Company Retirement Plans

The Blue Summit Experience

Is your 401k plan up-to-date? Are you considering whether to start a company retirement plan? Offering employees the opportunity to invest in socially responsible mutual funds within a 401k or 403b can help attract and retain the right kind of talent to your firm and encourage a sense of loyalty and commitment. Adding a company sponsored retirement plan can help contributing to a positive corporate culture and improve productivity; both key factors in your company's long term success.

In addition, offering socially responsible investments in your company's retirement platform sends a message to your customers and the community that you are committed to being a responsible organization and that your company is a leader within your industry.

The Blue Summit Experience

First Meeting: Get to Know You

We want to get to know you! In this initial complimentary meeting we will:

  1. Clarify the purpose of the retirement plan: e.g. to increase participation in the current retirement plan, attract new employees, improve retention, etc.
  2. Discuss your goals and values
  3. Determine if there is a basis for a working relationship
  4. Discuss our fees for services

Second Meeting: Gather Information

Now that we've decided to work together, we get to dive into the details! In order to develop your plan document and to select the mutual funds on the platform we gather all pertinent data and discuss items such as:

  1. Current account statements
  2. Eligibility requirements
  3. Employee census
  4. Vesting schedule
  5. Matching contributions
  6. Loan terms

Third Meeting: Present Recommendations

Now you get to see your retirement plan come together! We have integrated your goals and current plan information, and we have worked together with you to select investment options for your new retirement plan. For most of our business owners, this process gives them the clarity and confidence to move forward with implementing their company savings plan. Benefits of a Blue Summit company retirement plan may include:

  1. Attracting high quality talent
  2. Improving employee retention
  3. Contributing to a positive corporate culture
  4. Increasing participation in the current retirement plan
  5. Improving employee morale and attendance

Fourth Meeting: Implement the Plan

Now it's time to move forward! In order to complete a retirement plan set up we will take the following steps:

  1. Conduct an initial company-wide retirement planning orientation workshop
  2. Connect payroll with custodian to set up deductions
  3. Enroll employee participants on-line with username and password
  4. Begin automatic payroll deductions based on employee amounts and fund selections

Annual Review: Monitor Plan

We are committed to helping you stay on track! As fiduciaries overseeing your company retirement plan, we provide due diligence reports on the plan custodian, TPA, and fund managers. We meet semi-annually for employee education and new sign-ups, and we review your plan annually to make certain we adjust to any changes in the organization. It is our goal to ensure that your retirement plan is meeting the company objectives at all times.