Retirement Plan Services
We are dedicated to providing retirement plan investment management and strategic planning to the company retirement plan space. Simply put, we strive to be our client’s trusted advisor. As a financial advisory firm, our primary focus is to provide unbiased opinions that are designed to achieve long term investment results, increased employee satisfaction and reduced employer liability while keeping total plan costs easy to understand and as reasonable as possible.
Our areas of expertise include:
- 401(k)
- 403(b)
- Simple IRA
- SEP IRA
- Plan Design
- Investment Selection & Advisory
- Fee Analysis
- Liability Protection
- Employee Education
Investment Advisory
To reduce the burden on plan sponsors and human resource managers, Rosemeyer Management Group will assist in the selection of a retirement plan that is appropriate for your business. As part of that process we will ensure that your current plan is designed in the most intelligent manner possible for your unique business goals.
In addition, we will work with you to craft an investment lineup that is best suited for your business. We will also help you keep current with the ever changing economy and the retirement plan industry. We will help you manage the health and welfare of your retirement plan over its life time keeping you up to date on regulatory changes, program enhancements and providing you with the necessary investment due diligence.
Fee Analysis
Inordinate plan costs can result in liability issues, disgruntled employees and reduced retirement benefits for both employees and plan sponsors. As a 401(k) Plan Sponsor, when is the last time that you benchmarked your 401(k) fees? Are your fees appropriate for the size of your plan and the level of service that you are receiving? Do you know what your total all-in plans costs truly are?
- Do you quantify on an annual basis:
- Administration costs
- Recording-keeping costs
- Custodial costs
- Investment advisory costs
- Plan investment costs
If you are unaware of any of the above related costs, allow Rosemeyer Management Group to provide you with a free fee analysis of your plan.
Liability Awareness
Many business owners are unaware of the liability pitfalls that can plague a poorly designed and poorly ran employer-sponsored retirement plan. At Rosemeyer Management Group we work closely with employers to reduce the liability that they face as a retirement plan sponsor.
- We provide the following services to ease that liability:
- Fiduciary manager on plan assets as a delegated 3(38) investment manager
- Investment Policy Statement creation
- Annual Investment Policy Statement updates
- Plan Fee Benchmarking
- Plan design consultation
- Participant education
Employee Education
An employer-sponsored retirement plan, especially when coupled with investment advisory services, can be a great way for plan sponsors to increase overall employee satisfaction and retention. At Rosemeyer Management Group we understand how vital employee happiness is to your overall business success. Therefore, we offer the following services to all rank and file employees.
- Investment education
- Monthly economic updates
- Annually updated retirement calculators
- One-on-one financial education
- Life insurance analysis
- Social security consulting
- Estate planning education
Cash Balance Plan
Often times we encounter retirement plan sponsors who either want to defer more into their retirement plans or who could be getting more out of their current retirement plan.
Enter Cash Balance Plans:
A Cash Balance Plan, is a type of retirement plan that belongs to the same general class of plans known as “Qualified Plans.” A 401(k) is a qualified plan. These plans “qualify” for tax deferral and creditor preferred treatment under ERISA.
In a Cash Balance Plan each participant has an account. The account grows annually in two ways: first, as a contribution and second, an interest credit, which is guaranteed rather than being dependent on the plan’s investment performance. Any guarantees are based on the claims paying ability of the insurance company.
Many owners and partners are looking for larger tax deductions and accelerated retirement savings. Cash Balance Plans may be the perfect solution for them. The 2006 Pension Protection Act (PPA) and the Cash Balance regulations issued in 2010 and 2014 have made these plans even more flexible and easier to administer, making them an increasingly popular choice for successful business owners.
Cash Balance Plans are more complex than most traditional employer sponsored retirement plans. However, they can provide significant benefits to both the employer and the employee when used in the right situations.
For more information on cash balance plans please contact us or visit https://www.cashbalancedesign.com/resources/cash-balance-101/
2016 Contribution Limit Table
| Age | 401(k) | Profit Sharing | Cash Balance | Total |
|---|---|---|---|---|
| 65 | 24,000 | 35,000 | 245,000 | 304,000 |
| 64 | 24,000 | 35,000 | 250,000 | 309,000 |
| 63 | 24,000 | 35,000 | 256,000 | 315,000 |
| 62 | 24,000 | 35,000 | 262,000 | 321,000 |
| 61 | 24,000 | 35,000 | 248,000 | 307,000 |
| 60 | 24,000 | 35,000 | 235,000 | 294,000 |
| 59 | 24,000 | 35,000 | 223,000 | 282,000 |
| 58 | 24,000 | 35,000 | 211,000 | 270,000 |
| 57 | 24,000 | 35,000 | 200,000 | 259,000 |
| 56 | 24,000 | 35,000 | 190,000 | 249,000 |
| 55 | 24,000 | 35,000 | 180,000 | 239,000 |
| 54 | 24,000 | 35,000 | 170,000 | 229,000 |
| 53 | 24,000 | 35,000 | 161,000 | 220,000 |
| 52 | 24,000 | 35,000 | 153,000 | 212,000 |
| 51 | 24,000 | 35,000 | 145,000 | 204,000 |
| 50 | 18,000 | 35,000 | 137,000 | 190,000 |
| 49 | 18,000 | 35,000 | 130,000 | 183,000 |
| 48 | 18,000 | 35,000 | 123,000 | 176,000 |
| 47 | 18,000 | 35,000 | 117,000 | 170,000 |
| 46 | 18,000 | 35,000 | 111,000 | 164,000 |
| 45 | 18,000 | 35,000 | 105,000 | 158,000 |
| 44 | 18,000 | 35,000 | 100,000 | 153,000 |
| 43 | 18,000 | 35,000 | 94,000 | 147,000 |
| 42 | 18,000 | 35,000 | 89,000 | 142,000 |
| 41 | 18,000 | 35,000 | 85,000 | 138,000 |
| 40 | 18,000 | 35,000 | 80,000 | 133,000 |
