Retirement Plan Services
A quality retirement plan is one of the most sought-after employment benefits. Helping your employees save for retirement demonstrates your care for their long-term financial well-being, but how do you know if your plan meets the mark? Whether you are starting from scratch or need to evaluate an existing plan, at RKL, our advisors have decades of experience developing and monitoring corporate retirement plans to meet your unique business objectives.
Why RKL Private Wealth?
Expert Advisors Who Understand Your Business
RKL Private Wealth’s specialized employee retirement plan service provides you with a team of knowledgeable and dedicated advisors who prioritize understanding your business goals and creating a plan tailored to support them. This customized approach allows us to serve the retirement plan needs of organizations ranging from startups to corporations.
Unbiased, Fee-Based Service
You’ll never pay a commission to work with us. As a fee-based advisor, we can provide unbiased advice, charge a set fee rate and protect your interests as a plan fiduciary according to federal law. Plan benchmarking of services and costs keeps your fee structure competitive and your plan in line with similar-sized organizations.
Proactive Investment Management
At RKL Private Wealth, our in-house investment team designs and monitors your plan’s investments. We work with plan sponsors to develop an investment offering to meet your employees’ needs and risk tolerance. Behind the scenes, we manage the Plan investments to ensure they meet the investment policy statement and are in compliance with ERISA Standards
What RKL Private Wealth Can Offer You
- Fiduciary support
- Professional fiduciary services
- Retirement plan design and administration
- Employer and employee education
- Investment expertise
Comprehensive Fiduciary and 401(k) Solutions to Simplify Retirement Planning
Professional Fiduciary Services
We are a 3(38) fiduciary, meaning we have full discretionary authority to manage your plan’s investments. We select, monitor and replace investment options for you and your employees. This allows you to transfer responsibility and liability for your employees’ plan investments to us, reducing your risk. Our in-house investment team applies expertise and robust risk management to evaluate investments, considering performance, fees and risk factors.
401(k) Profit Sharing Plan
A 401(k) Profit Sharing Plan enables employees to save for retirement through easy payroll deductions and tax-advantaged investment growth. This plan allows both employers and employees to contribute to employee accounts. It offers flexibility, including options for pre-tax and Roth (after-tax) employee deferrals, with or without employer matching contributions. Additionally, employers may choose to make annual discretionary contributions and can select from various allocation formulas to tailor the plan to their specific objectives.
457 Plan
457 Plans are retirement savings options available to employees of government and qualifying non-profit organizations. Participants can make pre-tax contributions and may defer Roth (after-tax) contributions. Distributions from the plan do not impose an early withdrawal penalty if under age 59.5. The plan helps employees optimize their retirement savings.
Multiple Employer Plan 401(k) (MEP)
MEPs allow multiple employers, typically within the same industry or trade association, to participate under a single plan structure.
Pooled Employer Plan 401(k) Profit Sharing Plan (PEP)
A PEP lets unrelated employers participate in a single pooled 401(k) plan with different plan provisions per employer. PEPs are administered by a pooled plan provider and provide additional fiduciary coverage for employers.
Cash Balance Plan
A Cash Balance Plan is a defined benefit plan similar to a traditional pension that provides a specific benefit at retirement to eligible employees and can work in conjunction with an existing 401(k) plan.
