Retirement Plan Sponsors For 401k and Other Plan Types
Retirement Plan
Sponsors for 401k and
Other Plan Types
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 and safe to implement in your business and work to turn the chore into the powerhouse it can be.
Our employer retirement plan team will:
negotiations
and rollovers
Our employer retirement plan team will:
White glove service for employers:
stewardship reports
executive committee
eligible plan employees
White glove service for employers:
Employer retirement plans we specialize in:
Employer retirement plans we specialize in:
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 relieve you of 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:
Our employer retirement plan team will:
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.
