401(k)| 403(b)| Profit sharing |Defined Benefit |MEP | Executive Compensation
At Souders Financial Group, our goal is to help you manage a successful and cost-effective retirement plan that helps you attract and retain valuable employees and helps prepare them for life in retirement. You can rely on our experienced advisors to:
We address your needs across all aspects of plan operations—including plan conversion, service provider changes, investment menu updates, vendor benchmarking and employee communications. And we meet the needs of participants by providing plan enrollment and 401(k) rollover assistance, objective insights on investment allocations, and ongoing employee education.
We can assist you with the preparation, distribution and evaluation of Request for Proposals, finalist interviews, and conversion support.
We provide you with comparisons of Plan data (e.g., regarding fees and services and participant enrollment and contributions) from the Plan’s prior years and/or a benchmark group of similar plans. With access to sophisticated investment tools and objective research, we are able to examine a broad range of providers and generate detailed reporting and comparisons.
We help you identify fees and other costs borne by the Plan for investment management, recordkeeping, participant education, participant communication and/or other services provided with respect to the Plan.
Souders Financial Group helps you provide an effective retirement plan to your employees. As ERISA 3(21) & 3(38) fiduciary advisors, we adhere to a high standard of fiduciary excellence as we assist you with:
Assist in the preparation or review of the Plan’s investment policy statement (“IPS”). Act as your liaison, working with service providers, product sponsors or vendors. In such cases, we act only in accordance with your instructions on investment or Plan administration matters and shall not exercise judgment or discretion.
Perform ongoing monitoring of investment manager(s) or investments in relation to the criteria specified in the Plan’s IPS or other written guidelines you have provided.
Recommend, for your consideration and selection, 1) specific investments to be held by the Plan, or in the case of a participant-directed defined contribution plan, to be made available as investment options under the Plan; and 2) investment replacements if an existing investment is determined by the Plan Sponsor to no longer be suitable as an investment option.
Prepare reports describing the performance of Plan investment manager(s) or investments, as well as comparing the performance to appropriate benchmarks.
Provide training for the members of the Plan Committee with regard to their service on the Committee, including education and consulting with respect to fiduciary responsibilities.
At your direction, we can assist you in making changes to investment options under the Plan. However, we may not take discretion regarding the changes to be made, and any related trades must be executed by the custodian or a party other than the plan Investment Advisor Representative (IAR).
As part of our Ongoing Investment Recommendation Service, we can assist you in identifying investment options in connection with the “broad range” requirement of ERISA 404(c).
As part of our Ongoing Investment Recommendation Service, we can assist you in identifying an investment fund product or model portfolio in connection with the definition of a “Qualified Default Investment Alternative” (“QDIA”) under ERISA.
At Souders Financial Group, we believe a successful participant education and communication program is critical to the success of your retirement plan. We work with you and your retirement plan committee to create the most appropriate program for your employee population which may include: