⬤ USA Today
2023 Best Financial Advisory Firms
usa today best financial advisory firms 2023 logo for wellspring financial

Award based on independent survey carried out by USA TODAY and Statista. Firms need to be nominated by a participant in the survey. No prior registration is required, and no costs are involved for the nomination. The recommendations for each firm are summarized and evaluated anonymously. 
In addition to the survey results, additional metrics (e.g., data in relation to assets under management (AUM)) will be included in the final analysis.

● USA Today
2023 Best Financial Advisory Firms
usa today best financial advisory firms 2023 logo for wellspring financial

Award based on independent survey carried out by USA TODAY and Statista. Firms need to be nominated by a participant in the survey. No prior registration is required, and no costs are involved for the nomination. The recommendations for each firm are summarized and evaluated anonymously. 
In addition to the survey results, additional metrics (e.g., data in relation to assets under management (AUM)) will be included in the final analysis.

Plan Sponsors for 401k Retirement Plans

Plan Sponsors for 401k Retirement Plans

Employee turnover can be costly, while satisfied and productive employees can increase profits. Smart employers know that a retirement plan is an important component in attracting and retaining employees. Wellspring Financial Partners can help you make your retirement plan a valuable part of your benefits package and a success for both you and your employees.

Employer-Sponsored Retirement Plans

Some employers view the retirement plan as a checkbox, an administrative chore, and even a legal liability. We view it as an important tool for your employees’ futures, and a powerful asset for building employee satisfaction and loyalty. We help make the plan easy to implement in your business and work to turn the chore into the powerhouse it can be.

Our employer retirement plan team will:

Review your retirement plan
health, features, and compliance
Manage your investment fund lineup
Provide total fee benchmarking and
negotiations
Field employee questions
Individualize Retirement Spending Reports® for all eligible plan employees
Provide financial education

Our employer retirement plan team will:

Review your retirement plan health, features, and compliance
Provide total fee benchmarking and negotiations
Manage your investment fund lineup
Field employee questions
Provide financial education
Individualize Retirement Spending Reports® for all eligible plan employees

White glove service for employers:

Investment policy statement development
Investment review
Vendor fee benchmarking
Service calendar and
stewardship reports
Investment policy statement review
Facilitate plan committee meetings
Availability to HR staff for emerging issues
Provide meeting minutes to
executive committee
Periodic investment scorecard reporting
Record keeper vendor management
Serve as an ERISA 3(38) Fiduciary
Individualize Retirement Spending Reports® for all
eligible plan employees

White glove service for employers:

Investment policy statement development
Investment policy statement review
Periodic investment scorecard reporting
Investment review
Facilitate plan committee meetings
Record keeper vendor management
Vendor fee benchmarking
Availability to HR staff for emerging issues
Serve as an ERISA 3(38) Fiduciary
Service calendar and stewardship reports
Provide meeting minutes to executive committee
Unique and proprietary plan-level reporting that tracks employee retirement readiness, employee engagement, and plan health over time

Benefits of Implementing a Retirement Plan

Tax Benefits

Depending on the type of plan, you may receive tax benefits as a business for setting up a plan for your employees. For example, with a 401(k) plan, employees contribute pre-tax income and employers can deduct contributions on their federal income tax, within certain limitations. There may be additional tax credits for plan start-up expenses, which our advisors can help you explore.

Competitive Benefits

Potential employees often compare companies in terms of salary and benefits. If you’re not currently offering a retirement plan, you may not stack up to other employers. Conversely, a strong plan can help you attract top talent.

Retention

Attracting new hires is only part of the battle, and it’s important to also consider how you can reduce turnover and keep your best employees. A retirement plan also helps in this regard because employees appreciate the opportunity to work toward their financial goals, especially if you offer employer matching.

Benefits of Working with Wellspring

Benefits of Working with Wellspring

At Wellspring, we go above and beyond for our clients. You will have a dedicated point of contact looking out for you and your team. There is no waiting on hold for hours or dealing with an automated system.

We act in a fiduciary capacity, meaning we’re focused on your best interest. Our employer-sponsored plans exceed expectations and we aim to make it as easy as possible for your business to take advantage of the benefits of offering a retirement plan.

We strive to:

Provide best-of-breed investments and investing advice so you know you’re doing as much as possible for your employees

Take the liability onto our shoulders and minimize your liability for the plan’s investment performance

Manage fees to keep them reasonable and competitive when benchmarked against plans of similar size and/or demographics

Manage other service providers surrounding your plan to help ease your administrative burden

Keep you informed, current and compliant

For Your Employees

The plan you sponsor often represents the bulk of your employees’ savings for retirement. It’s an important asset, one that should be cared for, cultivated, and contributed to. By taking a fiduciary position, we are not only a fiduciary for your 401(k) plan, but we also have that same role toward your employees. As such, we’re always looking out for their best interest as well as yours.

One of the factors that sets Wellspring apart is that we don’t simply manage your retirement plan, we also help advise employees relating to other aspects of their financial lives. We understand that multiple elements influence one another and that to truly help your employees build their financial future, we must understand their values, other investments, savings, and goals.

Our employer retirement plan team will provide:

Financial education and wellness meetings
Advice on any financial topic at no additional cost
Advice on retirement plan investment selection at no additional cost
An annual customized proprietary Retirement Spending Report® for all eligible plan employees at no additional cost
A tailored, comprehensive financial plan for just $160

Our employer retirement plan team will provide:

Financial education and wellness meetings
Advice on any financial topic at no additional cost
Advice on retirement plan investment selection at no additional cost
An annual customized proprietary Retirement Spending Report® for all eligible plan employees at no additional cost
A tailored, comprehensive financial plan for just $160

Learn More About Our Services for Employers

Wellspring Financial Partners will provide you with a complimentary retirement plan scorecard analyzing the investments that you offer in your current plan. Wellspring believes that every retirement plan should provide quality investments. Because of this, we will provide you with a scorecard free of charge with no strings attached. You only need to share the investment options contained within your plan, and we can generate your scorecard confidentially.

There is no need to provide us with any confidential employer, employee, or financial data.