Retirement Plans
The financial advisors of Bryson Wealth Management are affiliated with LPL Financial, an independent consulting firm.
As advisors with LPL Financial, we have assembled a team of highly trained professionals to help plan fiduciaries and company sponsors address their obligations in the areas of fiduciary review, investment policy statement, investment selection, ongoing investment monitoring/review, and employee education. Our promise is to create an exceptional retirement plan experience for employers and their employees. We deliver high quality programs by providing services designed to save time, reduce exposure to fiduciary liability, and address both Internal Revenue Service and Department of Labor compliance requirements. Fiduciary services are available in advisory relationships.
We invite you to check the background of Bryson Wealth Management investment professionals on FINRA’s BrokerCheck
Your plan review and evaluation is followed by a customized action plan providing step-by-step guidance to ensure completion of any open tasks.
As advisors with LPL Financial, we have assembled a team of highly trained professionals to help plan fiduciaries and company sponsors address their obligations in the areas of fiduciary review, investment policy statement, investment selection, ongoing investment monitoring/review, and employee education.
What We Provide
Investment Due Diligence
Market volatility makes it critical for retirement plan sponsors and fiduciaries to develop and maintain investment due diligence procedures and supporting documentation. We assist you in preparing an investment policy statement, which acts as a guide to evaluate your current investment offerings, measure them against applicable indices, and view your existing provider’s complete menu, along with the broader universe of investment options. The result is confidence that your plan’s investments are diversified, well managed, and meet the stated objectives of your investment policy statement.
Bryson Wealth Management provides this comprehensive analysis by utilizing multiple tools, including Zephyr’s Style Advisor, one of the most robust investment analytical tools available.
Each investment is evaluated by more than a dozen different and objective analytical measurements, including:
- Upside & Downside Capture
- Style: Correlation & Style Drift
- Performance: Excess Return & Tracking Error
- Risk-Return: Standard Deviation, R-squared, Alpha, Beta & Sharpe Ratio
A Network of Experience
- LPL Financial is the largest independent broker/dealer in the country*
- LPL Financial supports their advisors and provides them with high-quality tools and services, and heightened best practices to deliver to plan sponsor
- Efficiencies created by our LPL partnership help save time, reduce exposure to fiduciary liability, and address ERISA, IRS, and Department of Labor compliance requirements
*As reported by Financial Planning magazine, June 1996-2019, based on total revenue.
Plan Design Assistance and Compliance Support
Congress has constantly burdened plan sponsors with an overwhelming volume of legislation, making continual review of retirement plans essential. Therefore, it is critical that the legal, compliance, and design aspects of a plan are current. We help you develop an organized, systematic, and periodic review process where every relevant feature is examined to provide an optimal plan. We review the design and operational features of your company’s plan from an objective perspective focusing on:
- Increasing participation
- Decreasing costs
- Alleviating the burden on benefit personnel
- Reducing trustee and fiduciary liability
- Providing innovative strategies designed to best meet your company’s needs
Employee Communication and Education
We will work with you to create a customized communication and education strategy designed to benefit you and your participants in the following ways:
- Increase participant satisfaction by informing participants of the valuable benefit you provide as well as educating, guiding, and motivating them to take full advantage of these plan benefits
- Address your fiduciary responsibilities by providing educational tools and resources to help your participants make informed decisions
- Develop a customized communication and education program tailored to the unique needs and knowledge level of each participant by using a variety of communication mediums including:
– Group onsite meetings
– Individual onsite meetings
– Webinars
– Print campaigns (posters, payroll stuffers, flyers, brochures)
– Internet-based campaigns (HTML emails, online tools) - Multilingual capabilities for all of the above
- Increase participant engagement by developing a schedule of ongoing participant education meetings
- Increase participant retirement readiness
Non-qualified Compensation
Supplemental Executive Retirement Plans
One of the most effective ways an employer can help executives to reach their target retirement goals is through nonqualified supplement executive retirement plans (SERPs). A SERP, also referred to as a Top Hat plan, is a deferred compensation agreement between a company and a key executive in which the company agrees to provide supplemental retirement income to the executive and their family if the agreed upon eligibility and vesting conditions are met. These are designed to restore benefits lost to regulatory restrictions on compensation used to calculate qualified pension benefits.
Formulas
There are many types of supplemental executive retirement plans, such as offset plans or excess benefit plans, and they may be tied to the employer’s qualified retirement plan. In calculating benefit formulas, employers may select a defined benefit or defined contribution. Defined benefit provides a stated monthly and annual amount at retirement, whereas defined contribution specifies a calculation based on lost benefits.
There are many plan versions and unlimited benefit and contribution formulas that may be used in plan design. Many companies base benefit formulas on a percentage of executive’s final five-year average compensation. What’s more, careful consideration of withholding rules, tax implications, and golden parachute payments is essential.
The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.
Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Bryson Wealth Management, a registered investment advisor and separate entity from LPL Financial.