retirement plan and 401(k) consultants in Brookfield, Wisconsin

Retirement Plan / 401(K) Consulting

Your business needs trusted partners and advisors, committed to acting in the best interests of your plan participants. As Independent Retirement Plan Consultants, we stand shoulder-to-shoulder with our clients, holding ourselves to a fiduciary standard that is transparent and unbounded to any one vendor by providing tailored solutions and documentable processes to support your company retirement plan.

Defined Contribution plans have evolved over the last 30 years to become the primary retirement savings and funding vehicle(s) for a vast majority of private-sector employees. As an employer sponsoring an ERISA-covered retirement plan, demonstrating a duty of care is paramount to meeting your fiduciary responsibility of operating a plan that is “solely in the interest of plan participants and their beneficiaries.”

Tailored Benefit Solutions

As part of our ongoing commitment to small businesses, our Consultants also provide a suite of benefit solutions, tailored to your organization's unique needs so you can attract and retain the talent you need to confidently focus on your business.

Other Retirement Plans

Defined Benefit Cash Balance Pension Plans
Simple IRA
SEP IRA
Solo(K)

Small Group Benefits – Health And Welfare Benefit Plans

Community Rated Health Insurance – Fully Insured / Self-Funded - 1-50 employees
Underwritten Health Insurance – Fully Insured / Self-Funded - 50-100 employees
Short-Term Disability Insurance
Long-Term Disability Insurance
Dental / Vision Plans
Group Life Insurance
Health Savings Accounts (HSA)*
Flexible Savings Accounts (FSA) / Dependent Care*
Health Reimbursement Accounts (HRA)*
Individual Coverage Health Reimbursement Account (ICHRA)*

Alternative Compensation Arrangements

Nonqualified Deferred Compensation (NQDC) plans
Executive Bonus Plans

Retirement Plan Review / Design

Plan design is a critical component of operating a successful retirement plan, as keeping your plan compliant to changing regulations will help minimize costly future problems. As part of our review process, we begin with understanding your organizational values so we can objectively evaluate your current 401(k) plan design and help you identify areas that may require additional review. We are committed to keeping your retirement plan relevant and innovative so you can provide a competitive benefit solution to attract and retain the talent you need to focus on your growing your business.

Investment Monitoring & Selection Assistance

Demonstrating prudency and a duty of care under ERISA requires plan fiduciaries to maintain documented processes for investment monitoring & investment selection. Our Retirement Plan Consultants operate as 3(21) Investment Advisors, providing quarterly investment reports, retained in your plan specific vault we provide to our clients.

We assist in identifying potential conflicts in your current investment offerings and help you develop a diversified investment menu, free of hidden costs, build on a foundation of Modern Portfolio Theory. As part of our investment oversight processes, we assist in the development of implementing an Investment Policy Statement that acts as a roadmap for investing monitoring and Investment replacement.

Qualified Default Investment Alternative (QDIA) Review & 404(C) Compliance

Following the Pension Protection Act of 2008, participant-directed retirement plans have seen enormous growth in the utilization of “QDIA” Investments, most often an Age-Based Target Date Fund. Our approach provides an ongoing analysis of your current plan QDIA by evaluating the individual glide path approach to help identify allocation issues as your participants approach retirement age. We also guide on disclosure requirements if your plan has elected for 404(c) Safe Harbor on form 5500.

Retirement Plan Benchmarking & Assistance With Identifying Service Provider Fees

As part of a documented prudent process, the Department of Labor (DOL) recommends a plan fiduciary review all service providers and plan costs – direct and indirect – every 3 to 5 years to ensure plan costs are “reasonable.” Our approach to benchmarking provides a transparent and documented process by looking under the hood, so you can sleep at night knowing your retirement plan is competitive and fair.

Employee Enrollments, Education & Communication

Communication is paramount to establishing relationships, and conveying your company benefits is no different. Engaging a diverse, multi-generational workforce has its challenges, but we believe no challenge is too great, and a proper employee education and benefit engagement program should be customized to your workforce. Our recipe for success is a simplified approach: personalize the enrollment process, leverage technology, deliver workplace financial education, and communicate employee total rewards.

Service Provider Liaison

Our Consultants believe our role is to act as your 401(k) Quarterback. Assembling a team of All-Stars is the winning recipe for benefit plan administration, but as a plan fiduciary, your responsibilities require continual monitoring of all service providers that receive compensation from the plan. We provide the tools, relationships, and industry knowledge required to assist in transparently identifying underperforming service providers, free of bias so you can focus on what you do well.

Plan Sponsor Fiduciary Education

Establishing a retirement plan is relatively easy. Unfortunately, your plan isn’t accompanied with a “Retirement Plan for Dummies” brochure, detailing the liabilities associated with operating your 401(k) plan. As part of our service agreement, we provide fiduciary education training which includes ERISA subject matter and source materials from industry experts, as our Consultants are committed to providing you with the tools and knowledge you need to adhere to your fiduciary obligations.