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BUSINESS SERVICES


 
A well designed retirement plan contributes to company value, increasing employee morale and can help to recruit and retain your valuable employees.  When you consult with Firmani Retirement Services & Consulting Group, LLC you can be confident that you will receive a complete review of your company’s retirement services needs including the following areas:

 

  • Retirement Plan Feasibility Study
  • Plan Design & Document Analysis
  • ERISA Fiduciary Compliance Review
  • Service Provider Management
  • Fee & Expense Analysis
  • Investment Analysis & Performance Overview
  • Investment Policy Statement
  • Employee Education & Communication Programs
  • Tax Planning*
  • Risk Management

 

Retirement Plan Feasibility Study

Designed to assist your company to insure your plan is operating as effectively and efficiently as possible from both a plan sponsor and participant perspective. This comprehensive analysis includes a detailed review of plan provisions, investments, service providers, value and costs. Please see our Retirement Plan Feasibility Study page for complete details of services.

     

Plan Design & Document Analysis

The proper plan design is essential to creating a successful retirement plan.  We assist you with the plan design that meets your individual needs.  We want to understand your goals, objectives and concerns for retirement to provide you a range of plan design options for your organization.

   

ERISA Fiduciary Compliance Review

Plan regulations and fiduciary standards are consistently changing and can be complex.  Our continuous review will assist you with meeting your fiduciary responsibilities.

 

Service Provider Management

An important factor to a successful retirement plan also includes the selection and determination of the proper service model for your company.  We monitor the service as well as the value and benefits offered.  We work closely with you and your service provider so that your plan is operating effectively and efficiently.

 

Fee & Expense Analysis

We continuously benchmark your plan to ensure that your plan costs are competitive to industry standards.

 

Investment Analysis & Performance Overview

Selecting and monitoring plan investments is also a very important role as a plan fiduciary.  The process starts with a strategy that meets your investment goals for you and your employees.  A review of expenses, performance and asset classes is also critical to the evaluation of your investments.

 

Investment Policy Statement

Documentation of selection and monitoring of investments is completed with a written investment policy statement for your plan.  The investment policy statement creates a defined process of the objectives of the plans investment strategies and formalizes it in a written document.

 

Employee Education & Communication Programs

Customized group or individual meetings for your employees to discuss the benefits of your retirement plan.  Includes review of goals, asset allocation, plan provisions, company contributions and retirement planning strategies.  Personalized Financial Profiles are offered to evaluate amounts to achieve a successful retirement.

 

Tax Planning*

Review your plan to maximize your tax strategies for your business.

 

Risk Management

Evaluate your company’s specific situation for potential insurance needs.

TYPES OF DEFINED CONTRIBUTION PLANS

  • 401(a), 401(k), 403(b)

  • Roth 401(k) & 403(b)

  • Profit Sharing

  • Traditional

    Integrated

    Non Integrated

    Cross Tested / New Comparability

    Age Weighted

  • Employee Stock Option Plan (ESOP)

  • Prevailing Wage / Davis Bacon Plan

  • Simple IRA Plan

  • Simplified Employee Pension (SEP)

  • TYPES OF DEFINED BENEFIT PLANS

  • Traditional

  • Cash Balance

  • 412(e)(3) Fully Insured Plan

  • TYPES OF NON-QUALIFIED PLANS

  • Non-Qualified Deferred Compensation Plan

  • Executive Bonus Plan (Section 162)

  • Supplemental Executive Retirement Plan (SERP)

  • Split Dollar Plan

  • Permanent Benefit Plan (Section 79)

  • * Firmani Retirement Services & Consulting Group, LLC does not provide tax or legal advice. Please consult with your tax and/or legal advisors.

    Securities offered through: Advisory Group Equity Services, LTD. Member FINRA/SIPC.

    444 Washington Street Woburn, MA 01801 (781) 933-6100

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