Retirement Plan Design and Management

“Over the course of 30 years in the corporate retirement plan arena, we've had an opportunity to not only observe the sweeping changes the industry has undergone, but to play a leadership role in helping clients adapt to and seize opportunities in an ever-changing investment and legislative climate.”
Bill Hastie, Founder‚ Hastie Financial Group

There are numerous options for retirement savings plans if you own a business or are self-employed. As independent advisors, we are both vendor and investment neutral, helping to ensure transparency across all aspects of your plan. 

Reducing Your Fiduciary Risk 

Increasingly we are seeing lawsuits make the news that allege 401(k) plan sponsors haven’t met their fiduciary obligations to select, monitor and replace plan investments. Through Commonwealth Financial Network's Retirement Plan Consulting Program, we act as an ERISA 3(38) Investment Manager, taking on all fiduciary responsibility for plan investments. 

Customized Plan Development

From our initial meeting, we partner with you every step of the way to develop and maintain a customized plan to strategically meet the objectives of your company and the needs of plan participants.

Retirement Plan Consulting

Our knowledge covers all aspects of plan operations, including changing service providers, managing plan conversions, updating and monitoring investments, vendor benchmarking, fee analysis, monitoring the plan's overall health and developing employee communications.

Participant Education

In addition to assisting with participant enrollment, we provide qualified, objective insights on investment allocations. We will also develop an effective employee education program—including group and one-on-one meetings—based on the unique needs and objectives of your participants.