs that can provide substantial tax advantages. These include Defined Benefit Plans, Third-Party Administrator (TPA) or various types of Individual Retirement Accounts (IRA). Our team is able to explain the benefits of each type of plan and help you make the best decision for you and your company.

Many business owners go through the process of creating a 401(k) plan and then fall into a ‘set-it-and-forget-it’ mentality - which happens because these types of retirement plans often require very little attention. When this happens, the situation often becomes risky to all involved, especially the trustees.

At ERSI, our team is able to provide your 401(k) plan the attention it deserves to best serve you and your employees. With an in-depth review of your plan, we can address issues with compliance or reporting as well as encourage involvement among participants by coordinating employee education - benefitting everyone involved.

At the end of the day, the tax benefit or employee retention from a retirement program has to make sense financially. If you have a question about your existing retirement plan, give us a call.

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