As a responsible plan sponsor, it is crucial to ensure that you are fulfilling your fiduciary duty and maintaining proper plan governance. In this newsletter, we will discuss organizing fiduciary files and benchmarking your retirement plan to help you enhance your fiduciary plan governance. Plus, we explore how profit sharing can help reduce your company's tax liability and express gratitude towards your employees.
By implementing these strategies, you can further strengthen your fiduciary governance practices and contribute to the long-term financial well-being of your employees.
Please don't hesitate to reach out to our team. We are here to support you every step of the way.
About Your Local Hawaii Retirement Advisors
Retirement Partners of Hawaii are committed to helping you write your retirement story. We are passionate about providing solutions that:
Help employers improve their retirement plan success.
Empower employees on their path toward retirement.
Help Hawaiians write their own retirement stories.
We take great pride in our role as your Plan Advisors; we are dedicated to you, your plan, and your employees.
Retirement Partners of Hawai`i
1003 Bishop Street
Pauahi Tower, Suite 880
Honolulu, Hawai`i 96813
Phone: (808) 681-7799
Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC.
This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.
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