We Specialize in
Tailored Business Retirement Plans
From Customized Plan creation to Investment Management, OakGrove Wealth Management is a one-stop shop for all of your 401(k) needs. We will focus on understanding your business, your employees and your future before recommending a perfect fit retirement plan.
Retirement Plan Solutions
Check out the many business retirement plan options to upgrade your benefits package for you and your employees. Key questions to ask when weighing your choices:
- Would you like to optimize your personal savings?
- Are benefits a key component in attracting and retaining employee talent?
- How has your current plan tested in compliance, fees and performance?
- Are you looking for better retirement tax strategies?
- Are you concerned about your employee’s financial welfare?
Wildly the most popular platform for many businesses. Let us help you navigate through all of the hundreds of options. Use our expertise and experience to find the plan that fits best for your long term goals and budget.
Does a Traditional 40(k) Plan combined with supplemental options fit your business? Ask our trained retirement consultants what options are best for you and your employees.
By adopting an association plan with other businesses, you will eliminate individual plan audits, Form 5500 filings and other administrative responsibilities. By joining together, you will enjoy lower costs and no fiduciary liabilities.
- Multi-Employer Plans
- Multiple Employer Plans
Perfectly suited for business owners seeking higher contribution levels, especially professional service firms with high profit margins. Combines 5 contribution components:
- Defined Benefit Plan
- Traditional
- Cash Balance
- 401(h)
- Post Retirement Health Benefit
- 401(k) Plan
- Profit Sharing
- Tax Reserve
- Defined Benefit Plan
Allows business owners to avoid most annual compliance tests, ie. Top-Heavy Discriminatory Test. Employer Match can be set up in one of three ways:
- Non-Elective: Immediate fully vested 3% of salary. No employee contribution necessary
- Traditional Match: 3% of employee contribution and 50% of next 2%
- Enhanced Match: 4% of employee contribution
With the new laws from the signing of Secure Act 2.0 taking affect, coupled with the tight labor market, more and more employees (and potential employees) are looking for ROTH IRA options in the benefit packages from their employer.
This Savings Incentive Match Plan for Employees is a great first step in providing a retirement plan for those businesses with less than 100 eligible employees. There are no filing requirements and no fiduciary responsibilities.
Discretionary contributions that help employees save for retirement based on the financial well-being of your company. This plan is added to your 401(k) and can be paid by either cash or company stock. You can also pay out a combination of a profit sharing contribution and a bonus directly to your employees.
A great cost savings tool for business owners leading up to retirement of employees. Similar to a pension plan, employees can choose a guaranteed lifetime payout or take a lump sum distribution.
These pension funds are pooled investment accounts used to distribute monthly income for the life of the employee. These are either a single-employer or multi-employer plans with benefits guaranteed by the PBGC.
What We Do Best
Employer Services Overview
Time is money, we’ll save you both. Our focus is on you and your business to support your daily management and overall fiduciary responsibilities. We are the go-to adviser for navigating relationships with TPAs, payroll companies and custodians.
Investment Strategies and Solutions
Whether you use our proprietary portfolios, another investment management or both, we will work alongside you and your business to create the perfect mix of assets for your retirement plan.
Employee Services
A perfect fit retirement plan attracts and retains great talent for your business. One of the most attributable forces for employee satisfaction is your benefit package. This precisely why we focus on bringing best-in-class service to your employees. Here is where we begin:
- Ongoing Personal Employee Support
- One-on-One Employee Meetings
- Goals-Based Investing Guidance
- Investing and Financial Education
401(k) Plan Support
There are many moving parts to a perfect fit retirement plan, but none more important than compliance and service. We will constantly review the features and use of your 401(k) while we coordinate with other service providers. We will field employee questions, assist in retirement plan loans, distributions and rollovers.
Fiduciary Responsibility
It’s your choice, like all of our customizable retirement plans, whether you hire us as your 3(38) Full Fiduciary Investment Manager or hire as your guiding light as a 3(21) adviser. Here’s a list of Services to save time and money:
- Management Services for Administrative and Compliance
- Plan Consultants and Advisers for proactive Employer support and Employee Services
- Customized Investment Portfolios
Best in Class Service for You Your Business Your Employees
We will help find you the perfect fit retirement plan. We will laser focus on your needs to bring value-added services to guide your employees happily toward retirement. All of our experience and resources are at your disposal.
The Best Reasons to Make the Switch
Let us help you find the perfect fit retirement plan.
Minimize Taxes
and Fees
Successful Testing
with
No Compliance Issues
Higher Employee Participation
with Individual Retirement Guidance
Administrative Burden
and Fiduciary Liability
Let's Talk
Your first consultation may be free, but our conversation will be priceless. Call today to get your business a perfect fit.
- Starting a New Retirement Plan
- Upgrading Current Retirement Plan
- Overall General Guidance
- Plan Review
- Other