Corporate Retirement

In any business the retirement plan is critical to both the owners and employees.  A well-designed plan should effectively meet the needs of both.

However, developing the plan can be as much art as science because effective plan design considers the business as whole, from products and services, to long-term strategies to employees and the business’s potential growth rate.

When the proper plan has been designed and implemented, it can provide a great feeling of security and strength to all involved.

This is why we focus on employee communication as a priority, which goes beyond the normal wrestling over funds, platforms and features.  Such features absolutely come into play, but it makes no sense to create a plan if the people you want to help don’t know how to use it- or don’t want to use it.

Among other efforts, we conduct group meetings and individual meetings to gather feedback from the employees so that management can gain a better understanding of their needs and modify the plan accordingly. 

Executive compensation
Quite often the limits of IRS qualified plans do not allow high income executives and owners to meet their retirement goals.  Understanding the regulations that provide non-qualified options to resolve this issue is where Wellspring can help the most. 

Using the right strategy, non-qualified plans not only help high income earners put more toward their retirement, but also creates a strong connection to the company, which helps retain valuable employees.