IDEAL RETIREMENT PLAN SOLUTIONS FOR YOUR BUSINESS

401K plans are complex. The rules are hard to understand and are constantly changing. Summit Plan advisors will work with you to develop and maintain a plan that focuses on meeting all of your needs, as well as help you navigate the fiduciary requirements of being a plan sponsor.

Striving to exceed our customer's expectations and establishing long-standing community relationships are the foundation of our success. With over 30 years of experience, we aim to make every experience enjoyable and beneficial to your team. It is our belief that every employee deserves the same amount of attention and care, regardless of compensation. Every employee should know the retirement plan advisor on your plan. Does yours?

A man and woman are looking at papers.

Employer Services

We are Certified Plan Fiduciary Advisors. Because of this, we are able to help guide you through the many complexities and fiduciary responsibilities. We help you manage your risk, costs, and time associated with maintaining your plan. It is impossible to know everything about everything. You know your business, but you do not have time to become an expert on all the compliance and intricacies of your retirement plan. That is our job. Simply put, a good retirement plan advisor provides education to help participants improve their chances of a successful retirement and reduce fiduciary risk to the employer. What services are you getting from your broker?

The advisors should review the following at least annually:

  • Plan Design and any potential improvements

  • Investment Fiduciary Education

  • IRS and DOL Updates

  • Compliance & Regulation Assistance

  • Plan Design Optimization

  •  Fee Benchmarking

  • RFP Vendor Search/ Cost Analysis

  • Investment Policy Statement Design & Monitoring

  • Vendor Negotiations and Problem Resolution

  • Meeting Minutes and Documentation

  • IRS Determination/Open Letter for Plan Document

  • QDIA Review

Employee Education

Employee education is a cornerstone of our services. Without education, employees may make mistakes that are easy to prevent, if they even participate in the plan at all.

Whether it be white-collar or blue-collar, we work with employees across all industries and provide ongoing education and support at any level.

Every employee is different and deserves the benefit of individualized retirement and investing education to empower them to take an active role in their financial future.

Advisors should be offering the following educational resources for employees:

  • Assess Employee Needs

  • Custom Presentations

  • Conduct Enrollment Meetings

  • Ongoing Investment and Financial Education

  • Educate Participants About Plan Investment Options

  • Individual Meetings

  • Direct Phone Communication

  • Retirement Needs Analysis

"Do your employees know who your retirement plan advisors are?"