Norwood Economics
Building A Better Retirment

Plan Advisor

A Partner In Your Retirement  

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401(k) Plan Services

From establishing a new 401(k) to providing an independent, third-party review of an existing plan, Norwood Economics provides large and small business owners with the support, advice, and education they need to ensure top plan performance.


A retirement plan that's right for your business


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Not knowing is expensive

We frequently save small business 401(k) plans 40% to 50% in expenses on an all-in basis (TPA, Record Keeper, Custodian, Plan Advisor, Investment Expenses). Those dollars stay in the plan earning a compound rate of return and helping participants (including the business owner) save substantially more for retirement.


Review an existing 401(K)

free, independent, third-party review

The Department of Labor strongly encourages 401(k) plan sponsors to conduct a independent, third-party review of their plan at least every three years. This should be done by someone not currently affiliated with the plan in any way and is not the same as your Plan Advisor's annual participant review.

The DOL wants business owners to be good fiduciaries, putting 401(k) plan participants’ best interests first. They want plan sponsors to see: whether their plan’s expenses are reasonable, whether the plan design is appropriate, and whether there are compliance issues that need to be addressed.

Plan designs are too often sub-optimal, failing to take advantage of all of the tax breaks allowed by ERISA (The Employee Retirement Income Security Act of 1974).

why we're different

  • We conduct an independent, third-party review of your plan for free, with no obligation

  • We provide plan owners with the maximum tax breaks allowed by ERISA

  • We customize 401(k) plans to your workforce to best achieve your goals as a business owner


401(k) Plan Setup

a good 401(k) can help you to:

  • Attract talented people in today's challenging job market

  • Retain valuable employees who want retirement options in their benefits package

  • Enjoy tax advantages available to you as the employer offering the plan

  • Check out the 2018 How America Saves Report to learn more about what employers and participants are doing with their plans!

 

Support and guidance

We offer extensive communication and education programs to help drive retirement readiness. 

  • Semi-Annual 401(k) presentations

  • Employee one-on-ones

  • Video conferencing sessions with participants and employers

  • Educational emails to plan participants

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Custom retirement plans that fit your needs

Let us help you achieve your goals as a business owner.


Know Your 2019 401(k) Deferral Limits