Log in
Sign Up

Craft the Best 401 (k) Plan for Your Business

Companies grow, markets evolve, and needs ultimately shift. Ensure your business’s 401 (k) offerings meet the goals of your people.
Connect With Us
Benchmarking

Have an Existing 401(k) Plan?

Our benchmarking process helps business owners and leadership teams identify ways to optimize their current 401 (k) offerings. By analyzing factors such as plan design, investment options, and more, our financial advisors can help you find ways to improve your offerings and save money.

Current Plan Structure and Design

Before identifying potential optimizations, we familiarize ourselves with your business’s existing 401 (k) plan. We start by considering how we could save the plan money.

Fees and Other Associated Costs

Our team finds creative ways to lower the total costs of administrative fees and investments over time by comparing your 401 (k) plan to similar options on the market.

Underlying Company Trends

At the end of the day, benchmarking is all about optimizing your 401 (k) to best suit your employees. Our team will analyze factors such as demographics and growth.

401 (k) Objectives

Do you see your business growing in the coming years? What do you want your 401 (k) plan to accomplish for your employees? These are just a couple of the questions we ask.
Starting From scratch

Need to Design a New 401 (k) Plan?

Create an effective 401 (k) plan that can evolve as your employee base grows. We’ll help you provide a company 401 (k) offering that is simple, flexible, and cost-efficient. We consider several factors when designing your plan:

Growth Trends

How fast has your company grown? How many new employees have joined? This plays a major role in establishing the best route for your 401 (k).

Demographics

Who do you employ? What are their goals? Is your workforce older or younger? The answers will help us find ways to maximize your new 401 (k) plan.

Motivations

Why do you want to offer a retirement plan to your employees? What are your ultimate goals as a business owner? How can we help?

Cost Control

Finally, our team will work to understand how to get the best value for your money, identifying ways in which you can cut costs over time.
Participant Education
Plan Guidance
Provider
Coordination
Benchmarking
Our Services

Our Core Retirement Plan Services

From engagement to guidance, here is how we help clients set up and optimize their 401 (k) plans.

Participant Education

Often, employees don’t take advantage of their retirement benefits because they do not understand the features or how they might benefit them.

Plan Guidance

Don’t know where to start? Our team of experienced advisors will help you through each step to craft a cost-effective and adaptable 401 (k) plan.

Provider Coordination

Our team works closely with retirement savings providers to ensure consistent communication between your leadership team and theirs.

Benchmarking

Looking for ways to optimize your existing 401 (k) plan? We consider factors such as demographics and company trends to find ways to improve your plan.
Why BIP

The Benefits of Partnering With BIP Wealth

At BIP, we’re engineered to perform for your business. Through financial science and industry experience, we’ll ensure your business is supported at every step of the 401 (k) journey.
Fiduciary Responsibility
Transparency
Hands-On Approach
Connect With Us

Our team

Jacob May, CFP®

VP of Business Development

James Poole, CFP®

Personal Wealth Advisor

Kyle Schmidt, CFP®

Personal Wealth Advisor

Frequently Asked Questions

If you do not see your question answered below, do not hesitate to reach out to our team!

How do I choose the right 401 (k) plan for my business?

Our BIP Wealth team will partner with you to identify ways to maximize savings, minimize expenses, and retain your top employees. We work to ensure your participants have access to great planning and advice.

Why is fiduciary responsibility so important?

The fiduciary responsibility of a financial partner, such as BIP Wealth, is crucial to minimizing the risk of a business owner. At BIP Wealth, we understand the complexities of investing and work to take financial responsibility off of an employer's shoulders.

What does an ongoing relationship with BIP Wealth look like?

At BIP, we’ll ensure your business is supported at every step of the 401 (k) journey. Our team works closely with retirement savings providers to ensure consistent communication.

Start A 401 (K) Conversation With Us

Ready to craft a plan for your business? Have any questions for our team? Fill out the form below to get in touch.
crossmenu