Employee Group Retirement Plans
We consult on, setup and maintain all types of company retirement plans for small businesses.
Family Business Office has considerable first hand experience implementing a wide variety of company retirement plans including pension, profit sharing (including age-weighted, cross tested and safe harbor plans), SEP’s, SIMPLE’s and ESOP’s.
We are skilled at setting up or reconfiguring traditional 401(k) plans into “pooled” or self-directed 401(k)s, using no load and NTF accounts with unlimited investment choices, custodied at TD Waterhouse or Charles Schwab.
Self-directed accounts provide individual accounts with online access and trading. They also normally result in lower overall cost. Personalized administration is provided through a third party administrator.
As a Registered Investment Advisor, we isolate the employer from liability by establishing investment policy, providing investment advice and management, and conducting quarterly meetings.
Employee Group Health Insurance
We know that the high and ever-increasing cost of medical insurance is one of your biggest headaches. That’s why we have made it a specialty.
We can help you get your cost down, using one of the following approaches:
- Dual level plans
- Cost-saver plans
- Consumer-driven plans (pre-tax contribution), including:
- HRA’s- Health Reimbursement Accounts
- HSA’s – Health Savings Accounts
- FSA’s – Flexible Spending Accounts
- Self-funded plans
- Voluntary plans, paid for by the employee
Increased benefits for owners. We can set up executive policies that allow selected key individuals to have their out-of-pocket medical expenses paid 100% by the employer.
Family Business Office maintains a dedicated service function to handle plan, policy and claims issues. We can interface directly with carriers, providers, networks and employees to free up your time.
You can save additional administrative time through our setup for easy online access to forms, plan descriptions and other documents.
As a fee-based advisor, we can also review your current plan alternatives, for a fee.