Finding the best 401(k) Provider

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What is a Cash Balance Plan

Fisher Investments®

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Male Voice: "Hi, I'm Mathew Cooksey, I'm the business development team lead here at Fisher Investments 401(k) Solutions. And I work with a lot of high-earning business owners who didn't realize we have a strategy to help them significantly reduce their tax liability upwards of one hundred thousand dollars each year. You could be one of them."

A man dressed in a suit speaks to the camera. A flyout in the lower left corner identifies him as Matthew Cooksey, Business Development Team Leader.

"So a Cash Balance plan is a type of retirement plan that often works side-by-side with 401(k) plan that allows high-earning business owners the ability to significantly increase their tax deferred savings often upwards of three hundred thousand dollars each year while also reducing their tax liability in some cases upwards of one hundred thousand dollars each year. And the greatest part about that is those contributions also grow tax deferred."

"A Cash Balance Plan can be one of the most valuable tools that a lot of high earning small business owners overlook in their strategies to reduce their taxes. A lot of the client I talk to have exhausted a lot of the traditional models or ways that they can reduce the amount they are paying in taxes. With this plan it allows them to not only save hundreds of thousands of dollars each year into their personal retirement those contributions allow them to reduce their tax liability as well. And that can be really beneficial for people that have kind of hit the wall of what is available to them."

"Cash Balance plans can be complex. And its important to have an advisor who is an expert in them to help you navigate them Here are Fisher investments we have the expertise and the experience to help our clients and their CPAs optimize their plans to not only reduce their tax liability on an on on-going basis but make sure their getting the most out of their retirement savings."

The flyout disappears. The camera remains focused on the speaker, occasionally zooming in or out.

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Fisher Investment 401(k) Solutions logo fades on to the screen.

Fisher Investments 401(k) Solutions. © 2021 Fisher Investments. Investing in securities involves the risk of loss. Intended for use by employers and their consultants, considering or sponsoring retirement.

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How to Find the Best 401(k) Provider

Fisher Investments®

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Male Voice: "The most critical step when shopping for a 401(k) provider is to start with the advisor."

A man dressed in a suit speaks to the camera. A flyout in the lower left corner identifies him as Gary Peterson, VP Inside Sales.

"An advisor who is a specialist in the 401(k) industry is really going to be able to serve as a quarterback for you in terms of all of the other vendors you might need to pull in; in order to create a very cohesive and highly functional plan."

The flyout disappears. The camera remains focused on the speaker as he speaks, gesturing occasionally.

"Finding the right plan advisor matters because when you look at investment performance a 1% improvement can mean up 17 years in extra retirement income for your employees."

A chart appears on the screen. It has a grid with labels along the X (horizontal) and Y (vertical) axes. The Y axis shows dollar amounts from $0 to $1,200,000 in increments of $200,000. The X axis shows ages from 25 to 90 in 5 year increments.

Ages 25-65 are labeled as "Savings Phase", and ages 66-90 are labeled "Retirement". At age 65, the line on the grid is dashed instead of solid.

A gray area appears on the chart and is labeled "Retirement Savings". It starts at age 25 on the X axis, and ends between the ages of 85 and 90. On the Y axis, it starts at $0 and increases in a curve which peaks between $800,000 and $1,000,000 at age 65 before curving back down to 0 for the remaining years.

A second green area which represents the extra 1% improvement appears on the chart, plotting its way across from left to right behind the gray area.

The green area also starts at age 25 on the X axis; however, as it progresses, it overshadows the gray area. The green area peaks between $1,000,000 and $1,200,000 at age 65, and the downwards curve shows between $400,000 and $600,00 of remaining savings at age 90.

After the areas are plotted on the chart, 3 tooltips appear over the green area of the chart at various points on the grid. The first one appears at age 65 on the X axis and between $1,000,000 and $1,200,000 on the Y axis, and reads "Extra Savings at Age 65: $227,000+"

The second tooltip appears between ages 65 and 70 on the X axis and around the $1,000,000 mark on the Y axis, and reads "Retirement Savings with 1% Greater Returns".

The last tooltip appears around age 85 on the X axis and $400,000 on the Y axis, and reads "Extra Spending: 15+ Years",

Below the chart is some text that reads: "Assumes starting salary of $40,000, which grows annually by 3% over 40 years starting at age 25. Withdrawals begin at age $66 and are equal to $45% of the projected salary at retirement. The lower return portfolio growth assumes 5.5% annual return in the working years and 3.5% return in retirement, while the 1% higher return portfolio growth assumes 6.5% and 4.5%, respectively."

"Finding the right advisor starts with figuring out: are you dealing with a generalist or a specialist? A generalist is someone who focuses on retirement plans in their spare time. The majority of their clients are of other types, and it is just not something they have a lot of expertise in. In fact they are often leaning into third parties to add that expertise when they don't have it."

"A specialist is somebody who focuses solely on retirement plans. It's what they do each and every day, all day long. This gives them the ability to provide a level of value-add that you're just not going to find dealing with someone who is a generalist."

"A couple of key questions to ask when shopping for a 401(k) plan advisor are: First, are they a generalist or a specialist? And an easy way to figure this out is to ask how many clients they serve in the 401(k) market. If you're dealing with somebody that has 3, 4, 5 plans you're likely dealing with a generalist, and not somebody who is going to be able to provide that specialist level of service."

"Another great question to ask is whether the advisor has the ability to act as a 3(38) fiduciary. This is important because a fiduciary is legally required to put both you and your employees' best interests first."

"At Fisher Investments, we're both a retirement plan specialist as well as a 3(38) fiduciary. We're required to put your interests ahead of our own. So we do better when you do better."

The chart disappears, revealing Gary who continues to address the camera.

White slides over the screen covering it.

Fisher Investment 401(k) Solutions logo fades on to the screen.

Fisher Investments 401(k) Solutions. © 2021 Fisher Investments. Investing in securities involves the risk of loss. Intended for use by employers and their consultants, considering or sponsoring retirement.

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