Retirement Planning

Retirement Planning: Design, Optimize, Manage

Lexington Avenue Capital Management offers the expertise and resources to help business owners maximize their savings and tax benefits and comply with their fiduciary duties in offering a 401(k) or other company sponsored retirement plan to employees. Many business owners aren't aware of their legal responsibilities if they offer a retirement plan to employees.The turnkey services we offer are designed to benefit both the plan sponsor and the employees.

Offering a 401(k), 403(b) or other retirement savings plan for your organization provides so many great benefits for you and your employees. Our firm can provide you with all of the expertise you need, whether it’s setting up a retirement plan for your business or providing a review of your existing plan. Rules and regulations regarding retirement plans continually change, so it’s important to periodically review your plan provisions just as you do your other employee benefits to ensure you are:

  • getting the maximum tax and savings benefits
  • paying reasonable costs for the services associated with your plan
  • receiving objective advice regarding the plan’s investment lineup

 

Privately held for-profit business entities with varying tax structures

  • Sole proprietor, S Corporations, C Corporations, Partnerships, LLC's.
  • All types of industries ranging from professional services to manufacturers

Non-profit organizations

 

 

 

Cost Benefit Analysis: Over the years, legislation, regulation, and your objectives may change, requiring further analysis and modification of plan provisions. We offer the experience and resources to assist in the selection of the appropriate plan design to meet your objectives.

Plan Administrative Services: We provide a set of IRS prototype plans. This helps to ensure plan document compliance will be timely and cost-effective. These services include compliance testing, governmental forms, 404(c) compliance, ongoing document support and a dedicated account manager.

Plan Recordkeeping Services: Includes eligibility determination, loan and distribution processing, tracking of participant balances, plan sponsor and participant 24/7 website access, quarterly participant statements and access to an 800# participant call center.

Custodial services: Safekeeping of plan assets are typically held through TD Ameritrade.

3(38) Fiduciary Investment Services: Investment selection for the plan employs a rigorous and consistent process by which low cost funds are used to create professionally managed portfolios for the plan as well as a lineup of investments whereby participants can choose to customize their own investment allocation. The investment lineup is continually monitored with quarterly reporting provided to the Plan Sponsor. The plan sponsor is provided with a Fiduciary Audit binder which provides a hard copy and electronic documentation system including all signed documents, an investment policy statement and guidance regarding investment committee meetings and minutes.

Consulting and Education: Customized enrollment materials and employee meetings outline your plan’s specific benefits and enhance your employees’ understanding and appreciation of the plan. Lexington Avenue Capital Management provides employee education with respect to selecting from the menu of available investment choices within the plan as well as other retirement related topics including the importance of saving for retirement, personal goals and objectives, and risk/return characteristics among the various plan investment choices.