Workplace Retirement Plans
Is your current Retirement Plan working for YOU?
Fiduciary Protection
• As a plan sponsor, do you understand your obligation to act in the best interest of your participants? • Does your plan provide the maximum amount of fiduciary protection?
Performance
• Are the funds being offered keeping up with expected performance? • Have your funds been reviewed in the last 12 months?
Fees
• Have your fees decreased as your plan value increases? • Are your fees in line with current industry averages?
Plan Design
• Are you taking full advantage of current tax deductions? Are you able to maximize your contributions ($58,000 in 2021)? • Does you plan offer a Roth option?
Participation
• Are at least 80% of eligible participants taking advantage of your current plan? • Are there annual education meetings to help get them on the right path for retirement?
• As a plan sponsor, do you understand your obligation to act in the best interest of your participants? • Does your plan provide the maximum amount of fiduciary protection?
Performance
• Are the funds being offered keeping up with expected performance? • Have your funds been reviewed in the last 12 months?
Fees
• Have your fees decreased as your plan value increases? • Are your fees in line with current industry averages?
Plan Design
• Are you taking full advantage of current tax deductions? Are you able to maximize your contributions ($58,000 in 2021)? • Does you plan offer a Roth option?
Participation
• Are at least 80% of eligible participants taking advantage of your current plan? • Are there annual education meetings to help get them on the right path for retirement?
If you answered no, or I don’t know to any of these questions, then you
need to talk to a Retirement Plan Consultant. These are very important
questions for a successful retirement plan for your employees and YOU!
Jason T. Lee, CRPC® jason@theinnovativeteam.com • 573.332.7855
Jason T. Lee, CRPC® jason@theinnovativeteam.com • 573.332.7855
Why Innovative Financial Solutions ?
• One word, SERVICE! Let us focus on your retirement plan, so you can focus on your business! We
will help with the enrollment of eligible employees, and we will hold annual education meetings to
help your participants plan for their retirement.
• Assistance in managing and overseeing the retirement plan, including plan design to help maintain your goals for the plan and continuously search for ways to save money on fees.
• Participant Education. Will meet one on one with participants when requested, to help make sure they are on the right path to meeting their goals for their retirement. • We are local, based in Cape Girardeau, MO.
• 79% of participants wish they better understood certain aspects of their retirement plans.
– Lincoln Retirement Power Participant Study, 2019
• Assistance in managing and overseeing the retirement plan, including plan design to help maintain your goals for the plan and continuously search for ways to save money on fees.
• Participant Education. Will meet one on one with participants when requested, to help make sure they are on the right path to meeting their goals for their retirement. • We are local, based in Cape Girardeau, MO.
• 79% of participants wish they better understood certain aspects of their retirement plans.
– Lincoln Retirement Power Participant Study, 2019