Retirement Management Services
Houghton Financial Partners works with companies to develop retirement solutions, including plan design and plan management.
We offer a range of qualified plans to support your employees’ retirement needs, including Pension, Profit Sharing, 401(k), 403(b), Simplified Employee Pension (SEP), ESOP, and Simple IRA.
Through our retirement management services, we work to understand the specific goals and challenges of your company and its employees, then build a plan to serve the needs of the company. Plan management includes ongoing maintenance of the plan, as a retirement benefits consultant, we strive to remove most of the burden of administration from business owners, HR directors, and other members of your team, so they can focus on growing and running your business.
Additional services we provide for employee retirement plans include annual enrollment meetings, education, and annual investment analysis for 401(k) plans. Our annual analysis typically consists of a review of fund performance, risk, expenses, fees, and market analysis.
Better Plan Design Through Benchmarking
As part of our plan design process, Houghton can provide benchmarking services to review your existing plan, and aid in comparison as you evaluate other options on the market. Some of the benefits of benchmark studies include lower fees, and enhanced investment lineup, and enhanced services. Visit Benchmarking Services to learn more about this part of our custom plan design process.
With decades of experience doing this work, we understand the role of communication and education in gaining employee buy-in.
We host annual enrollment meetings to make it easy for employees to access this benefit. We also provide a wide array of resources designed to engage employees and deliver essential plan information.
Our communication and engagement services include in-person education (group and one-on-one workshops), virtual education (videos, financial education games), retirement help resources (phone helpline, licensed advisors), and financial wellness programs.
Houghton’s goal is to help companies achieve targeted potential outcomes, including plan asset growth, enhanced replacement rations, increased participation rate, higher account balances, enhanced employer ROI, and access to enhanced provider services.