Broker Check

Retirement Plans

Proper business retirement planning is critical to wealth accumulation.  We can help small and medium size businesses determine whether they are headed in the right direction and that the proper retirement strategies are in effect for key employees.

First, an analysis will be conducted to determine the suitable retirement plan or plans for you.  There are a variety of options available to business owners, including the 401(k), the new Roth 401(k), the 403(b), the Simplified Employee Pension (SEP), and the Simple Individual Retirement Plan (Simple IRA).  A Profit Sharing component that provides substantial benefits for a company’s key employees is often added to increase flexibility and opportunities for additional tax relief.

Many companies with Defined Benefit Plans (DBP) are considering abandonment of this approach because of the staggering increase in costs to maintain the plan.  A shift towards Defined Contribution Plans under which employees help contribute towards their retirement savings is a trend nationwide.  We can work with companies with DBPs to determine whether or not a freeze of the DBP benefits or even a plan termination is warranted or advisable. 

Second, we will discuss the varied investment choices that are available to meet your employees’ retirement savings goals and objectives.  These will include investments that target a wide variety of investment objectives for all types of employee goals.  The available choices will be over a variety of asset classes so that employees will be able to chose those that are suitable for them, for example more aggressive choices for those younger employees able to assume greater risk of market volitility, and more conservate choices for those employees closer to retirement. Plans may be created flexible enough to provide for the needs of all employees.

Ask Yourself...

A suprising number of business owners are not satisified with their existing retirement plan provider or with the service they receive from their representative.  If you are a business owner that already has a retirement plan in effect, ask yourself the following questions:

  • Are you where you want to be with respect to your current retirement plan?
  • Are you paying too much to maintain your company’s retirement plan?
  • Do you have a dedicated, responsive client contact at your current plan provider?
  • Are plan reports timely, useful, and easy to read?
  • How much time do you spend managing your plan?
  • Do participants have total access to their accounts online? Do they visit the plan web site before the call your benefits office?
  • Do your participants currently enroll in an efficient and seamless process?

Mr. Davies has partnered with key leaders in the industry to assist small and medium sized business with their retirement plan requirements.   Working with respect to your existing retirement plan or assisting  you to develop new plans that address your needs is Mr. Davies’ primary goal.  Give the office a call and Mr. Davies will meet with you to discuss your retirement needs. 


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