Employer Retirement Plans

 

Employer-Sponsored Plans Offered Through 

Creekside Financial Group Inc. (CFG)

401(k)/Roth, 403(b)/Roth, SEP-IRA, SIMPLE IRA

 

Low Cost*:  As a fiduciary 3(38) advisor, our primary goal is to keep all employer-sponsored and employee-participant fees as low as possible. Heavy fees can have a significant impact not only on the employer’s bottom line, but also in the long-term accumulation of the employee’s account value.  One of the most hidden fees within these plans is the investment expense ratio.  Our CFG 401k Series Portfolio Models have expense ratios of only .06% to .07%.  Additionally, for 401(k) and 403(b) accounts, where recordkeeping, non-discrimination testing, document preparation, etc is required, CFG utilizes a third-party administrator (TPA) for these purposes.

 

Participant Investment Portfolios:  CFG has designed growth-oriented portfolio options for employee-participants across multiple risk tolerances.  Additional investment ETFs are also made available for participants who wish to have more control over their own portfolio.  CFG provides in-person (geography-dependent) or video conferencing for employees to understand their choices and to help them make informed decisions regarding their investments. CFG advisors act as a 3(38) fiduciary, and as required, always advise in the participant’s best interest based on their long-term investment goals.  CFG Portfolio Summary Reports available upon request with 10-year benchmarking data.

 

Easy Plan Setup & Payroll Processing:  We will work with your payroll processor to implement the initial setup, and also to process payroll contributions and deferrals.  The employer will have a dedicated coordinator who will be available throughout the lifetime service of the plan.

 

Form 5500 Processing:  CFGs TPA choice for 401(k) and 403(b) plans prepares Form 5500 as “signature-ready.”

 

Web Portal Access:  Both the employer-sponsor and the employee-participant will have on-demand, instant access to view and update their accounts. The participant portal includes multiple features that allow for investment allocation changes as well a financial calculator to monitor that their progress is on-track with their financial goals.

 

Fees*:

 

401k/403b:   

$500 Setup fee (Start Up), $1000 Setup fee (Conversion)

$1500/year (up to 30 employees) TPA fee

$30/year for each additional employee beyond 30

.40% total annual fee of asset balance

.06% - .07% average annual portfolio expense ratio

 

SEP-IRA/SIMPLE-IRA:     

$0 Set Up fee

$0 Administrative fee

1% annual advisory fee of participant asset balances

.06% - .07% average annual portfolio expense ratio

 

*Contact Creekside Financial Group Inc. (CFG) for fee disclosure documents. TPA plus CFG fees are aggregated in example illustration.

 

Learn more about 401k: https://www.irs.gov/retirement-plans/plan-sponsor/401k-plan-overview

 

Learn more about 403b:  https://www.irs.gov/retirement-plans/irc-403b-tax-sheltered-annuity-plans

 

Learn more about SEP:

https://www.irs.gov/retirement-plans/plan-sponsor/simplified-employee-pension-plan-sep

 

Learn more about SIMPLE:  https://www.irs.gov/retirement-plans/plan-sponsor/simple-ira-plan

 

Contact Creekside Financial Group Inc. to learn more or for a Fee Comparison with your current 401k vendor.

© 2019 Creekside Financial Group Inc., 167 Creekside Lane, Winchester, VA  22602

 

Investment Advisory Services offered through AlphaStar Capital Management, LLC a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. AlphaStar Capital Management, LLC and Creekside Financial Group Inc. are independent entities. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. Insurance products and services are offered through individually licensed and appointed agents in various jurisdictions. Creekside Financial Group Inc. does not offer legal or tax advice. CFG Retire Shield TM is a registered trademark and proprietary investment portfolio model.