What We Do
Our Mission
Our Mission – the reason we exist –is to help you, our client, pursue your retirement dreams, however you define them. When you become our client, we use all of our experience and specialized skills and training to address your individual financial challenges, streamline complexities, and guide you along your financial journey.
Let us help craft your own personalized strategy for retirement. We provide a no-obligation review of your current retirement goals and financial strategy, including a review of your overall risk exposure and your total investment costs.
A cost-effective and well-designed retirement plan can be a valuable asset for both employees and employers. As a business owner, you understand that a highly-competitive retirement plan is essential for attracting and retaining your best employees. It can mean winning the job offer, or losing a recruit to your competitor.
For more than two decades, Pond Wealth Management has worked arm-in-arm with business owners to upgrade their retirement plans, drive greater employee engagement and participation, help reduce benefit costs, and improve plan performance.
The potential benefits to you, the employer, are measurable. For example, our contracts include:
- Benchmarking your plan’s performance, features and costs to competitors’ plans is essential.
- Helping to align plan design with Workforce Strategy.
- Listening and consulting with Owners and HR leadership to instill a broader suite of Plan Features for your employees.
- Identifying appropriate Plan metrics you can use to track Plan Performance and compare those to your competitors.
- Aiming to position your plan in the top 10% of its benchmark group, with Participation Rates above 90% and Deferral Rates above 10%.
- Conducting a new recordkeeper search and engaging with you in the decision process so you don’t go-it-alone.
- Benchmarking your Plan to discover metrics to celebrate or features to improve. Focusing on Value-for-Price is a Fiduciary best practice.
- Quantifying your fiduciary shortfalls and retirement achievement,.
- Applying our disciplined and repeatable Fiduciary Process for selecting and monitoring your Plan’s investments and overseeing your Investment Policy Statement (IPS).
- Proactively advocating on your behalf when your recordkeeper drops the ball, and working to improve recordkeeper deliverables and response times.
- Conducting and documenting all Plan Reviews; leading or participating in all Committee Meetings, and preparing Meeting Minutes for your Fiduciary File.
- Integrating your 401(k) with a Cash Balance Pension plan for greater potential contributions by Company Owners.
- Putting smiles on the faces of your HR Staff and Participants.
Disclaimer : This material is intended as a general educational resource for plan sponsors and is not intended to serve as legal or tax advice, or as authoritative guidance. Given the complexity of applicable laws and the distinct nature of each retirement plan, this information should not be relied upon to avoid potential tax or legal consequences. Plan sponsors are strongly encouraged to consult their own qualified tax and legal advisors before acting. Of course, we would welcome the opportunity to discuss your unique situation.
Two unseen risks facing many retirees are the risk of investing too conservatively and the risk of overpaying for financial advice. We advocate for a balanced retirement portfolio, one that mitigates long-term risks, identifies income opportunities, and pursues long-term growth to sustain your lifestyle throughout retirement.