Corporate Retirement Plans

At Strategic Financial Partners, we strive to add value in several ways, particularly when it comes to retirement planning. Here are some key ways Strategic Financial Partners can add value:

1. Investment Guidance and Strategy

• Portfolio Construction: Strategic Financial Partners helps employers narrow down investment options that align with the plan's objectives.
  
• Ongoing Monitoring: We help ensure the plan remains aligned with the employer's goals by periodically reviewing investment options, reporting, benchmarking and analysis. 

2. Employee Education

• Employee Communication Meetings: We will conduct employee benefit meetings to ensure that your employees understand their benefits. These meetings will be at the request of the employer and can be used to educate employees on current benefits, Medicare and Medicare eligibility, health care reform, current events, or any other specific topic with regards to employee wellbeing.
• One on One Employee Enrollments: We will schedule and conduct personal enrollment and benefit education meetings for each newly eligible employee. We will make ourselves available to each employee to handle any daily changes to their enrollment (adding, dropping, changing, etc.). This service model is designed to reduce the workload of your administrative staff by allowing your employees the opportunity to work with us directly.
• Employer Match: We educate employees on how to contribute enough to capture the full employer match, which maximizes the benefit of contributing to a 401(k).
• Contribution Strategies: Our goal is to educate employees on their contribution strategy, including whether to increase contributions over time or take advantage of catch-up contributions for those over 50.

3. Fiduciary Responsibility & Compliance Support

• Best Interests: For many 401(k) we help with fiduciary responsibility, which means we are legally obligated to act in the client's best interests, ensuring unbiased advice and transparency regarding fees and expenses.

• Compliance Education: Helping your company with ACA, ERISA, DOL and COBRA compliance is one of our top priorities. We will help provide you with important material, notices, and information to help you maintain compliant and make informed decisions for your company and its employees. We will work to keep you ahead of the curve by notifying you of changes to the law regarding issues that will directly impact your business.

• HR Staff Support: We will be available to respond to questions relating to financial services from your human resources staff regarding topics like benefits, employee well-being, payroll, W-2 reporting, FMLA, ACA, plan eligibility, compensation, etc.

In summary, Strategic Financial Partners strives to add value by providing guiding retirement income planning, offering behavioral coaching, and ensuring a comprehensive approach to retirement planning. We help educate individuals about their 401(k) accounts and overall retirement plans.