OUR SERVICES
Be Well and Build Wealth.
At Goodworth Wealth Management, we strive to improve retirement outcomes for our plan sponsor clients and their employees through careful retirement plan design assistance, strategic and targeted communication and education, as well as continual monitoring of results.
"Be Well and Build Wealth" are key themes we emphasize with our retirement plan clients. Our holistic approach to participant education is tailored to meet the specific needs of these clients. We help plan sponsors evaluate whether their plans are financially fit.
Our assessment determines if participants are prepared for retirement. We believe plan trustees aim to deliver cost-efficient and practical retirement plans to achieve better outcomes. Just as physical fitness is important, financial fitness plays a crucial role in overall well-being. Our team has developed strong expertise in working with Professional Employee Organizations (PEOs) and Multiple Employer Plans (MEPs).
REPORTING
Decisions Backed By Data
Goodworth Wealth Management employs a Fiduciary Monitoring system (FIRM). The FIRM software program is designed to generate ongoing investment analysis and produce fiduciary monitoring reports designed to meet the requirements set forth from the Department of Labor and adhere to ERISA standards.
Our Fiduciary Monitoring report may include six components:
- Capital Markets Commentary.
- Executive summary, high level review of the investment portfolio
- Portfolio Style, overview of the portfolio allocation
- Performance Summary
- Fund Criteria Report
- Scorecard, based upon 12 data points to make buy, hold and sell recommendations
RETIREMENT PLANNING
Retirement Plan Investment Advisory Services
Our dedicated team can support you with the following retirement plan investment & advisory services:
- Investment fiduciary services under ERISA (to the extent the plan is subject to ERISA)
- Investment Policy Statement: IAR will assist the Plan in the preparation or review of an investment policy statement (“IPS”) for the Plan based upon consultation with Client
- Ongoing Investment Monitoring: IAR will perform ongoing monitoring of investments options in relation to the criteria provided by the Client to the IAR.
- Qualified Default Investment Alternative Assistance: IAR may assist client with selecting investment products or managed accounts offered by third parties in connection with the definition of a “Qualified Default Investment Alternative” (QDIA) under ERISA (for plans subject to ERISA).
Consulting Services
The IAR shall assist the Plan by acting as a liaison between the plan and services providers, product sponsors and/or vendors. In such cases, IAR shall act only in accordance with instructions from the Client on investment or Plan administration matters and shall not exercise judgment or discretion.
The Basics of
Retirement Planning
This brochure will help you understand the power of the saving mantras "Start saving as early as you can." and "Save as much as you can."
Personal Finance Planning For Business Owners
This overview will give you a
basic understanding of how
financial planning can help
you, your family and your
business.
