Government regulation of the retirement planning marketplace is not only complex, but also constantly changing. Fortunately, the trend has been to increase the benefits available to those who know the rules. What steps have you, as an employer, taken to keep up-to-date? Do you offer qualified plans that provide the most efficient employer contributions? Are you taking advantage of the full current government allowance to be contributed each year for a business owner or key employee into a profit-sharing/401(k), or pension plan?
There is something more important, however, than the amount of the employer’s annual contribution. Believe it or not, attractive investment performance has a far greater impact on retirement fund accumulation. Unfortunately, most employers do not devote enough attention to monitoring investment performance. Too few know what investment return has been achieved and how that return compares with other possibilities in the marketplace. Fewer still have sufficient information to measure whether the investment return compares favorably with the level of risk that has been undertaken.
Medical practices already have enough of an administrative burden without having to devote additional manpower to oversee fringe benefit programs. That’s why many Employers retain James D. Yurman to develop simple recommendations for complex problems.
Contact Jim Yurman:
8500 Station Street – Suite 300G
Mentor, OH 44060
Office Phone: (440) 358 – 0605
MYREPCHAT Text: (216) 232 – 3416
E-mail: jyurman@grandriverllc.com
Other contact information:
VALMARK SECURITIES, INC.
130 Springside Drive, Suite 300
Akron, OH 44333-2431
(800) 765 – 5201