Personalized retirement strategies
Our team of CERTIFIED FINANCIAL PLANNER™ (CFP®) professionals takes a personalized approach to create retirement strategies that reflect your employees’ current financial situation and aspirations. We believe in crafting 401(k) plans that evolve with their needs over time.
Professional investment management
Our seasoned investment professionals carefully curate a range of investment choices for your 401(k). We ensure a diverse portfolio that balances risk and potential returns.
Education and empowerment
We empower you and your employees with knowledge through educational resources and workshops. Our goal is to ensure you all understand the intricacies of your 401(k) plan, enabling you to make informed decisions about your financial future.
Mitigate the cash-out
Tailor plans for diverse
According to Charles Schwab’s report, 38% of workers seek advice on retirement timing, 40% want assistance with 401(k) investment decisions, and 36% want to create a retirement income stream*. Our specialized workshops and expert guidance ensure that your employees are empowered to make informed decisions and maximize the benefits of their 401(k) plans.
* Source: schwab.com, “Schwab Study: Workers Continue to Prioritize 401(K) Saving Amid Anxiety About Inflation and Market Volatility”, 08/02/2023.
Employee retention is intertwined with their retirement readiness. Unfortunately, too many employees cash out their 401(k)s when changing jobs*, often due to a lack of guidance. At Signet, we believe in equipping your employees with the necessary knowledge to make informed decisions during job transitions. Our just-in-time financial education and exit meetings can greatly reduce the cash-out trend, preserving retirement security.
* Source: hbr.org, “Too Many Employees Cash Out Their 401(k)s When Leaving a Job” by John G. Lynch, Yanwen Wang, and Muxin Zhai, 03/07/2023.
Every employee’s financial journey is unique. Whether they seek a traditional 401(k) plan with pre-tax contributions or a Roth 401(k) option for tax-free withdrawals, we offer the flexibility to cater to diverse preferences. Our investment options include a range of vehicles such as mutual funds, stocks, bonds, and exchange-traded funds (ETFs) to help ensure a balanced approach to retirement savings.
Understanding the annual contribution limits is essential. The Secure 2.0 Act allows employees to allocate up to $2,500 annually for emergency expenditures without depleting their retirement fund. Our team can guide your employees on utilizing this provision wisely, enabling them to safeguard their retirement assets while addressing immediate financial needs.
* Source: investopedia.com, “SECURE 2.0 Act of 2022: Overview, Rules, Limits”, 04/23/2023.
401(k) plan design and implementation
Our advisors work closely with you to design and implement a customized 401(k) plan that aligns with your company’s goals and the needs of your employees. We handle all aspects, from plan structure to regulatory compliance.
Employee education workshops
A well-informed team is crucial for the success of any 401(k) plan. We conduct engaging workshops to educate your employees about the importance of retirement planning, investment strategies, and maximizing their 401(k) contributions.
Investment advisory services
Our seasoned advisors provide tailored investment recommendations based on your employees’ risk tolerance, time horizon, and financial objectives. We continuously monitor and adjust their portfolios to ensure it remains aligned with their goals.
Fiduciary guidance and compliance
We provide comprehensive consulting to ensure that your plan remains compliant with ERISA and other pertinent requirements. We help you meet fiduciary responsibilities and stay up-to-date with changing regulations.