401(k) Plan Consulting
Experience, History, Perspective
In 1982, Bill Gettings helped a suburban Chicago paper company establish one of the first 401(k) plans in the Midwest. More than four decades later, that experience still anchors how we serve business clients. We understand that managing a company retirement plan is complex and time-consuming, and that as a plan sponsor you carry real fiduciary responsibility. Our consulting services help businesses build better plans, meet their obligations, and give employees the confidence to retire well.
How We Help:
Custom Plan Design. We help select investment options, administrative services, trustees, and advisory solutions tailored to your business. For existing plans, we provide honest assessments of features and costs.
Fiduciary Support. We help you understand and manage your responsibilities as a plan sponsor, and we serve in a fiduciary capacity to support your investment decisions.
Smooth Implementation. We collaborate with your team from start to finish, acting as your advocate to ensure smooth operations.
Employee Education. We provide clear enrollment guidance and ongoing education so employees understand their benefits and feel confident about retirement.
Trusted Partnerships. Our long-standing relationships with top administrative and record-keeping firms help us connect you with the right partners and benchmark your plan's costs.
We are committed to simplifying the retirement plan process for businesses while helping employees feel confident about their financial futures. Let us help you find the right plan for your company.
FAQ:
How does a financial advisor help with our company 401(k)? We help with plan design, investment selection and monitoring, fiduciary support, vendor and cost benchmarking, compliance coordination, and employee education. The goal is a plan that serves the company and its employees well while helping you meet your obligations as a sponsor.
What is the difference between a 3(21) and a 3(38) fiduciary? A 3(21) fiduciary advises the plan sponsor on investments while the sponsor retains decision-making authority. A 3(38) fiduciary is an investment manager who accepts discretion over the plan's investments and takes on greater responsibility for those decisions. We can discuss which arrangement fits your plan.
Can a business add a cash balance plan on top of a 401(k)? Yes. For owners and high earners, pairing a cash balance or defined benefit plan with a 401(k) can dramatically increase tax-deferred contributions. The right structure depends on your census, ages, and income.