Retirement Solution Specialists

  • 401(k)
  • Profit Sharing
  • Cash Balance
Contact

Focus

We provide financial advisors with the tools and support they need to deliver competitive, full service retirement plans to their clients. We offer an exceptional suite of solutions that include turn-key 401(k) plans, customized Cash Balance plans and substantial Fiduciary Services. Our “open architecture” approach is designed to help implement the plan that meets the unique needs and objectives of each client.

Products

401(k) and Profit Sharing Plans

  • New Plans
  • Existing Plans
  • Multi-Employer Plans

401(k) and Profit Sharing plans can be important tools for both retaining talent and optimizing tax advantaged investing for stakeholders. With plans that are designed to be competitively priced and customizable.

Cash Balance Plans

  • Increased Pre-Tax Contributions
  • Accelerated Retirement Savings
  • Asset Protection

Cash Balance plans can dramatically increase Pre-Tax savings relative to traditional 401(k) and Profit Sharing plans (in some cases 4 to 5 times the annual limit for defined contribution plans). They are ideally suited for closely held businesses, professional practices and owners that have deferred savings.

Features

Grow Your Business

Be Proactive! Be the trusted professional in front of your client’s business and employees so that someone else is not!For many financial advisors, 401(k), Profit Sharing, and Cash Balance Plans are an untapped opportunity. Many clients own or control companies that have existing plans or are evaluating new plans. Be involved in plan design and implementation. It is a natural extension of the Advisory relationship with these clients. The plan advisor is a critical educational resource for plan participants. It is important to recognize that existing plan providers mine payroll data from their companies and have programs designed to market private wealth management services to the highly compensated employees.

Technology

PC Tools

Plan Highlights

Advisors are paid quarterly directly by the plan
No proprietary fund requirements
Ongoing Employee Education Program to assist with ERISA 404 (c) compliance
Online tools and calculators
ERISA 3(16) and 3(38) services
Daily Valuation Participant Website
Quarterly Statement Mailed to Participant
Plan Document and Compliance Testing
Certified Annual Trust Statement
Annual preparation of IRS Form 5500 for each adopting sponsor
Plan Trustee and named Fiduciary
Provides notices to participants for Safe Harbor and compliance
Designed to comply with ERISA Section 404 (c) provisions for plan
Provides investment fact sheets and materials on investments

Core Values

Integrity

Fee Transparency and Suitability are critical factors when evaluating any retirement plan and we believe these items are just two elements of a larger issue: Integrity. Our objective is to deliver competitively priced solutions for plans of any size without compromising the quality or integrity of the solution.

Customer Service

The consumer should expect a clearly articulated, executable process led by a competent point person. Behind the scenes however, all retirement plans are a collaboration of several providers with distinct roles. We work with partners that have a long history of working collectively to quickly address client needs.

Oversight

A properly structured plan, with oversight by an ERISA 3(16), 3(21) and 3(38) can significantly mitigate risk and enhance the compliance by increasing shared fiduciary responsibilities. Our solutions incorporate complete, documented oversight.

Partners Include

MidAtlantic

Mid Atlantic Trust

MATC is the plan custodian. Over $50 billion in account assets, acts as custodian on more than 44,000 401k plans with access to more than 20,000 mutual funds and ETFs. Provides real time online access to cash and investment reporting.

FutureBenefits

Future Benefits of America

Future Benefits is a leading provider of Record keeping and Administration services to 401k plans. They offer state of the art technology with automated failover, business resumption, disaster recovery and offsite storage of nightly backups.

EW

ERISA Wise LLC

Erisa Wise LLC acts as the plan’s ERISA 3(16). As an Enrolled Retirement Plan Agent and Qualified Pension Administrator, the independent plan oversight provided by ERISA Wise mitigates the plan sponsor’s (employer’s) liability. This oversight is a benefit that many smaller plans to not provide.

FutureBenefits

Bell Rock Capital, LLC

Bell Rock serves as the plan’s ERISA 3(38) or 3(21) and is responsible for the oversight and approval of Investment Selection. Bell Rock is a national firm which provides advisory services to plans and banking institutions on investment holdings. Disclosures.

Paychex

Paychex

Paychex is a national provider of payroll, benefits and HR solutions servicing 590,000 businesses. Paychex offers scalable solutions for clients of all sizes.

Contact

 Wealthy & Wise
19606 Coastal Highway
Suite 101
Rehoboth Beach, DE 19971
(561) 483-6314
getstarted@wealthyandwise.com