401k Sponsors / Business Owners

Creating Successful Retirement

How do you put your employees on track for a successful retirement? By creating The Hero’s Ideal 401(k) and transforming your current retirement plan into a Paycheck Manufacturing Plant. The Hero’s Ideal 401(k) provides a win-win-win solution for your company, your management team, and your employees.

Our team can show you – the employer and sponsors of the 401(k) retirement plan – how to educate, activate and influence your employees to save enough money to achieve a successful retirement experience.

The Five Step Process

Leading Employee Success
Every employee is trained on transforming their 401(k) into a “Paycheck for Life”, and receives an individualized annual report showing their current ability to retire successfully.
Optimizing Plan Design
Significant enhancements can be made to the plan to improve the retirement outcome for owners and employees without increasing administration costs.
Forging a Fiduciary Shield
We establish a proven compliance system and sign as co-fiduciaries with you in all our plans.
Best-in-class investments
Our quarterly investment benchmarking, research, and open architecture create the opportunity for achieving best-in-class performance, volatility and cost.
Controlling Fees and Expenses
We regularly benchmark the plan to satisfy your fiduciary obligation to ensure fees and expenses are reasonable.

Help your employees make confident financial decisions today and watch their gratitude and enthusiasm for their workplace and their personal performance grow.

Leaders in Institutional Retirement Services

PW is the leading retirement advisory firm in the Inland Northwest managing over $650 million locally. In 2015, we were ranked as the #1 Advisory group in the Inland Northwest by the Financial Times (March 25, 2015 “Top 400 Financial Advisors in the Nation”) and the #1 Financial Advisory group in Idaho by Barron’s Magazine (February 21, 2015 cover story).

Efficiency

One of our goals at Pinkerton Wealth is to make the administrative tasks of running your retirement plan the most efficient when it comes to plan conversion and ongoing maintenance. We realize how valuable your time is as a professional and want to streamline your current administrative processes to free up more of your time for more productive and profitable activities. This is why Pinkerton Wealth feels having a sound administrative consulting process in place is key to making your transition over to Pinkerton Wealth as smooth as possible.

Pinkerton Wealth will be charged with bundling a retirement plan package. Specialist parties include investment advisor and consultant (Pinkerton Wealth), mutual funds (various fund families), custodian (a variety of well-established providers), and record keepers/administrators (working with local and national resources). Pinkerton Wealth is structured to act as quarterback and gatekeeper and responsible for all interaction to provide a bundled solution.

Pinkerton Wealth will review your current plan documents and advise your management team of plan design issues and new legislation that may be beneficial to the operational and growth success of the plan.

Plan Management

Pinkerton Wealth is charged with coordinating an “unbundled” retirement plan package for you. Specialist parties include: investment advisor and consultant (Pinkerton Wealth), mutual funds (various fund families), custodian (a variety of well-established providers), and record keepers/administrators (working with local and national resources).

Plan Coordination Tools

It is Pinkerton Wealth’s ultimate responsibility to assure all specialist providers complete their responsibilities in an appropriate and timely manner. By delegating the plan management and investment process to Pinkerton Wealth, trustees assure strict adherence to the written investment policy statement.

Frequently Asked Questions

How do I know what type of plan is right for my company?

It’s best to sit down with a retirement plan specialist to discuss your objectives, both as an employer and an employee, to determine what plan design best fits your needs. To set up an initial consultation with a Pinkerton Wealth representative, please call

(800) 634-2008
and ask for a Pinkerton Wealth Management 401k Plan Specialist.

What is a participant directed account?

The employee decides how to invest their account balance. It is the employer’s responsibility to offer a variety of prudent investment options so that the employee can make investments according to his or her long term goals and risk.

Who is a plan fiduciary?

A plan fiduciary is a person (or company) that has legal responsibility for managing and/or supervising the processes and money associated with a retirement plan.

What is compliance testing?

The IRS mandates tests that compare contribution levels and actual amounts made by different classifications of plan participants. The four most common tests that must be passed by 401(k) plans are the Actual Deferral Percentage (ADP), Actual Contribution Percentage (ACP), Minimum Coverage Test, and Top-Heavy Test.

What types of contributions are allowed within a plan?

Retirement plans can provide for 4 types of contributions: employee contributions (salary deferrals or 401(k) contributions); employer matching contributions based on employee contributions; employer profit sharing contributions; and rollover contributions. The plan design will define the type of contributions available within a specific plan.

What is the difference between traditional and daily recordkeeping?

Traditional recordkeeping, also known as Balance Forward, typically uses accrual accounting to report plan activity after the period (annual, semi-annual, quarterly, or monthly) has ended. Depending on contribution timing, account values may be reported several months following the end of the period. Daily recordkeeping typically uses cash accounting, reporting plan activity as it occurs, making current account values available to plan participants on a daily basis.

Why should my company offer a 401(k) plan?

A 401(k) plan can help you attract and retain quality employees allowing them to save for retirement. It also provides tax benefits to reduce your current taxable income. Not to mention that it helps you secure your own retirement.

What is a 401(k) Plan?

You may be surprised to learn that a 401(k) plan is not a plan at all. It is an add-on feature of a profit sharing plan, allowing a participant to make contributions through payroll deduction. The creation of this feature is found in section 401(k) of the IRS code, hence the name given to this provision.

What is a qualified plan?

A qualified plan is a private retirement plan that meets the rules and regulations of the Internal Revenue Service. Contributions to such a plan are generally tax-deductible.

401k Sponsors / Business Owners

Creating Successful Retirement

The Five Step Process

Leading Employee Success

Optimizing Plan Design

Forging a Fiduciary Shield

Best-in-class investments

Controlling Fees and Expenses

CEFEX Certified

Leaders in Institutional Retirement Services

Efficiency

Plan Management

Plan Coordination Tools

Frequently Asked Questions

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