Small Business Services

Your Small Business Professional Team

What We Do

65+

Years of Finance Experience

150+

Small Businesses and Families Served

Comprehensive Retirement Plan Services

Small business benefits are more important now than ever to. Retirement plan benefits help employer and employees increase their success in obtaining their retirement goals. With this mind, we strive to serve both the employer and employee with personalized financial planning and investment solutions. As ERISA fiduciaries, we help employers select the appropriate retirement plan, plan partners and associated vendors. Operating in in either a 321 or 338 fiduciary capacity, our process includes reviewing, implementing, and monitoring your plan to keep you up and your fiduciary filing cabinet up to date. For your valued team members and employees, we help with education, enrollment, and investments.

Our Goal: Help People Retire.

Our Managed Packages

ERISA Services and Plan Options

BRONZE

SILVER

GOLD

PLATINUM

BASIC PLAN
SERVICES
Annual meeting with executives, Investment Review committee (IRC) and participants. Semi-annual meeting with executives, IRC and participants. Quarterly meeting with executives, IRC and participants with market update and education. Quarterly meeting with executives, IRC and participants with market update for all participants.
ENROLLMENT Sponsor driven process. Sponsor driven process.

Legacy Financial Advisors liaison.

Legacy Financial Advisors driven with initial email, letters, documents and follow-up. Legacy Financial Advisors driven with initial email, letters, documents and follow-up.

Enrollment meetings.

PARTICIPANT EDUCATION Platform resources
available i.e. website with
tools, calculators and
more.
Market overview at
semi-annual meeting.
Quarterly participant educational meetings.

Prompt personal communication with licensed registered rep for participants and executives.

Quarterly participant educational meetings.

Prompt personal communication with licensed registered rep for participants and executives.

Annual Lunch-n-Learns.

FIDUCIARY
SERVICES
Sponsor chosen platform. Sponsor chosen platform with Legacy Financial Advisors assistance and 3(21) platform review. Legacy Financial Advisors driven with 3(38) fiduciary
responsibility fund line up and changes.Annual review related to the DOL Fiduciary Rule by Legacy Financial dvisors. Portfolio allocation buckets.
Legacy Financial Advisors driven with 3(38) fiduciary responsibility fund line up and changes.

Annual review related to the DOL Fiduciary Rule by Legacy Financial Advisors.

Portfolio allocation buckets.

Quarterly investment committee meetings.

Included in all Basic Plan Services: Platform Maintenance.
Participant Services. (Contribution/Distribution) Liaison.

For Current Pricing, Please Contact Us

The 4 Pillars of THE ERISA PLAN PARTICIPANT PROCESS

While working in-conjunction with your company, the financial advisors at the Legacy Financial Advisors strive to provide excellent participant and plan level service. We believe that each pillar in the ERISA Plan Participant Process related to your 401(k) or 403(b) programs is an essential member.

I

Company

  • Oversight of Plan
  • Department of Labor (DOL) File Cabinet
  • Annual Plan Review

II

Legacy Financial Advisors

Non-Fiduciary Services
  • Basic Plan Services
  • Plan Meetings
Fiduciary Services
  • Fund Line Up
  • Annual Plan DOL Fiduciary Rule Preparedness
  • Review Assets Management

III

Custodian

  • Custody Plan Assets
  • Plan Platform
  • Disclosures
  • Process Transactions
  • Daily Updates and Valuations
  • Call Center (Cost: .20-.40%)

IV

Third Party Administrator

  • Reviewing Plan per ERISA
  • Prepare and Sign Off Documents
  • Compliance Testing
Administration Fees / Estimates
  • Annual- $1,500
  • Cross Testing- $450
  • Participant- $45 per
  • Plan Set-Up- $1,250-$1,500

Ready to get started?

Contact us and schedule a consultation today!

Get started today