401(k) Retirement Plan Consulting Services
Experience, History, Perspective
Few firms in the Midwest can match the depth of experience Gettings Busch Wealth Management brings to business retirement plans. In 1982, Bill Gettings, CFP® helped a suburban Chicago paper company establish one of the first 401(k) plans in the Midwest. More than four decades later, that same commitment to helping businesses build strong retirement programs for their employees remains at the core of what we do.
We understand that managing a company retirement plan is complex, time-consuming, and carries real fiduciary responsibility. Our role is to make that process simpler, more effective, and better for everyone involved, from the business owner to the newest employee.
401(k) Plan Consulting
We work with businesses of all sizes to design, implement, and manage 401(k) plans that serve both the company and its employees well. Our services include custom plan design, investment selection, vendor management, employee education, and ongoing fiduciary oversight. We act as your advocate from start to finish, helping you navigate compliance requirements and reduce employer liability along the way.
Cash Balance and Defined Benefit Plans
For business owners and high-income professionals looking to maximize retirement savings and significantly reduce taxable income, a Cash Balance or Defined Benefit Plan may be the most powerful tool available.
Unlike a traditional 401(k), which caps annual contributions at relatively modest levels, a Cash Balance Plan can allow qualifying business owners and self-employed professionals to defer $300,000 or more per year depending on age and income. For high-income earners in their peak earning years, this can translate into hundreds of thousands of dollars in tax savings over time.
These plans are particularly well suited for self-employed professionals and 1099 earners including real estate professionals, physicians, attorneys, and consultants who want to dramatically reduce their current tax burden while building a substantial retirement nest egg. They can also be paired with an existing 401(k) for maximum contribution potential.
We specialize in the design, implementation, and ongoing administration of Cash Balance and Defined Benefit Plans, including seamless integration with existing retirement plan structures. If you are a high-income earner who feels like you are paying too much in taxes and not saving enough for retirement, this is a conversation worth having.
Employee Education and Engagement
A retirement plan is only as effective as the employees who participate in it. We provide clear, practical enrollment guidance and ongoing education so your employees understand their benefits, feel confident making investment decisions, and actually use the plan you have worked hard to put in place.
Trusted Partnerships
Our long-standing relationships with leading plan administrators, record-keepers, and compliance professionals mean you get access to the right partners for your plan without having to sort through the options yourself. We do that work for you.
Whether you are setting up your first retirement plan or looking for a more capable partner to manage an existing one, we are ready to help.