Small Business 401(k) Planning Services
Does your company maintain a 401k retirement plan?
A 401k plan is essentially a retirement savings plan for small business employees. But finding the one plan that best matches your unique needs and expectations can be difficult if you don’t have enough experience on retirement planning.
Is the plan being handled in the most efficient manner possible?
If you do have an ongoing 401k plan, you should evaluate it properly: monitoring your service provider, controlling the fees you pay and getting the plan up-to-date with the industry. These are time-consuming tasks that require financial knowledge.
Are you in compliance with the myriad regulations that control plan operation?
Your 401k planning must comply with restrictive laws such as ERISA, a federal law that ensures minimum standards for retirement benefit plans, in order to be implemented properly. The standards are evolving, so you need to constantly review and adapt your plan strategy to the legislation.
How can an advisor help?
Working with a financial advisor who is an expert on small business retirement planning will make your life easier, as your primary concern should be making your business thrive. An advisor can:
- Compare and select service providers according to their services, experience, references and fees
- Design a plan tailored to your needs and ensure a complete review of possible investments
- Review your 401(k) plan constantly, by tracking participation and other performance indicators
Which advisor should you choose for 401k planning?
Double Bay Management & Planning belongs to the American Society of Pension Professionals and Actuaries (ASPPA), which recognizes the best retirement planning advisors in the United States: “ASPPA represents the most committed individuals of the profession—those who have made a career of retirement plan and pension policy work” (http://www.asppa.org/home-page/about-asppa.aspx).
As fee-only and independent advisors, we provide an unbiased and comprehensive retirement plan review. We are not tied to any third party administrator, insurance company, or mutual fund family.
If your plan design, plan investments or vendors need improving we will assist in that process. We can take your plan through a full Request for Proposal (“RFP”) vendor search.
Plan Your 401k Efficiently with a Certified Financial Planner (CFP) in Bay Area, CA
Keir Oxley, the Principal at Double Bay, has made compliance for retirement plans his main field of expertise. Contact Us to get a consultation; we’ll help ensure your 401(k) retirement plan is more efficient and less time-consuming.