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Aspen Wealth Management 401k and Retirement Services
Our clients come from a wide variety of industries and represent and include businesses big and small. Whether you represent a family owned business or a large corporation, our team is equipped to meet your needs.
Aspen Wealth Management’s 401k services are aimed at helping protect plan sponsor’s fiduciary responsibility and improving participant investment options and education.
Plan Design
Designing an effective 401k plan starts with identifying and prioritizing the plan sponsor’s goals, objectives and employee census data. Once the initial plan design is complete, it is important to review plan documents periodically to comply with changing laws and regulation.
Critical design elements include:
- Maximizing employer contributions
- Profit sharing options
- Loan provisions
- Contribution formulas
- Employer matching
- Employee vesting
Investment Analysis
Plan fiduciaries can be held personally liable for employee’s poor investment performance if they fail to provide adequate and appropriate investments and advice.
Aspen Wealth Management partners with the 401k providers to provide a multitude of investment options for our 401k sponsors and participants. Additionally we assist sponsors in developing an investment policy statement, periodically reviewing plan investment options and providing employee education on a regular basis.
Fiduciary liability is reduced by:
- Developing an investment policy statement
- Providing employee education
- Reviewing investment options on a regular basis
404(a) / 404(c) Compliance
404(a) / 404(c) Compliance is supported through:
- Investment policy statement design
- Transparent fee disclosure
- Periodic 404(a) and 404(c) elements review
- Matching 404(a)/404(c) knowledgeable service providers
Identifying compatible service providers
Aspen Wealth Management will identify appropriate service providers based on employer goals, budget and participant demographics. Our goal is to provide our clients with the best possible service provider at the most competitive price.
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