401(k) Retirement Plans Tailored for Business Owners & Their Employees
A Business's Greatest Asset is It's Employees
As a business owner, you wear many hats—but managing your employees’ retirement shouldn’t be an overwhelming burden. With the right retirement plan such as a 401(k) plan and support, you can offer a powerful benefit that attracts top talent, supports your team’s future, and positions your business for long-term success. At Genesis Wealth Advisor Group, we specialize in helping business owners like you navigate the complexities of retirement plans, so you can focus on what matters most: growing your business. We'll help you determine if a 401(k), SIMPLE IRA, or other type of plan works best for your business and employees needs.
Understanding Fiduciary Responsibility
When you offer a 401(k) plan, you take on important legal duties as a fiduciary. Under the Employee Retirement Income Security Act (ERISA), you must act solely in the best interests of your plan participants and their beneficiaries, exercise prudence, diversify investments, and ensure plan expenses are reasonable. Failing to meet these responsibilities can expose you to legal and financial risks, including Department of Labor investigations, fines, and even personal liability.
But you don’t have to shoulder these burdens alone. With the right partner, you can delegate many fiduciary functions—while maintaining oversight and control. That’s where Genesis Wealth Advisor Group comes in.
Lower Expenses, Greater Value
One of the most common concerns for business owners is the cost of managing a 401(k) plan. High fees can erode your employees’ savings and increase your fiduciary risk. Many employers are unaware that their current plan may be more expensive than necessary, or that better options are available.
Genesis Advisor Group helps you identify opportunities to lower plan expenses without sacrificing quality or service. We work with you to review your plan’s structure, investment options, and provider relationships, ensuring you receive transparent pricing and competitive value.
Complimentary Benchmark Review: See How Your Plan Stacks Up
Wondering if your current retirement plan is meeting your needs—and your fiduciary obligations? Genesis Wealth Advisor Group offers a complimentary benchmark review to assess the health of your existing 401(k) plan. Using advanced benchmarking tools, we provide a clear, objective analysis of your plan’s performance, fees, and compliance, so you can make informed decisions with confidence.
This review is designed with business owners in mind. It’s quick, comprehensive, and focused on your unique goals. You’ll receive actionable insights and recommendations to help you optimize your plan for your employees and your business.