As an employer, you’re likely aware of the significance of offering a robust retirement plan to attract and retain top talent. At Signet, we specialize in tailored 401(k) solutions that are designed to meet the evolving needs of your business and employees, with the aim of securing a financial future for all.
Our Approach to 401(k) Plans
At Signet, we are committed to assisting you in structuring a compelling match program that aligns effectively with your business objectives while also encouraging employees to make contributions toward their retirement goals. Our approach encompasses the following key elements:
Personalized Retirement Strategies
Our team of CERTIFIED FINANCIAL PLANNER™ (CFP®) professionals adopts a personalized approach to create retirement strategies that take into account your employees’ current financial status and future aspirations. We believe in crafting 401(k) plans that can adapt and evolve as their needs change over time.
Professional Investment Management
Our seasoned investment professionals carefully curate a diverse portfolio of investment choices for your 401(k). This strategy aims to balance risk and potential returns to promote your employees’ financial well-being.
Education and Empowerment
Knowledge is a powerful tool, and we empower both you and your employees with comprehensive educational resources and workshops. Our goal is to ensure that everyone involved understands the complexities of your 401(k) plan, enabling informed decisions about their financial future.
Elevate Your Employee Retirement Benefits with a Tailored 401(k) Plan
At Signet, we understand that offering a comprehensive and empowering 401(k) plan is an investment in your employees’ future and a strategic move for your business. Let’s collaborate to create a retirement strategy that aligns effectively with your business goals while fostering financial security for your valued employees.
Why 401(k) Planning Matters and How Signet Can Help
By partnering with Signet Financial Management, you’re taking a proactive step toward enhancing the financial future of your employees. We are dedicated to helping you establish well-structured 401(k) plans designed to navigate economic challenges and provide peace of mind to your employees.
Recent data from Charles Schwab’s report indicates that 38% of workers seek advice on retirement timing, 40% desire assistance with 401(k) investment decisions, and 36% aim to create a retirement income stream*. Our specialized workshops and expert guidance aim to empower your employees to make informed decisions and maximize the benefits of their 401(k) plans.
*Source: schwab.com, “Schwab Study: Workers Continue to Prioritize 401(K) Saving Amid Anxiety About Inflation and Market Volatility”, 08/02/2023.
Employee retention is closely tied to their retirement readiness. Unfortunately, too many employees cash out their 401(k)s when changing jobs*, often due to a lack of guidance. At Signet, we focus on equipping your employees with the knowledge to make informed decisions during job transitions. Our just-in-time financial education and exit meetings can significantly reduce the cash-out trend, helping preserve retirement security.
*Source: hbr.org, “Too Many Employees Cash Out Their 401(k)s When Leaving a Job” by John G. Lynch, Yanwen Wang, and Muxin Zhai, 03/07/2023.
Every employee’s financial journey is unique. Whether they prefer a traditional 401(k) plan with pre-tax contributions or a Roth 401(k) option for tax-free withdrawals, we offer the flexibility to cater to diverse preferences. Our investment options include a range of vehicles such as mutual funds, stocks, bonds, and exchange-traded funds (ETFs) to promote a balanced approach to retirement savings.
Understanding the annual contribution limits is essential. The Secure 2.0 Act allows employees to allocate up to $2,500 annually for emergency expenditures without depleting their retirement funds. Our team can guide your employees on utilizing this provision wisely, enabling them to safeguard their retirement assets while addressing immediate financial needs.
*Source: investopedia.com, “SECURE 2.0 Act of 2022: Overview, Rules, Limits”, 04/23/2023.
Our 401(k) Services
As your trusted partner, our primary goal is to streamline the process and minimize administrative burdens for your business. Our 401(k) services are meticulously designed to empower your employees with the tools and guidance necessary to navigate the complexities of retirement planning.
1
401(k) Plan Design and Implementation
Our advisors collaborate closely with you to design and implement a customized 401(k) plan that aligns effectively with your company’s goals and your employees’ needs. We handle all aspects, from plan structure to regulatory compliance.
2
Employee Education Workshops
An informed team is pivotal to the success of any 401(k) plan. That’s why we conduct engaging workshops to educate your employees about the importance of retirement planning, investment strategies, and maximizing their 401(k) contributions.
3
Investment Advisory Services
Our seasoned advisors provide tailored investment recommendations based on your employees’ risk tolerance, time horizon, and financial objectives. We continuously monitor and adjust their portfolios to ensure alignment with their goals.
4
Fiduciary Guidance and Compliance
We offer comprehensive consulting to ensure that your plan remains compliant with ERISA and other pertinent requirements. We assist you in meeting fiduciary responsibilities and staying current with changing regulations.