“Integrity is the compass that navigates our company toward success”

Retirement plans such as 401(k)'s are critical components of most people’s retirement income. A well-designed 401(k) plan will attract quality people to your organization and help to retain your existing workforce. However, a 401(k) plan carries significant fiduciary responsibility.

The advantages of working with Ipswich Bay Advisors

An effectively designed retirement plan requires more than knowledge and expertise. At Ipswich Bay Advisors, we add independence and objectivity to our expertise. Our plan design recommendations are not compromised by any proprietary fund or vendor relationships. In addition, we provide our clients with complete cost transparency and fund fee disclosure.

In addition to developing the plan, we will minimize your administrative load and assist with your fiduciary responsibilities by:

• Supporting Fiduciary responsibilities by conducting regular trustee meetings
• Designing a customized "Investment policy statement"
• Conducting enrollment meetings
• Providing employee education & guidance
• Conducting periodic investment reviews

Some of the customized retirement savings plans & services we offer include:

• 401K, including traditional, ROTH and Safe Harbor programs
• Profit sharing
• SINGLE-Ks, SIMPLE, SEP and individual IRAs for the small business owner
• Personalized asset allocations & employee enrollment meetings both 1:1 and group

Consider these five reasons why it may be advisable to review your plan with us:

1. Fiduciary Liability: Most plan sponsors don't understand the level of Fiduciary responsibility they have to their plan participants. As a result they overlook requirements such as investment monitoring. For example: Do you conduct regular trustee meetings or investment performance reviews? Do you have an "Investment Policy Statement"? If their answer is "No" you may be liable for your participant's losses!

2. Maximizing Benefits to the Business Owner: Not all plans are created equal. Many employers are frustrated by their limitations to contribute to their 401(k) plan. With the passage of EGTRRA as well as the recent increases in contribution maximums, employers may now consider new plan designs to enable them to accomplish their personal tax and retirement planning goals.

3. Investment Expenses: As retirement plans grow in size, it is common to find plans with excess investment management fees due to a lack of updating. Many retirement plan vendors do not offer products that are competitively priced for plans that grow to have substantial assets. The retirement plan landscape has changed and newer more cost effective products are now available for small to mid-size employers.

4. Communication: Employee communication of the plan and the investment options is both an ERISA requirement and an element of fiduciary responsibility. Also important is the value to the employer to have a professional who regularly communicates the plan to the employees as this increases appreciation for the plan benefits.

5. IRS Regulations: The IRS changes retirement plan design requirements and plan options on a regular basis. In the past five years alone there have been three completely new plans created, one plan eliminated and a multitude of variations to traditional 401(k) and profit sharing plans that have actually made them more attractive to business owners. You may have plan specifications that are no longer in compliance or have not been updated to include the many new features that are available under the current law

Securities Offered Through Investors Capital Corporation, Member NASD / SIPC 800-949-1422 Investment Advisory Services offered through Investors Capital Advisory 800-462-4610, 230 Broadway, Lynnfield, MA 01940

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