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Retirement Advisory Services

RETIREMENT ADVISORY SERVICES

The Five Pillars of a Retirement Plan
 

1 | Fiduciary Responsibility 

A fiduciary is “a person who has the power and obligation to act for another under circumstances which require total trust, good faith and honesty”.  ERISA (Employee Retirement Income and Security Act) imposes high standards upon fiduciaries responsible for managing retirement plans.  As an ERISA 3(21) plan advisor, Acumen Wealth Advisors shares investment-related responsibilities as a co-fiduciary for plan investment decisions with the plan sponsor.

2 | Plan Design and Compliance 

Acumen Wealth Advisors helps develop a strategy responsive to the needs of our clients.  We accomplish the objectives by a thorough understanding of what is most important to the plan sponsor in areas such as: 

  • Employer Matching 
  • Vesting 
  • Qualified Default Investment Alternative (QDIA) 
  • Pre-tax Contributions 
  • Roth Contributions

We help to ensure and document proper adherence to fiduciary obligations as defined by the Department of Labor (DOL) and create a secure online fiduciary vault to archive important plan documents. 

3 | Selection and Monitoring of Plan Investments 

Acumen Wealth Advisors assists in the development of an Investment Policy Statement (IPS) providing general guidelines governing the selection and monitoring of investment options in the plan.  We also design, conduct, and document periodic reviews of the investment lineup.

4 | Employee Education 

We work with participants to educate and guide them in making informed decisions to manage this tax-efficient pool of savings accumulated through this important employer-sponsored benefit plan.  Our commitment to participant education is essential in providing an effective method to achieve financial goals for retirement. 

5 | Service 

Acumen Wealth Advisors has a 401(k) Benefits Team committed to comprehensive 401(k) services.  These services include a Certified Financial Education Instructor skilled in conducting regular meetings and workshops addressing participants’ interests.   

Understanding the principles necessary for establishing and maintaining a successful retirement strategy can be a daunting task.  For this reason, many plan sponsors rely on the guidance of a plan consultant.  Acumen Wealth Advisors, as a fiduciary and plan consultant, has developed skilled knowledge in retirement planning.  We welcome the opportunity to help you and your participants navigate the journey through retirement options. With our dedicated team, we work diligently to help each employee reach their personal goals for retirement.

 

It’s not how much money you make but how much money you keep, how hard it works for you, and how many generations you keep it for. Robert Kiyosaki