Qualified Retirement Plan Services
Wealth Management Advisers LLC specializes in fee-based, open architecture, cost effective retirement plans for small businesses. More than just a retirement plan, a WMA plan includes our full complement of financial planning resources. We emphasize employee education to be sure that investment choices and contributions are in sync with overall financial goals. We also offer workshops and seminars to provide crucial information to help participants make the most informed decisions.Owners and key employees often benefit from comprehensive financial planning including asset management, tax planning, retirement planning, estate planning, college planning and any other unique services they might need.
We believe that there are 4 basic requirements to a successful retirement plan:
Adherence to fiduciary duties by the plan sponsor
Customized, comprehensive investment options
Low cost, transparent fee structure
Experienced, capable professional support
Adherence to Fiduciary Duties
To avoid any potential liability, a plan sponsor must be sure to fulfill their fiduciary duties such as:
Acting solely in the interest of plan
Carrying out their duties prudently.
Following the plan documents (unless inconsistent with ERISA);
Diversifying plan investments; and
Paying only reasonable plan expenses
Our services include frequent meetings with plan sponsors to be sure that these duties are being carried out.
Custom Investment Options
Plan Sponsors are required to provide diversified investment choices for participants to minimize risk and avoid large losses to their portfolio. However, industry research indicates that investors often make poor decisions that contribute to under performance. By emphasizing employee education, WMA helps plan participants to minimize investment mistakes, increase plan balances and reduce sponsor's fiduciary liability.
Our platform is an "open architecture" design, meaning that we can provide virtually any investment option without the restrictions of a typical mutual fund or insurance company product. This allows us the ability to completely customize the investment options to meet the needs of the employer.
WMA eliminates excessive fees by utilizing low-cost investment options such as exchange traded funds, index funds and no-load, low-cost mutual funds. Our open architecture platform allows us to seek the most cost-effective solutions for third party administrators, custodians and other administrative functions to further reduce overall plan costs. In addition, our plans are completely transparent so that every fee that affects the plan is disclosed in our proposal. This transparency also ensures that plan sponsors are meeting their fiduciary responsibility of paying only reasonable plan fees.
Experienced and Capable support
WMA's open architecture platform allows us to select only the best-of-class firms for all functions within the plan. We are not associated with any particular company therefore have complete objectivity when selecting service providers. Plan sponsors can be assured that only the most capable and experienced companies will be utilized in the set up and on-going maintenance of their plan.
Contact us today for a complimentary analysis of your current plan. We will provide you with the actual cost of your plan (usually a percentage taken from plan assets) and a performance review of the investment choices. Other issues to address are plan design, investment policy statements, employee education and any specific concerns you might have.