As a small business owner you have objectives and responsibilities when it comes to overseeing and sponsoring your company’s retirement plan.   The new Department of Labor rules add an additional burden to business owners when it comes to these responsibilities.  We can help provide fiduciary education to plan sponsors and plan trustees to help you manage your fiduciary obligations.  Part of that process is to provide education to help you evaluate and determine an appropriate investment option lineup of various asset classes with reasonable costs that offer adequate diversification.  A recent study by Rixtrema cited that the average 401k plan could save 0.44% in fees just by finding substantially similar investment alternatives as replacement options.

It is vital to have a plan that works both for your long term retirement objectives and those of your employees that balances costs and benefits.  As there are many to choose from, we can help you identify potential plan options and assist you in choosing the one you feel will best meet your needs.

Brookhaven Wealth Management is well-positioned to provide the fiduciary education to help plan sponsors manage your fiduciary obligations to provide your participants with the opportunity to pursue retirement readiness. We also help you fulfill your fiduciary obligation to provide your participants with education and guidance to help ensure they fully understand your company’s retirement plan, investment options and how to work toward achieving their retirement goals. If you’re interested in exploring a retirement plan for your small business or talking to us about a benchmark evaluation of your current plan please contact us using the web form at the bottom of the page.