Retirement Services Benefits Broker Consulting Services

Retirement plan consulting is a specialized service designed to help businesses navigate the complex landscape of employee retirement benefits. It goes beyond simply selecting a plan; it's a thorough approach that ensures your retirement plan aligns with your company's goals, complies with regulations, and empowers your employees to secure their financial futures.

Our consulting services include everything your business needs to secure and manage retirement plans. Our services focus on:

Plan design optimization
Regulatory compliance
Fiduciary oversight
Employee education and engagement

We also offer ongoing management and support for whatever plan or program you choose. We are your partners and will provide support whenever needed.

Retirement plan consultants are your strategic partners in crafting a successful retirement plan. We delve deep into your company's unique circumstances, assessing employee demographics, financial goals, and risk tolerance. With this understanding, we design a customized plan that aligns with your budget and objectives. Still, our role doesn't stop there.

We guide you through the intricacies of fiduciary responsibilities, ensuring compliance with ever-changing regulations. We monitor investments, analyze performance, and provide ongoing education to empower your employees to make informed decisions. Our ultimate goal? To create a retirement plan that fosters employee satisfaction, financial security, and a lasting legacy for your business.

HUB International's retirement consulting services cover a wide range of plan options to meet the diverse needs of your workforce. We help you navigate the intricacies of each plan type, ensuring you select the best fit for your company's goals and employee demographics. The Plans we consult on include:

401(k) Plans: These are the most popular employer-sponsored plans, allowing employees to contribute pre-tax or Roth (after-tax) dollars. Employers often match contributions, providing an additional incentive for employees to save.
Pension Plans: Also known as defined benefit plans, these plans guarantee a specific monthly benefit at retirement based on years of service and salary history.
SEP IRAs and SIMPLE IRAs: These are simplified retirement plans for small businesses. SEP IRAs are for small business owners, while SIMPLE IRAs are for businesses with less than 100 employees.
Profit-Sharing Plans: These plans allow employers to make discretionary contributions to employees' retirement accounts based on company profits.
Cash Balance Plans: A hybrid plan with features of both defined benefit and defined contribution plans, these plans provide a set annual contribution that grows with interest credits.
403(b) Plans: Similar to 401(k) plans, these are offered by tax-exempt organizations like schools and non-profits.
457(b) Plans: These are deferred compensation plans for employees of state and local governments and certain non-profits.
401(a) Plans: These plans are less common and typically offered to employees of government agencies or educational institutions.
FICA Alternative Plans (3121): This option replaces Social Security taxes with an employer-sponsored retirement plan.

At HUB International, we understand the nuances of each plan type. Our goal is to empower you to make informed decisions and create a retirement plan that fosters a secure future for your employees.

Partnering with a retirement plan consultant offers numerous advantages. We alleviate the burden of complex plan administration and ensure compliance with ever-changing regulations. We optimize plan design to attract and retain talent, enhance employee satisfaction, and ultimately strengthen your company's financial well-being.

Retirement plan consulting begins with a comprehensive assessment of your business needs, goals, and employee demographics. Based on these insights, we tailor a retirement plan that perfectly aligns with your unique situation. We then guide you through seamless implementation and provide ongoing support, including administrative tasks, compliance monitoring, and regular reviews, to ensure your plan remains effective and optimized.

HUB International offers a comprehensive suite of retirement and benefits solutions, catering to the diverse needs of businesses and their employees. Our expertise includes:

Defined Benefit Pension Plan Consulting & Actuarial Services
Defined Benefit Pension Administration Services
Defined Contribution Plan Consulting
Defined Contribution Plan Design & Recordkeeping
Investment Advisory Services
Regulatory & Compliance
Employee Communications
Specialty Market Services
Retirement Plan Third-Party Administration
Executive Benefits Consulting

At HUB International, we understand that each business has unique retirement and benefits needs. Our holistic approach ensures your plan is tailored to your specific situation, empowering your workforce and strengthening your company's financial future.

HUB International offers expert consulting for both defined benefit and defined contribution plans. There are significant differences with each type of plan that you need to be aware of.

Defined benefit pension plans offer a pre-determined monthly benefit at retirement based on factors like salary and years of service. The employer bears the investment risk, offering employees a predictable income stream.

Defined contribution plans, like 401(k)s, allow contributions from both employer and employee to be invested. The final benefit depends on investment performance, giving employees more control but also the investment risk.

Retirement Services

Let's prepare today's employees for tomorrow

Retirement Plan Consulting FAQs

Retirement Services

Let's prepare today's employees for tomorrow

By your side — in business and in life.

Retirement Plan Consulting FAQs