Retirement Plan Services

For many businesses, it's difficult to start and maintain a retirement plan. Once the plan is created, it's tough to keep up with the changing laws and regulations. Unfortunately, not knowing everything does not eliminate the company's responsibilities to employees in the plan.

Retirement plan sponsors (employers) and plan advisors come to Resonant Financial Management for assistance in evaluating and managing competitive and comprehensive plans. They seek an innovative, end-to-end process that optimizes plan goals and participant outcomes at every stage.

The 401(k) Exchange

According to a survey by GOBankingRates, 42% of Americans have less than 10K saved for retirement. Many business owners are concerned for themselves and their employees.

In conjunction with Transamerica and TAG Resources, Resonant Financial Management has built a 401(k) Exchange (group plan), which may benefit organizations like local Chambers of Commerce, trade associations, tech groups, and individual companies through discounts/service offerings and support business groups through non-dues revenue, if their bylaws allow.

Most small- and medium-sized businesses leverage the Exchange to gain professional assistance with the administrative, fiduciary, legal, and ethical responsibilities of a 401(k) plan. Additionally, many sponsors (employers) gain insight and support regarding their obligation as the trustee for their plan.

The group 401(k) Exchange was specifically designed these professional businesses; it greatly reduces sponsors’ administrative burdens, freeing plan participants to perform their profitable core work.

Additionally, in today’s tight labor market, attracting and retaining quality employees can be challenging. Having a quality retirement plan in place can significantly boost the attractiveness of any offer.

Standout features of the Exchange:

3(16) administrative fiduciary support, including retirement plan payroll support.
3(38) fiduciary investment management support and training for members.
Ongoing financial advisory services for the sponsors and their participants.
Individually tailored plan documents detailing every sponsor’s goals, which offer flexibility and choice within the exchange program.

About us: Resonant Financial Management is a financial services firm that focuses on retirement plans and financial management.

Transamerica is the leader of 401(k) group plan solutions in the US with over $250B in plan assets, 85+ years of retirement market experience, 4.4 million participants, and support of more than 28,000 plan sponsors. They also offer investment management, life insurance and other investment-related products and services.

If you're ready to discuss how the 401(k) Exchange may serve your needs, contact us today.

Clients also come to us for a range of Retirement Plan Services including: