With your interest in mind, our knowledgeable team helps you custom design a Company Retirement Plan using creative solutions. That success is measured by whatever you set as your business and personal goals! Our six-step PathWise™ process is one of the ‘best in class’ systems that guides you through a Retirement Plan tailored to achieve your desired outcomes.
The Goal Map Meeting
This introductory meeting sets the stage for what you wish to accomplish. Your goals will be the foundation for all we recommend throughout the process.
If you decide that B&E will be a good fit for you, we would both sign the Planning Agreement.
Financial Checkpoints Meeting
We sometimes refer to the Checkpoints meeting as the “As-Is” because this shows us what your setting would look like if you do nothing different than what you are currently doing.
We would gather various, pertinent information.
We analyze all of this and present you with our observations in a written report detailing our findings for about 10 key areas of your Company Financial Plan. During the meeting, we ask a lot of questions to be sure we’ve captured all data accurately and have made reasonable future assumptions.
The Navigator meeting is where B&E will provide written recommendations for any changes that we feel might enhance your setting and better position you to achieve your goals. We also provide you with new financial calculations so you can easily see the impact of these recommendations.
As a standard part of our process, each recommendation will disclose our full fees and commissions. Our goal is to never have a client surprised by how we are paid, or by how much we get paid.
At the close of this meeting, you will be given a checklist with details of the strategies recommended to you. You will review and return to B&E when complete, selecting “yes” to those items that you wish to implement and “no” to any that you do not.
In the Implementation stage, we will prepare the necessary paperwork for any strategies you have selected from the Navigator checklist.
Implementation will include ensuring updated Plan Documents are complete and each eligible employee is enrolled in the new program with individual guidance on savings rates and investment selection. Working with your accountant and payroll team ensures a smooth transition to a new platform.
The View Letter
After all items on the checklist are complete, we will provide a written summary letter of new plan provisions and future administration of the new Plan.
We will also provide you with final projections based only on the recommendations that were implemented. These projections serve as our baseline and benchmark for future meetings.
At this time, you will be given online access to your personal financial plan via our dynamic software. You can access at any time you desire.
The ReView Meeting
The full Plan ReView will occur with Trustees as well as regular education and enrollment meetings with eligible employees.