Some of the Most Common Financial Products & Services we Offer for Your Company – 401K, 403B, Pensions
This is a pre-tax retirement income program that we can offer through the Hartford. This is an ideal plan for much small business because the administrative fees for setting up the plan are minimal (250.00 dollars). The mutual fund selection is really incredible with over 250 options available, virtually unheard of for a small employer type of 401K.
This is really a 401 k plan designed for non-profit organizations receiving special tax considerations from the federal government. Teachers associations, municipalities, & companies like the Red Cross offer 403 b type programs. We at Greenway can offer them through companies like the Hartford with as many as 250 different mutual funds to choose from.
We have the ability to set-up an employer group with a traditional pension type program. Woodbury has a team of specialists who work with you to help facilitate this to make sure all compliance issues are dealt with at both the state and federal levels.
Servicing Your Employees – The Employee Advantage Program
One thing that makes us unique is the level of service we offer to your Employees. We call it our “Employee Advantage Program”. Once agreed upon we like to meet with them at least once a year or more if you welcome us to do so. We can do this through our Lunch and Learn Program, After Hours Meetings for Spousal Participation or Electronic Newsletters.
This is an essential, yet all too often over looked step in the Financial Services Process, because rebalancing an employee’s portfolio is extremely important as situations and life events change so do risk tolerances. The Steps of the Employee Advantage Program Include:
Due Diligence & Suitability for Employees:
When setting employees up on a company sponsored 401k plan; everyone participating goes through a risk tolerance questionnaire so we can set their portfolio up with the proper asset allocation and suitability.
Proper Diversification and Risk Tolerance for Employees:
Being properly diversified while in a changing economic environment is vitally important to the performance of your portfolio. We make it a point to sit down and visit with employees at least on semi-annual basis to make sure their plans are properly being managed. We also try to maximize their returns by giving sound investing advice for current market conditions.