Leavell currently manages more than 50 employer-sponsored retirement plans. We have a deep understanding of the complexities involved with a well-designed retirement plan.
Whether your company is looking to start a 401(k), 403(b), defined benefit, or a nonqualified deferred compensation plan, we have the expertise to help design a plan to fit your company’s needs and objectives. Retirement plans can be a great tool for employee retention and hiring top talent. Additionally, plans can provide a great way to defer taxes, reduce taxable income, and allow investments to grow tax-deferred.
For companies that have an existing employer-sponsored retirement plan, we start by benchmarking the company’s current plan costs versus other plans of similar size in terms of assets and the total number of participating employees. Many plan sponsors are unable to identify the total costs in addition to internal investment fees associated with investment products offered to their employees. Our team creates a detailed report showing a breakdown of the total cost of these plans by each provider.