Businesses - Oak Road Wealth Management
BusinessesNick Webb2021-11-09T21:30:46+00:00	
That’s what our clients keep telling us they get from working with us. We help our clients build confidence that they are on pace to reach their goals; Confidence that they are invested correctly and that they are employing the behaviors that are going to result in them achieving their goals.
We work with you to build a financial plan that takes into account the savings you’ve accumulated thus far, your current savings rate and your retirement goals. We help you determine your probability of success of achieving all of your goals and if it’s not as high as you like, work with you to help you close the gap. Once you’re retired, we help you manage your retirement income strategy and build your own paycheck as a combination of social security, pensions, investments etc. Together, we’ll regularly monitor and review your financial plan and help you manage your investments in a manner that reflects your needs.
CONFIDENCE IN OUR TRANSPARENCY | How we’re compensated
Oak Road Wealth Management is a fee-only Registered Investment Advisory firm. We are fiduciaries which means we are required to act in the best interests of our clients ALL THE TIME. Our only compensation comes from the transparent fees we agree upon with you. We do not receive any form of non-transparent compensation from your plan or benefits. We also do not accept any fees, kickbacks, or any other form of compensation from any plan service providers or from any other party.
Confidence for Your Company + Your Employees
The costs associated with operating a retirement plan have become much more competitive over the last several years because of better technology and increased competition. If you haven’t benchmarked your plan costs within the last couple of years, it is likely that there is a way for you to reduce costs. Understand that retirement plan pricing can be complex and is often non-transparent. Fees are often layered and ‘baked-in’ to the investment products in the plan. At Oak Road Wealth Management, we can help you understand all of the non-transparent fees and help you determine if you are getting good value for the cost.
Oak Road Wealth Management is proud to offer a comprehensive range of retirement plan services including:
PLAN SELECTION + DESIGN
Helping you determine what kind of retirement plan is right for your business
Defined Contribution and/or Defined Benefit plans
SEP IRA, SIMPLE IRA, Payroll Deduction IRA, Self-Employed 401(k), 401(k) Plan (with Roth option), 403(b) Plan, Profit Sharing and more
Assisting you with plan design and selecting plan features
Helping you select service providers including:
3(21) and 3(38) fiduciary services partners
Working with the plan administrator and record keeper to help you setup your plan
Assistance drafting your Investment Policy Statement
Helping you create and update your fiduciary audit file
Helping you select investment options for the plan
Helping you select Qualified Default Investment Alternatives – QDIA
Helping you enroll your employees in the plan
Providing retirement planning guidance to employees
Helping employees choose their asset allocation
Helping employees rollover prior plan assets
Annual meeting with you to go over all elements of the plan
Hosting regular education meetings with employees
Monitoring investment options and recommending changes if needed
Regularly meeting with employees to assist with ongoing retirement planning
Helping you improve employee participation and retirement readiness
Helping you monitor plan service providers and do RFPs to benchmark the plan
Conducting regular fiduciary training
Oak Road Wealth Management is a fee-only Registered Investment Advisory firm. We are fiduciaries which means we are required to act in the best interests of our clients ALL THE TIME. Our only compensation comes from the transparent fees we agree upon with you, the plan sponsor. We do not receive any form of non-transparent compensation from the plan or it’s participants. We also do not accept any fees, kickbacks or any other form of compensation from any plan service providers or from any other party.
CONFIDENCE IN YOUR CHOICES | Your responsibilities as Plan Sponsor
As a plan sponsor, it is important to understand the fiduciary responsibilities placed upon you and your employees. The Employee Retirement Income Security Act (ERISA) protects your plan’s assets in part by subjecting anyone who has authority or responsibility for the administration of the plan to a fiduciary standard. This can also include your financial advisor and other service providers to the plan. For key officers of your leadership team, there is no way to fully absolve yourselves of some of these fiduciary responsibilities. Therefore it is incumbent upon you, the plan sponsor, to understand your responsibilities and hire partners to help you understand and manage these responsibilities. We can help you better understand your fiduciary responsibilities and help you take steps to protect yourself.