A successful retirement program is one of the most important benefits you can offer your employees. Regardless of the size of your business or the plan you need, we can help. We will advise you through every step in starting a plan, or transferring an existing plan to one of our experts. First Merchants offers many retirement plan options and will help you determine the ideal solution for your business. We emphasize personal attention for every participant in every plan. It is our job to keep you focused on your goals in order to maximize your savings, minimize your taxes, and make your savings last.
We Specialize in
- 401(k) Plans
- 403(b) Plans
- Profit-Sharing Plans
- Pension Plans
- Cash Balance Plans
- SEP IRAs
- SIMPLE IRAs
- Cross-Tested Plans
Custom Retirement Solutions
As a plan sponsor, you have fiduciary responsibility for your company’s retirement plan. We understand that responsibility and we are here to offer support. We offer both 3(21) and 3(38) fiduciary services. We will help you to determine the level of support you need.
The first step in our personalized process is to determine your goals. Knowing what you want the plan to accomplish provides us a guide to ensure that the plan fits your desired objectives.
Design a Plan Document
Based on your goals, we utilize our experience to create a custom plan design. This includes determining the number of fund options your plan will include as well as the variety of those funds. Our investment management team diligently screens and reviews the funds on our approved list and ensures the funds incorporated in your plan meet our rigorous standards.
We explain the details of the plan and the benefits of retirement planning to participants. We help get employees enrolled in the plan and make ourselves available to provide any assistance needed through the plan implementation.
We are not just available at the implementation of the plan; we make ourselves personally available to plan participants and sponsors on a continual basis.
Review Performance and Goals
Our Retirement Planning Services and Investment Management teams review performance relative to your goals and make suggestions when warranted.
Meet with Plan Sponsors Annually
At least once each year we meet with the plan sponsors to present performance and gather feedback from the client. If there is a change in the goals or objectives, we redesign the plan to adapt to your changing needs.