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Retirement Plans


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Retirement Plans


We believe a retirement plan is one of the most important benefits you can offer your employees. Successful retirement plans engage employees and move them to action.

At Six8 Advisors, our role is to help define and reach retirement plan goals. As a plan co-fiduciary, we handle many day-to-day plan tasks and help properly supervise the plan.  Furthermore, we help educate employees about your company’s plan and assist them in achieving their retirement lifestyle.

Check out some of the services we provide to our retirement plan clients.

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Plan Design


Plan Design


Every business is different; therefore, every plan is different.  The goals for your plan will determine the type of plan, plan features, and plan options.


Key Plan Design Questions

  • What plan type will work best: SIMPLE, SEP, 401k, Deferred Compensation, Roth?

  • What design features will help meet the plan’s stated goals.

  • How does the current plan design and performance compare to standard benchmarks?

  • Does the overall retirement program deliver the right amount of value for the cost?

We work with you to:

  • Identify retirement program needs

  • Consult on plan design & features

  • Conduct training for named fiduciaries

  • Review plan procedures and documents,

  • Review additional retirement benefits (nonqualified, defined benefit, or employee stock ownership plan)

  • Structure a plan committee and conduct routine reviews.

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Fiduciary Support


Fiduciary Support


Engage fiduciaries to provide expertise and help manage plan sponsor liability.

Professional fiduciaries can help plan sponsors manage investment selection, plan administration and other plan duties.  The key to selecting a plan fiduciary is to understand what duties a plan sponsor is comfortable keeping in-house and what duties can and should be transitioned to a professional fiduciary. 

As Investment Advisor Representatives we serve in a fiduciary capacity for each and every plan we support.


As a 3(21) fiduciary our services include: 

  • Providing investment advice to the plan fiduciary on investment options

  • Providing investment advice to plan participants

  • Assessing the need for additional fiduciary services, such as:

    • 3(38) Investment Management,

    • 3(16) Administration, or

    • Third-party Plan Trustees

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Service Providers


Service Providers


Choose Service Providers that serve both plan sponsor and participant at a reasonable cost.

Service providers, such as recordkeepers & third-party administrators, are the foundation of your plan and it is important to carefully select and manage your retirement plan vendors.  As independent advisors our goal is to locate the best providers for you without bias or pre-conceived notions.


As your plan advisor, we work with you to:

  • Evaluate service providers through a Request for Proposal (RFP) process

  • Perform annual fee benchmarking

  • Coordinate implementation & monitor outcomes

  • Serve as primary point of contact for all service providers

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Investments


Investments


Our goal is a diversified fund line-up with reasonable fees suited to the investment experience of the average participant.

As a plan sponsor, your fiduciary responsibilities include selecting a broad range of investment options from which your plan participants can choose.


We will help you:

  • Create an investment policy statement

  • Routinely review investment options, including Target-date Funds

  • Review investment allocation/participant diversification

  • Provide guidance on selecting a Qualified Default Investment Alternative (QDIA)

  • Comply with ERISA §404(c).

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Participant Engagement


Participant Engagement


Help Employees make smart decisions about retirement savings and investment selection.

To achieve a financially secure retirement, participants need to take action. They need to enroll in the plan, decide how much to save, and choose appropriate investment options.


To help with this challenge, our firm can:

  • Evaluate plan features that encourage participation and increased salary deferrals

  • Work with service providers to maximize participant usage of educational resources

  • Help create an education plan & conduct routine employee meetings

  • Deliver ongoing assistance and education through our Advice@Work program

  • Offer individualized advice, including:  risk tolerance review, savings review and asset allocations.

  • Option to act as a 3(21) participant advisor.

LEARN MORE ABOUT HOW WE WORK WITH EMPLOYEES. CHECK OUT OUR ADVICE@WORK PROGRAM.