• Retirement Planning
  • Investment Management
  • Comprehensive Financial Planning

Retirement Solutions for Businesses

Many of our clients are business owners or executives, often tasked with implementing or managing qualified retirement plans for themselves, their workforce, or a specific group of employees. Designing and implementing a retirement plan is a function of understanding your unique objectives. We will guide you through this process, identifying the options available to you, and the potential advantages and disadvantages associated with various account structures.

Our advisors are able to offer many retirement plan solutions, including:

  • Simple IRA
  • SEP IRA
  • 401(k)
  • Profit Sharing
  • Owner Only / Solo 401k
  • Defined Benefit/Pension

For a full comparison of these plans, including contribution limits and employer matching obligations, please Contact Us.

An Important Decision

As an employer and sponsor of a qualified retirement plan, your company shoulders a major responsibility. You must listen to the needs of your employees and then select the appropriate service provider(s) at a reasonable cost, determine the optimal plan design provisions, choose and monitor investments, keep up with legislative changes, ensure your plan is administered properly, and educate and inform plan participants. All of this hopefully results in a plan that inspires employees to reach their retirement dreams, while helping you recruit and retain valuable associates.

How do you know if your company is meeting these challenges? How do you select service providers or investments – what are the criteria? How do you know if your plan is working? Does your company have the resources to handle these responsibilities alone?

Unless your company has individuals with 401(k) expertise who are solely dedicated to managing your employee retirement plan, you should consider hiring a financial advisor who specializes in 401(k) plans and is as dedicated to your needs as you are to your employees. Since you have the overall responsibility for all the various plan functions, it is important that you select someone who can manage the whole, rather than just certain parts.

Components of a Retirement Plan

In general, all plans have the same basic objective – to serve as a retirement savings plan for employees. Yet there are many different options that suit a wide range of specific company needs. Our role is to help you set reasonable expectations, select the most appropriate plan, then manage all the components on an ongoing basis to help ensure you are working towards your stated goals.

Why The Advisors at Center Street Wealth Strategies for Your 401(K)?

Our financial advisors are objective and fully independent in making their recommendations to you and your employees. Because we are not obligated to offer proprietary “in-house” products, we have no incentive to sell any specific product, but work with many different product and service providers in the retirement plan market.

We understand many factors are involved in the selection of 401(k) providers ... each employer has specific needs and objectives that are important in this decision. The advisors at Center Street Wealth Strategies assist companies in evaluating alternatives and then, after a plan is chosen, coordinate the different components of the process on an ongoing basis. Our goal is to build and foster long-term relationships with you as well as with your company and its employees.

Since one of the most significant roles of an advisor is to educate employees about investments, an important distinction is whether that advisor is familiar with the many intricacies of today’s investment alternatives. As a plan sponsor, it is important to make sure you have a knowledgeable investment professional advising you and your participants.

An Independent 401(K) Advisor Can Coordinate All Aspects of Your Retirement Plan

When you enlist our services, you gain a valuable ally and time-saving resource who will help you develop and maintain a solid strategy for your retirement plan. Plus, you will receive personalized attention and involvement at the level you want and need. Our goal is a win-win 401(k) relationship. This relationship will be meaningful only if we maintain it over the long term by focusing on your needs, continually meeting your expectations and making you an advocate of our valuable 401(k) advisory services.

For additional information about 401(k) plans, please contact us.

Have Questions? Want to learn more? Get in touch with us!
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