Canby Financial Advisors - Retirement Plans

We can assess your retirement plan goals, determine which plan design will provide the greatest benefit to your organization, assess your fiduciary risks, and help you to implement an effective employee communications plan.

Plan Design and Consultation
Managing Fiduciary Liability
Employee Education Services
Types of Retirement Plans

Plan Design and Consultation

What are your organization's primary objectives for offering a Retirement Plan?

Maximize retirement savings for the business owners
Attract and retain valuable employees
Provide a flexible, cost-effective benefit program

We will help you evaluate your current plan. If we determine your current plan is not meeting all of your company's objectives, we will work with you to negotiate changes with your current service providers, or we will coordinate a search process for possible alternative providers.

If you are establishing your organization's first retirement plan, we can help you determine which retirement plan design will be most effective for your situation.

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Managing Fiduciary Liability

Your primary responsibility as a Plan Sponsor is to achieve and document your compliance with the myriad of government regulations concerning qualified retirement plans. The federal government organizations with oversight for retirement plans are:

The Department of Labor, through ERISA laws
The Internal Revenue Service, through the annual filing of Form 5500
The Securities and Exchange Commission, which regulates most investment choices.

Managing your fiduciary liability should enhance the general health of your organization's retirement plan. Canby Financial Advisors will work with you to make sure you are in compliance and are offering appropriate choices for your employees to diversify their investments.

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Employee Education Services

Participating in a retirement plan can be intimidating to many employees. Canby Financial Advisors understands this and we provide the educational services to make your employees more comfortable with the decisions they must make in order to participate in and benefit from your organization's retirement plan.

Enrollment Meetings

Explain the plan details: eligibility, matching contributions, vesting, etc.
Describe the investment options and how to diversify their account
Educate employees on overall retirement planning
Quarterly Newsletter

In addition to our on-site meetings, Canby Financial Advisors will send each participant a Quarterly Newsletter, which is designed to remind your employees to contact us with any questions. We want to save you time and hassle by having your employees contact us rather than you.

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Types of Retirement Plans

Canby Financial Advisors can assist you and your organization with the following types of retirement plan products:

401(k) Plans with discretionary matching and profit sharing contributions
Safe Harbor 401(k) Plans with required employer contributions, but reduced compliance testing
Profit Sharing Plans—Straight, age-weighted and new comparability designs, with or without Social Security Integration
Money Purchase Pension Plans
Defined Benefit Plans
SIMPLE-IRA Plans for small employers with less than 25 employees looking for reduced costs
403(b) Programs for education, health, and religious organizations and their employees
Individual 401(k) Plans, for one-person businesses and their family members

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Contact us to determine which plan design offers the greatest benefit to your organization.

Canby Financial Advisors
161 Worcester Road
Suite 408
Framingham, MA 01701

508-598-1082
info@canbyfinancial.com

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