Retirement Plan Services
Retirement plan advisory services are central to our practice.
Retirement plan co-fiduciary services are central to Legacy’s wealth management practice with a service model developed specifically to support plan sponsors and participants in navigating an increasingly complex regulatory environment with confidence.
The LFA team has decades of comprehensive industry experience. In addition to investment monitoring and employee education, our advisors are well versed in plan design, ERISA compliance, operational best practices, and vendor capabilities. A breadth of knowledge that is critical to satisfying your fiduciary responsibilities.
As your co-fiduciary under ERISA Section 3(21), we help you make informed decisions that maximize the benefits of sponsoring a plan while protecting you, your business, and your employees.
Employer Sponsored Retirement Plan Co-Fiduciary Services
Legacy’s retirement plan advisory program is designed to help business owners and plan sponsors get the most from their plans while meeting their fiduciary responsibilities and enhancing the overall retirement readiness of their workforce.
As a co-fiduciary advisor, we commit to acting in the best interests of plan participants. We provide guidance on plan design, investment selection, fee oversight, fiduciary best practices, while coordinating with vendors to reduce risk and improve plan outcomes.
We provide clear reporting on plan-related fees and expenses so employers and participants understand what they are paying for. By emphasizing transparency, objective advice, prudent oversight, and personal service we help create retirement plans that are responsible, cost-effective, and aligned with the goals of both the organization and its employees.
Defined Benefit, Cash Balance, & Combo Plan Advisory Services
Defined benefit and cash balance plans can be powerful tools for business owners and professional practices with steady income. These plans allow for significantly higher tax-deferred contributions than traditional 401(k) plans, making them especially valuable for groups looking to accelerate retirement savings and minimize tax exposure.
Legacy specializes in evaluating, designing, implementing, and maintaining defined benefit, cash balance, and combination plan strategies in coordination with experienced third-party administrators, actuaries, tax professionals, and legal advisors. Because these plans are highly specialized, we place significant emphasis on proper plan design, administrative fit, investment alignment, contribution requirements, and ongoing compliance.
Our role is to help ensure the plan supports both the business and the owner’s broader financial objectives. That includes evaluating whether a cash balance or combo plan is appropriate, coordinating with the right administrative partners, designing investment allocations that support plan funding requirements, and monitoring the plan as business conditions and regulations evolve.
Non-Qualified Plan Consulting & Portfolio Management
Non-qualified plans can help employers attract, reward, and retain key executives through customized compensation and benefit strategies that extend beyond traditional qualified retirement plans.
Legacy provides guidance on plan design, funding considerations, investment strategy, and ongoing oversight. We help employers evaluate how non-qualified plan solutions fit within their broader compensation structure, corporate objectives, and executive retention strategy.
In addition to consulting on plan structure, we provide portfolio management for plan assets where appropriate. Our investment approach is designed around the plan’s purpose, time horizon, liquidity needs, and risk considerations, with an emphasis on transparency, coordination, and long-term stability.
Individual Retirement Plan Advisory Services (Solo(K)s), SEPs, & SIMPLEs
For self-employed individuals, independent professionals, and small business owners, Legacy provides guidance on Solo 401(k)s, SEP IRAs, SIMPLE IRAs, and other tax-advantaged retirement savings strategies.
We help clients evaluate which structure best fits their income, cash flow, contribution goals, administrative preferences, and long-term financial plan. From plan selection and setup to investment management and ongoing contribution strategy, our goal is to help business owners build retirement wealth efficiently while keeping the plan aligned with their broader financial life.
Build a Better Retirement Plan
Whether you sponsor an existing retirement plan, are considering a new plan, or want to evaluate whether a cash balance or combo plan may be appropriate for your business, Legacy can help you make informed decisions with clarity and confidence.