HFM 401(K) SOLUTIONS
YOUR RETIREMENT
PLAN PARTNER
building brighter financial futures
EXPERIENCE THE HFM DIFFERENCE
We take the time to do the job well. Time to sit down and talk through your goals. Time to understand your challenges and your situation. And we will put in the time, energy and resources needed to exceed your expectations.
You’ve built a robust business and workforce. We’ll help you handle everything you’ve built. We do things a little differently, as a firm focused on people. When you work with our team of retirement plan experts, you’ll gain more than a well-managed 401(k) plan; you’ll get a partner as committed to your people as you are.
Experience the HFM difference:
- We’ll help identify and defend against risks in your plan
- We’ll talk with your employees 1:1 to educate them and help maximize their plan benefits, and
- We’ll implement custom strategies and advocate on your behalf
- We’ll always pick up the phone, and you’ll talk to a person in our office (likely Tyler, Caitlin, or Joe)
Sound good? Let’s talk.
We are committed to providing top-tier employer services focused on meeting company goals.
We work with retirement plan decision makers to provide assistance with fiduciary guidance, investment monitoring, vendor relationships, retirement plan design, and employee engagement and financial wellness.
PROTECTING
PLAN SPONSORS
We are fiduciaries first. Meaning we do what is best for you and your plan every time.
As your dedicated 401(k) advisor and co-fiduciary, we help you implement a strong process for managing a compliant plan.
Plan Design Consulting
Develop Investment Policy Statement (IPS)
Documenting Plan Actions
Investment Report Cards
Regular Benchmarking
EMPLOYEE
EDUCATION
We provide financial education that helps your employees feel more confident about their finances.
Our goal is to empower your employees to save and better prepare for their future.
One-On-One Meetings
Interactive Web Courses
Tools & Calculators
Personalized Resources
Investment Risk & Portfolio Evaluations
Monthly Educational Emails
SOLIDIFY A STRONG INVESTMENT LINEUP
We help you build an investment strategy that fits your unique objectives. Our process helps guide investment decisions and strives to protect plan sponsors. We select a diverse, cost-effective and competitive list of investments and regularly review the lineup.
Open Architecture = Transparent Pricing
Provide Investment Advice & Education
Create Risk-Based Model Portfolios
Evaluate Target Date Funds
Investment Fiduciary Outsourcing as 3(38)
UNIFYING THE
SERVICE TEAM
Your plan relies on the support of multiple service providers to run smoothly. But if there is no leader, a service team is bound to fail, that’s where we come in. We are your go-to for all things retirement.
Single Point of Contact
Coordinate Communication
Organize Meetings & Reviews
Set Accountability Standards
YOUR BEST INTERESTS FIRST
With the growing number 401(k) lawsuits, increased litigation, ever-evolving rules and complexity of regulations, it is important to have a retirement plan specialist that can help you meet your fiduciary duties and place your best interests first.
As your retirement plan partner, we provide fiduciary training and can help you implement a prudent process for managing your responsibilities as a plan fiduciary. Our experts can accept fiduciary status as a 3(21) Investment Advisor and/or 3(38) Discretionary Investment Manager.
BUILDING STRONG COMPANY CULTURE
In a tight labor market, strengthening your benefits is a way to recruit & retain top talent.
Helping employees reduce financial stress can improve loyalty, increase productivity and help your bottom line.
ENGAGING EMPLOYEES
Our financial wellness tools and resources are designed to engage employees and put financial freedom within reach.
3 in 5 workers say they are more committed to their employer and more productive at work when they have a financial wellness program.* Which is why we have made our HFM Ignite™ financial wellness resources available to all employees, free of charge!
* Prudential. “Wellness Programs Earn Their Place in Human Capital Strategy.” Jun. 2019.
Meet Your Dedicated Retirement Team
When you work with us you get a dedicated retirement plan specialist, not an 800 number. We are your go-to for any and all plan questions. We quarterback your plan so that you don’t have to remember which service provider does what or get passed around between your recordkeeper, third party administrator (TPA) and payroll provider.
When you have a question, we want to talk.
MICHAEL PALLOZZI, AIF, CPFA
President, CFO
TYLER REEDMAN, CFP®
Financial Advisor
CAITLIN EGE
Retirement Plan
Relationship Manager
JOE GASPARI
Retirement Plan
Coordinator
The right 401(k) advisor can help your business tremendously by working with the business owner(s) to optimize the plan for the employers and the employees. This comes in many ways including educating employees to make wise financial decisions, assisting with the plan’s investment management, optimizing the plan’s tax situation during the year and at year-end. Operating a 401(k) plan involves many moving parts and the right advisor provides a single, familiar point of contact to get the employer or employees needed answers, without the dreaded “1-800 number” hold you may get from your recordkeeper or financial institution.
Our advisory fee is most commonly a percentage of 401(k) plan assets, which is tiered depending on the size of the plan. For new 401(k) plans, we charge a straightforward start-up fee to guide new plan sponsors through the process and educate their employees, but there are many potential tax credits available here. To discuss the potential 401(k) related tax credits available to you, set up a complementary call HERE.
There are many ways employers can incentivize employees to contribute to their employer-sponsored retirement plans. One of them is by offering an employer match. However, employer matches are not required in 401(k) plans.
