The dream of a happy and financially secure retirement is one that is universal. Today most employees rely on their employer’s retirement plan to realize that dream.
At TracyCo we take pride in making sure that you are giving your employees the best chance to retire the way they want to.
Employer sponsored retirement plans are complex. But our number one focus is always participant outcomes.
If your employees are able to meet the retirement goals that they set for themselves, then your retirement plan is successful.
We take care of the details for you so that you can focus on the big picture.
TracyCo specializes in the design, implementation, and ongoing administration of defined contribution retirement plans – 401(k) and 403(b).
These plans are utilized by our clients as the primary retirement benefit for their employees. DC plans allow employers to have a known and manageable cost of providing the retirement benefit.
They are also a very effective way for business owners to save for retirement and to manage federal income tax issues. They allow plan participants to control their own retirement savings..
TracyCo is a little different than many providers of retirement plan services. Our business model is to act as the financial advisor and the third party administrator for the plans that we service.
There are several advantages to this approach:
As plan sponsors, business owners have a fiduciary responsibility to act in the best interest of the plan and must document that they have.
At TracyCo, our expertise in 401(k) plans and our role as both advisor and TPA allow us to minimize fiduciary risk for you.
We document all plan design, plan operation, and investment related decisions.
We work directly with plan auditors to make sure that our plans are in compliance. We acknowledge our role as a plan fiduciary with respect to investment lineup decisions.
The role of a financial advisor for a 401(k) plan is to provide both the plan sponsor and the plan participants with support to make them successful in reaching their goals.
We support the plan sponsor with the following:
We support plan participants with the following:
As the third party administrator of your retirement plan, TracyCo is responsible for making sure that it runs smoothly.
Our administrators take a very hands-on approach to plan administration and will be involved throughout the plan year.
Our services include but are not limited to: