Fraser Financial Partners has shown their prowess in providing a wide range of financial planning and wealth creation solutions to clients. One of the products that have helped increase the company popularity and acceptance in recent times is their 401(k) plan design and handling plan amendments service. The service is designed in line with the company goal of helping individuals and businesses to set up retirement plans that grow wealth and ensure every client gets the best possible returns on investments.
One of the biggest fears of workers is life after retirement, as many dread that the regular salary income earned as an active member of the labor market would come to an end. Consequently, products such as the 401(k) plan have been set up to help retirees and ensure that relatively young and active workers do not return to poverty upon retirement. The 401(k) plan is a company-sponsored retirement account that allows employees and employers to contribute to ensuring a happy life at retirement.
The defined-contribution retirement account can be a bit complex due to its relatively complicated rules and the dynamism of the plan. The Retirement Savings Plan of the City of Baltimore is not notably different, operating the RSP 401(a) Hybrid and Non-Hybrid retirement plans.
The mandatory RSP 401(a) comes with amazing benefits to contributors, with features designed to meet potential retirees’ diverse needs. However, financial advisors’ expertise is often needed to ease the process of designing a plan that will fit the unique lifestyle and retirement aspirations of employees. Unfortunately, there are not too many 401(k) retirement plan advisors providing solutions to achieve the enrollees’ desired results.
Fraser Financial Partners has been able to stand out over the years by helping employers to develop and maintain a plan that meets their needs and the needs of participants. In addition to helping employers in the capacity of a coordinator, the firm also uses their expertise in the investment area to help business owners and human resources personnel develop high yielding investment strategies. This financial planner team also provides education to help participants improve the chances of a successful retirement while reducing fiduciary risk to the employer.
For more information about the 404(k) plan and other retirement planning services offered by Fraser Financial Partners, please visit – https://fraserfinancialpartners.com/retirement-planning/.
About Fraser Financial Partners
Fraser Financial Partners is a leading provider of innovative financial solutions in Maryland, offering products to help clients achieve financial stability. Headquartered in Baltimore, the company provides a wide range of financial planning, retirement planning, wealth management, and insurance services to individuals and families across the greater Baltimore area.
Company Name: Fraser Financial Partners
Contact Person: Mr. Joseph R. Topolski
Email: Send Email
Address:1909 Thames Street, Suite 201
State: MD 21231
Country: United States