RETIREMENT PLAN SERVICES
Helping employers launch efficient, effective, and compliant retirement plans.
Win Employees Over with a Sound Retirement Plan
Our smart solutions can help build simple, transparent retirement plans that attract and retain key personnel.
Low Fees
We search the marketplace to find high quality plan providers with straightfoward and competitive pricing, without sacrificing service.
Quality Funds
We will help you create an Investment Policy Statement (IPS) which we’ll use to recommend, monitor, and score every fund in your plan lineup.
Fiduciary Duty
We create a written fiduciary process and help you follow and document it so you can be confident that you’re meeting your fiduciary obligations.
Financial Wellness
Your retirement plan is not the only important aspect of your employees’ financial lives. We will help them address their entire financial plan.
Low Fees
We search the marketplace to find high quality plan providers with straightforward and competitive pricing, without sacrificing service.
Quality Funds
We will help you create an Investment Policy Statement (IPS) which we’ll use to recommend, monitor, and score every fund in your plan lineup.
Fiduciary Duty
We create a written fiduciary process and help you follow and document it so you can be confident that you’re meeting your fiduciary obligations.
Financial Wellness
Your retirement plan is not the only important aspect of your employees’ financial lives. We will help them address their entire financial plan.
What Makes an Effective Retirement Plan?
#1: PROVIDER ANALYSIS
In a world where most vendors are incentivized to sell a product, our only incentive is to put our plan sponsors in a position to make more informed decisions. We have the experience and tools to confirm your plan’s service providers are delivering the highest quality products and services at the most competitive total plan cost.
#2: INVESTMENT ANALYSIS
Selecting and monitoring the plan’s investment options is not only a serious fiduciary task, but it can greatly impact your participants’ outcome. Assuming fiduciary liability either as a 3(38) Investment Manager or 3(21) co-fiduciary advisor, we’ll work with your retirement plan committee to identify and monitor investment options that may be suitable for your participants and allow them to control their risk while increasing the likelihood of achieving their retirement goals.
#3: PLAN DESIGN
We work with plan sponsors to develop a plan design that meets your organization’s unique objectives while also maintaining DOL and IRS regulatory requirements (such as cross-testing and ensuring that you are not discriminating illegally against certain classes of employees). We help plan sponsors and owners accomplish their specific goals regarding the benefits they’d like to provide their employees.
#4: FIDUCIARY GUIDANCE
Certain individuals in your organization have personal liability for the assets in your employer-sponsored retirement plan and, therefore, must understand their fiduciary responsibilities and the necessary tasks to fulfill them. We help plan sponsors navigate their fiduciary requirements and complete the appropriate action steps for compliance, allowing your organization to protect individuals that have fiduciary exposure.
#5: EMPLOYEE EXPERIENCE
Your employer-sponsored retirement plan is a great tool that allows you to reward tenure, provide your employees with free money, and incentivize good behaviors. For many, it will likely become their biggest savings asset. However, we realize that merely providing a tool and educating your employees about the existence of the benefit is not enough. We go beyond the traditional 401(k) / 403(b) “investment-only” speak and we coach your employees toward identifying and implementing appropriate financial behaviors.
Step #1: Schedule 15-Minute Phone Call
Our Focus = Retirement Wellness for your Employees
HOW OFTEN WILL YOU MEET WITH OUR EMPLOYEES?
We are available to assist employees at any time throughout the year and will schedule on-site visits at a frequency that is preferred by you, the employer. Typically, that frequency is 1-4 times per year.
HOW DO YOU IMPROVE EMPLOYEE FINANCIAL WELLNESS?
Financial wellness includes many factors outside of just having a good retirement plan or making consistent retirement contributions. We have multiple CERTIFIED FINANCIAL PLANNER professionals that help employees navigate all areas of their financial plan. We also provide financial education in the form of webinars and blog posts every month!
DO YOU PROVIDE CUSTOMIZED FINANCIAL PLANNING ADVICE TO PARTICIPANTS?
Yes. Unlike some providers who will only advise on the 401(k) plan, we stand by our advisors and our advice and therefore, are happy to give personalized advice to your employees.
HOW ARE YOU DIFFERENT THAN OTHER ADVISORS?
There are three important things that separate us from other firms:
1. We are independent and do not have any proprietary products to recommend or sell, unlike many large insurance companies that do.
2. We specialize in working with small businesses, who are historically overcharged and underserved in the retirement and group insurance industries.
3. We have a team of CERTIFIED FINANCIAL PLANNER™ professionals who are able to help employers and their employees.
DO YOU SERVE COMPANIES WITH LESS THAN 10 EMPLOYEES?
Yes, we serve companies with less than 10 employees and companies with up to 500 employees. Our experience working with individuals in the area of personal wealth management has equipped us to advise these ultra small businesses, even those that are single-owner.
DO YOU HELP COMPANIES START 401(k) PLANS?
Yes, for companies looking to start a 401(k) plan from scratch or to transition a SIMPLE IRA to a 401(k), we can provide competitive, low-cost solutions to help.
WHY SHOULD I CONSIDER HIRING CARSONALLARIA WEALTH MANAGEMENT?
Great question! But first, let us explain why you shouldn’t hire us.
If you’re looking for someone to make all of your retirement plan worries disappear, that’s not us (or anyone for that matter). But, when issues arise, we can commit to working diligently with you and on your behalf to make your retirement plan run as smoothly as possible.
Our main goal is that the outcome of our partnership would cause your employees to view you in even a higher regard due to their level of satisfaction with our services.