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Corporate 401(k) Management & Advisory

Corporate - 401(k), Profit Sharing, Cash Balance, Defined Benefit and Beyond...

401(k) Plan - A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis. Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan. Earnings accrue on a tax-deferred basis.

Profit-Sharing Plan - A plan that gives employees a share in the profits of the company. Each employee receives a percentage of those profits based on the company's earnings.

Cash Balance Pension Plan - A pension plan under which an employer credits a participant's account with a set percentage of his or her yearly compensation plus interest charges. A cash balance pension plan is a defined-benefit plan. As such, the plan's funding limits, funding requirements and investment risk are based on defined-benefit requirements: as changes in the portfolio do not affect the final benefits to be received by the participant upon retirement or termination, the company solely bears all ownership of profits and losses in the portfolio.

Define Benefit Plan - An employer-sponsored retirement plan where employee benefits are sorted out based on a formula using factors such as salary history and duration of employment. Investment risk and portfolio management are entirely under the control of the company. There are also restrictions on when and how you can withdraw these funds without penalties. Also known as "qualified benefit plan" or "non-qualified benefit plan."

SEP, SIMPLE and Solo-401(k) - Plans are available to sole proprietors and small business owners as a way to shelter current income from federal taxation while saving dollars for retirement. Depending on the employer’s goals and the size of the business, Harbor Retirement Planning can help identify the plan that’s right.

Who’s Helping You?

The corporate retirement plan landscape can be complicated and confusing, especially considering the plethora of laws and regulation changes that govern them.

We are well versed on all aspects of plan operations, including plan conversion, changing service providers, updating investment menus and fine-tuning your plan strategies. By partnering with our firm, you may be surprised at what we find in your current plan—hidden fees, extra fees and poor investments—and how we can help ensure that your plan works more efficiently for your needs and the needs of your plan participants.

Plan Sponsor Services Include:

  • Plan Design Assistance
  • Investment Menu Review & Analysis
  • Plan & Vendor Benchmarking
  • Assistance with Custom Investment Policy Statement (IPS) Design & Review
  • Fee Review, Analysis & Negotiation
  • ERISA Compliance Reviews Assistance
  • Plan Document Services
  • Vendor Management & Negotiation
  • Plan Committee Education
  • Independent Objective Investment Advice
  • On-site Employee Education & Enrollment Services
  • Plan Conversion Assistance
  • Competitive Pricing & Comparisons

** Additional customized options may include:

  • Self-Directed Brokerage Accounts
  • Open Architecture Investment Offerings
  • Life Insurance & Variable Annuity Options

Participant Services for Include:

  • Comprehensive Investment Menus
  • Tax-deferred Retirement Savings
  • Competitive Pricing
  • Retirement Counseling
  • Independent Objective Investment Guidance
  • Managed Account Services
  • On-Site Services

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