Retirement Savings

Many people lack sufficient retirement savings to be able to retire when desired. The media's continued focus on savings has led employees to regard a 401k plan from their employers as a necessity rather than as a perk. In order to attract good people to your small business, you will need to offer a retirement plan with flexibility and lots of options for your participants. At Wellington Financial Group, Inc. we offer the perfect solution--a plan that offers all that and more, and keeps your administration costs low.

There is no question that tax-deferred retirement savings are a boon to participants, with the magic of compound interest. However, many investors want more choices than the traditional 401k plan offers.

Our plan offers a vast array of mutual funds and individualized investment advice through our sister company, Wellington Consulting Services, Inc., a Registered Investment Adviser with the SEC.

Your plan participants will have access to over 2,100 no-load mutual funds, as well as the ability to invest in stocks, bonds, and CDs in their retirement account.

A well-known brand is a selling point with your participants; they will have more confidence and feel better about investing with a trusted name like Charles Schwab who acts as the plan custodian.

Small Businesses and Employee Retirement Savings Options

One of the reasons Wellington Financial Group, Inc.'s 401k for small business is so cost-effective is our efficient software. With a few clicks of the mouse, you can process your payroll contributions or make changes without having to re-enter all the data.

With Schwab as the plan custodian, each participant maintains his or her own account at Schwab. Schwab processes the monthly statements for you and sends them to your participants' home addresses.

All you have to do is send in one contribution by check or via electronic funds transfer and provide year-end census data for testing. It's that simple! Now you can offer your employees better retirement savings options than even large corporations have.

Contact us today to get started.