Retirement Savings Plans

Retirement savings plans don't have to be confusing for your participants or time-consuming for your human resources and accounting departments. With Wellington Financial Group, Inc.'s small business 401k plans, convenience and low administration costs are yours for the taking.

When looking at small business retirement savings plans, many owners conclude that their employees would be better off with individual IRA accounts. This is because usually IRAs have more investment options than 401k plans. With Wellington Financial Group, Inc., this is not the case. Your participants have access to a virtually unlimited platform of mutual funds, stocks, bonds and CD's.

Further, our plans are ERISA qualified, which means their assets have greater federal protection against creditors than non-qualified plans like IRAs.

Smart Choices for Retirement Savings Plans

This makes our retirement savings plans a smart place for your employees to consolidate their retirement savings. We make it easy and convenient for them to rollover their assets from your existing plan into the new one. We also make it simple for your new employees to transfer their assets from their previous employers' retirement plans through Wellington's convenient "Rollover Valet" service.

All this is done with about 15 minutes of your staff time per month. Wellington effectively acts as an extension of your payroll or Human Resources department and is able to answer your employees' retirement questions thereby freeing up the time of your company staff while avoiding the liabilities of providing investment and retirement planning information.

Wellington handles all the record keeping, including the yearly required testing, monthly participant statements, distribution processing, distribution tax withholdings and deposits, as well as tax filings. Support for your payroll department is included at no extra cost.

When you're ready to take an important role in helping your employees save for retirement, contact Wellington Financial Group, Inc.