Retirement Plan Consulting

Services offered through Buckingham Capital Management, Inc.

Do you currently offer a Retirement Plan for your employees?

  •   •  Is your plan paying plan fees that are necessary and reasonable?

  •   •  Is your plan operating in the best interest of the plan participants?

  •   •  Is your plan fulfilling the desired investment objectives?

  •   •  Are you meeting your fiduciary responsibilities? Individuals who are not, could be held personally responsible.


We can assist you with meeting your fiduciary responsibilities by:

  •   •  Completing an evaluation/benchmarking of all plan fee components such as Recordkeeping
    and Administration fees, Investment Advisor fees, and Asset Management fees
  •   •  Reviewing the suitability of the current investment menu relative to the Investment Policy Statement (IPS)
  •   •  Reviewing the current participant education and enrollment standards

Are you considering starting a Retirement Plan for your employees?

  We can help:

  •   •  Establish a strategy designed to meet your business needs

  •   •  Work to maximize your personal tax deferred retirement savings plan
  •   •  Build a strategic plan that can help employee retention/satisfaction rates
  •   •  Provide education to your employees to maximize their participation in the plan

  Employer benefits of 401(k) plans:

  •   •  Tax credits and business deductions

  •   •  Increased deferral and employer contribution limits

  •   •  Roth 401k contributions are available

Comparison of 401k plan with SIMPLE IRA and SEP

  401k/Roth SIMPLE IRA SEP IRA
Who can contribute Employee, Employer optional Employee and Employer Employer only, must contribute for all eligible employees
Maximum employee contribution $18,000 $6,000(catch-up contribution for those over 50 years old) $12,500 $3,000 (catch-up contribution for those over 50 years old) Not available
Employer contributions From payroll with $54,000 cap (additional $6,000 catch-up if over 50 years old) Required match of 100% on first 3% of participating employee contributions, or 2% of all eligible employee salaries Up to 25% of W-2 payroll with a cap of $54,000
Vesting options for employer contributions Multiple year options or immediate Immediate Immediate
Access to assets before age 59 1/2 Penalty free loans or 10% penalty for early withdrawal 25% penalty if withdrawn within the first two years of participating, 10% penalty thereafter 10% penalty for early withdrawal

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