Business Retirement Plan Advisory Services

Regardless of plan size, we want to keep you informed about how your plan is doing. Not all plans are the same, so more complex plans may require quarterly check-in review meetings whereas others may only need an annual check-up review. Either way, these plan review meetings are held with key decision makers to discuss compliance, plan statistics, employee education, and other areas to ensure your fiduciary duties are being met each year and the plan is being maximized.

Rest assured that our expertise in plan design helps tailor your plan to meet the unique requirements of your business and employees. Given the complexities of retirement plan provisions, numerous compliance rules, and ongoing legislative changes like the SECURE Act and SECURE Act 2.0, we stay up-to-date on the latest rules and regulations and will regularly review your plan to ensure it incorporates the most current and effective features to serve your needs throughout its life.

For ERISA plans, we can provide investment fiduciary services as an ERISA 3(21) Investment Advisor or ERISA 3(38) Investment Manager to help reduce some of the fiduciary liability plan sponsors face when it comes to the investment selection and monitoring on a Plan level while always acting in the client's best interest. HFW may assist clients in creating a customized investment policy statement (IPS) and can select, monitor, and replace funds according to the IPS guidelines while ensuring the IPS is adhered to. We provide quarterly and annual reports to the Plan Sponsor and give clear, simple guidance through the intricacies of their investment analysis.

Hall Financial Wellness will take the legwork out of your provider search for all aspects of your plan, including: - Recordkeeping - Third Party Administration (TPA) - Actuarial Services - Auditors, ERISA attorney, Legal Services Upon the initial engagement with HFW, we will evaluate your current arrangement, reviewing key points, such as fees, the investment lineup, customer service options, technology tools and resources available, and employee education services. This comprehensive review also known as "benchmarking" will review the impact to both the Plan Sponsor and participants. We will compare these key points with various service providers to provide best recommendations. After the initial review, we typically conduct this comprehensive benchmarking analysis every 3-5 years, depending on the needs of the plan.