OUR FOCUS
You are focused on running your business. Therefore; we focus and offer expert services to run your corporate retirement plan. Our specialties include:
- Profit Sharing – 401(k), Safe Harbor
- SEP
- SIMPLE
- Money Purchase
- Defined Benefit
OUR PROCESS
Complimentary Initial Consultation
This serves as a dual-interview to determine if there is an opportunity to develop a lasting business partnership. If we both determine that there is opportunity, we’ll schedule a time to meet for the Fact Finding meeting.
Fact Finding
In this meeting we gather all the information pertaining to your retirement plan; including your objectives. To make the best use of your time, please provide us with all the necessary documents pertaining to the retirement plan including current plan documents. Before the end of this meeting we will schedule a time to meet for a presentation.
Presentation
During this meeting we will present our recommendations, which are tailored specifically to your objectives. We will also provide a written proposal, our analysis and Investment Policy Statement. If you feel that we understood you clearly and are able to add value to your company and plan, than we schedule a time to begin implementation.
Implementation
A success of any plan depends on the implementation of the proposed recommendations. We will create action steps for each party to ensure proper implementation ensues.
Ongoing Services
1. We conduct enrollment meetings for all newly eligible employees to explain their options.
2. Participant Education
a. We fully educate participants on the details of the plan.
b. Host group financial planning workshops.
c. If you choose, we will also provide individualized financial advisory services for participants.
Annual Fiduciary Review
We conduct an annual assessment of the plan’s fiduciary obligations; limiting the fiduciary responsibility in some cases for you.
Investment Monitoring
We continue to monitor investments to ensure plan expenses and security performance are in line or exceeding industry standards. When necessary, we will recommend changes to the investment options as new opportunities present themselves.
Partnership Opportunities
We coordinate activities with other professionals such as CPAs, Attorneys, etc. when necessary.
OUR BENEFITS
Fee Transparency: Current legislation (and litigation) is pointing toward full fee disclosure to both companies that sponsor retirement plans, as well as the individual participants- a movement that is long overdue. Beacon Hill’s fully transparent fee structure will not only comply with this new movement, it will move you ahead.
Experience: Our experience being an Administrator for a company allows us to understand the headaches in having these plans- and helps us eliminate them for you! Our experience includes working directly with DB plans.
Competitive Pricing: We’ve seen many companies start to take advantage of great relationships as pricing becomes misaligned with industry norms. We analyze our tiered pricing structure annually to ensure we’re at or below industry benchmarks.
Test the water! We will analyze your current fees; you might be surprised! We’ll also show you a comparison of our fees and service model.
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