Discover The Benefits Of Working With An Independent Fiduciary In Dallas
When it comes to owning and operating your business, there are probably countless things that lie outside of your area of expertise. For instance, if you own a building and development company, a construction firm, or a transcription agency, devising, implementing and managing a strong benefits package for your employees is probably not your strong suit. Certain administrative and accounting tasks are best left in the hands of third-party professionals. To keep your organization compliant, up to date, and highly marketable to the top talent in your field, you should consider working with an independent fiduciary in Dallas. There are actually countless benefits that you can gain by doing so.
Whether you want to implement an amazing 401k plan for your employees, or need help in adhering to the ERISA 402(a) in Dallas, Fiduciary Wise can help you save money while reaching all of your goals. We understand these financial products through and through. Moreover, we’re capable of explaining different plan options and types in a way that makes sense to everyone. As such, we can assist you in making informed decisions about the future of your benefits packages and your business.
Due to ERISA or the Employee Retirement Income Security Act, one of the key concerns in this area is the ability to remain compliant. Our team is highly familiar with all aspects of this Act and its impact on both employers and employees alike. This is, in fact, one of the main reasons to choose to delegate this responsibility entirely.
We will take the lead in this role. There is no need for you or any other members of your team to spend valuable time learning what we already know. This is our area of expertise and thus, we can promise you impressive results all of the time. For most small and medium-sized businesses, working with an independent fiduciary is the most cost-effective and all-around efficient way to maintain compliance.
This is a great way to free up time among members of your accounting team. This is the most important, cost-related consideration for delegating the responsibilities of your plan. Manpower, time and resources can be freed up so that your trained talent can focus completely on core business operations.
The “prudent man” standards of the ERISA impose very stringent restrictions and complicated responsibilities for employee benefit plan fiduciaries. This is why it is essential to hire a seasoned professional who can manage your investment plans right. At Fiduciary Wise, we nurture plan sponsors with ongoing support and solutions, timely information, and individualized advice where applicable. In addition to achieving compliance, we also help our clients become more valuable and marketable as employers overall.