401(K) PLANNING

As a business owner, there are various tax-advantaged vehicles available to help you save, reduce your taxes and attract talented and responsible employees. In addition to IRAs, SEP IRAs and Simple IRAs, 401k plans provide a unique alternative.

401k plans offer an opportunity for the employees and the business owner to save money for retirement on a tax-deferred basis. Both the employees and the company can make contributions and the employees choose how to invest their money based on their own personal objectives and risk.

Solo 401(k) plans, or Individual 401(k) plans, are available for self-employed individuals without a full-time staff. The business owner is allowed to contribute as both the business owner and the employee which results in higher contribution limits.

Core Wealth Management helps business owners ensure that their company’s 401(k) retirement plans are being professionally managed with the same care and discipline we apply to individual portfolio management.

Flexible service. For modest needs, we offer direct management of your 401(k) assets, pooled into a single account. For larger plan management, we oversee an elite, bundled team of service providers. We have extensive experience with both types of 401(k) plans.

Goals-based planning.  As with our financial planning services, we assist plan sponsors and participants alike in leading with a 401(k) plan based on goals and risk tolerances.

Evidence-based investing.  As with our investment management services, we find that when it comes to 401(k) planning, participants don’t need more choices; they need more help. Instead of forcing a “do it yourself,” confusing array of random funds, we offer a clean menu of tightly constructed, professionally managed model portfolios – easy to use, elegant in design.

Fiduciary oversight.  Serving as your plan’s limited scope 3(21) advisor, we advise 401(k) plans with participants’ best interests in mind. When overseeing a plan from BAM Advisor Services, our provider team further serves as 3(38) advisors, removing investment selection and plan monitoring duties from your plate.