Employer Retirement

RHFG helps employers and plan sponsors position their employees to retire securely and successfully. In order to do that, the employer or plan sponsor needs to be protected from the fiduciary liability assigned to those who manage employee benefit plans and the assets within them. According to the Employee Retirement Income Security Act (ERISA), you may be responsible for the following if you're a plan sponsor:

  • Acting solely in the interest of participants to provide benefits

  • Carrying out duties prudently

  • Following the plan document

  • Diversifying plan investments

  • Paying only reasonable plan expenses

  • Hiring and monitoring providers 

As a business owner, you want to focus on your core business and growing your revenues and profits instead of responding to an unexpected investigation by the Department of Labor due to fiduciary negligence. You or your current advisor could unknowingly expose you to the following civil and fiduciary liabilities:

  • Deposit Timing Failure - Failure to deposit employee deferrals by the 15th of the next month can incur fines from the Department of Labor
  • 404(c) Compliance - ERISA mandates that plan participants must have a broad range of investments and be equipped with information to make informed investment decisions or the plan sponsor is liable for plan losses due to poor investment decisions by participants

RHFG can help you mitigate the above fiduciary risks and others by outsourcing your plan administration and investment management to Redhawk Wealth Advisors as your ERISA 3(38) Fiduciary. As your ERISA 3(38) Fiduciary, Redhawk Wealth Advisors will act as full fiduciary and be the discretionary investment manager for your retirement plan and its participants. Redhawk will be responsible for selecting and monitoring plan investments, providing managed accounts, an Investment Policy Statement (IPS), a 3(38) agreement, an Investment Monitoring Report, and fee analysis and benchmarking. 

While Redhawk acts as your Investment Manager, Ray Hodges Financial Group will be your Financial Advisor of Record.  As Financial Advisor of Record, we will provide the following benefits:

  • Service Summary & Commitment

  • Education Policy

  • Planning Calendar

  • Enrollment Meeting & Education Seminars

  • Individual Participant Retirement Planning

  • Year-end Reviews

    • Agenda and Checklist

    • Plan Review Report

    • 404(c) Review

    • Service Checklist

    • Planning Calendar

Call us today to schedule a plan review so that we can assess your plan for fee reasonableness and benchmark the funds within it.