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Start Up Plan
Rolling Over Existing Plan
Rolling Over Existing Plan
Employee benefits such as a 401k account is a great way to show employees you care and retain top talent. Start up plans have great tax incentives to offset administrative costs for the offering.
- Things to consider when starting a plan:
- Admin Costs
- Employer Contributions
- Record Keeper Fees
- Preparing the 5500 form
- Cross Testing Audit Expense 401k rules
Alternatives to a 401(K) some employers offer profit sharing, Simple IRAs or auto-deduct IRAs. We will work with you to determine which plan may be right for your organization. Click Here to schedule a call to discuss a personal retirement plan .
Rolling Over Existing Plan
Rolling Over Existing Plan
Rolling Over Existing Plan
We recommend reviewing your 401k account and the comparing the on-going costs to administrate the plan. More important you should also assess the customer service provide by your plan.
1. How often does the Investment Advisor present to your employees?
2. Does your advisor or record keeper send market insights to participants?
3. Does your record keeper keep you current on DOL rules?
4. Does your advisor provide other tax savings strategies?
We know you are busy and rolling into a new plan is not an easy decision. Let's us conduct a plan comparison. If change makes sense we can make it easy.
Brookwood Solution
MEP 401(k)
Do 401(k) expenses feel like you are carrying around a boat anchor? Certain 401k rules do add expenses but multi-employer 401k account spreads these expenses across several participating companies.
Brookwood saw the inefficiencies of traditional 401(k) plans and did something about it. We
create a Multi-Employer Plan to streamline efficiencies and added a layer of professional management.
If you ever looked at your benefits enrollment guided and invested based on your favorite color. Give us
5 minutes to share our opinion why we should earn your business.
How to get the most out of your plan!
Getting Started with Brookwood
Our 90 day personal retirement plan is designed to help you and your employees get the most out of their retirement savings plan. Once we establish the new our goal is to engage and educate your employees on the importance of long term saving.
We have seen in a lot of plans employees commit too much initially. This is similar to the New Year's resolutions. They crash and burn. Our goal is to help them change their behavior slowly and permanently. As outline in Shlomo's book slow and steady wins the race.
If you are considering a new plan or plan change please we would like to offer you a complimentary electronic copy of "Save More Tomorrow" this is a great resource for 401k rules
Disclosures
Brookwood Investment Advisory
Brookwood is headquartered at 3930 E. Ray Road, Suite 155, Phoenix AZ 85044. It is important to read our disclosures available at this link: https://brookwoodinvestmentgroup.com/disclosures/. Advisory Investments contain risk which may result in the loss of principal.
Insurance Related Recommendations
Our representatives are licensed insurance agents with affiliated or non-affiliated companies. In this role, they may recommend certain insurance-related products for which they may receive compensation via direct commissions. This creates a potential conflict of interest, as the commission earned could influence their recommendations. It is crucial that you review your representative's Brochure Supplement to understand any potential conflicts.
You are under no obligation to purchase any commission-based products from our representatives. You are free to purchase insurance-related products recommended by our representatives through other, non-affiliated representatives and/or companies.
Tax and Law
Our advisors do not give legal or tax advice. You should always consult with a licensed professional in these areas concerning your financial plan. Our professionals may provide referrals but do not practice law nor prepare tax documents.