Executive Client Group
Collaborating with you in reaching higher levels of achievement.Our executive business capabilities are focused on supporting the goals of the organization around the 401(k) retirement plan and other supporting services. We especially like to partner with firms that are seeking to leverage this critical benefit to help your associates become RetireReady™ AND stay with your firm LONG-TERM! TEAM MILESTONE believes a well written and documented plan can become an arrow in your quiver to help recruit and retain key employees.
Collaborating with Team Milestone requires a multi-front approach.
The First Front – Employee Education
Just 18% of workers express confidence that they will have enough money to live comfortably throughout their retirement years¹. What would your employees say? Discover how RetireReady™ can help produce measurable results.
Learn More
The Second Front – 401(k) Plan Design
An efficient and effective plan demands a plan design review at least every 3 years. You might discover that no changes are necessary. However, Milestone believes that it is critical to ensure your plan aligns with your corporate and employment goals.
The Third Front – Fiduciary Standards
There is no doubt that Fiduciary risks are increasing. As a matter of fact, in the fall of 2015, the Department of Labor (DOL) sent a clear, definitive message to plan sponsors with 401(k) informing them of their responsibilities. Milestone invites you to learn more about the basics by reviewing the ABCDs of Fiduciary Standards. Consider adding an Accredited Investment Fiduciary™ to your team. Review our Ethic’s Code here.
¹2014 EBRI Retirement Confidence Survey
Does your plan seem out of date, underutilized or even boring?
Are you constantly running into contribution caps?
Don't have a plan?
Help keep your retirement plan on course
Fiduciary Management
As your partner, we can share much of this fiduciary responsibility with you, and implement a disciplined process to better manage your fiduciary obligations.
Related Links:
Tips to Understand Your Retirement Plan’s Fees
Vendor Search
Managing vendor due diligence
Our customized Request for Proposal (RFP) process includes:
- Gathering data and pricing
- Analyzing costs, services, and investment choices
- Facilitating finalist meetings
Ongoing monitoring
Once your plan is in place, you can expect:
- Monitoring of participation levels and performance
- Fee benchmarking and analysis against other vendors and plans
- Guidance on areas of improvement
Related Links:
Investment Expertise
Investment Policy Statement:
We assist you in the developing an Investment Policy Statement (IPS) that sets guidelines for making investment decisions.
Investment Selection:
It’s important to construct a well-balanced invest lineup that offers broad diversification across asset classes. We make investment recommendations based on a rigorous quantitative and qualitative evaluation process.
Continual Monitoring:
We conduct periodic investment reviews to check that performance and expenses remain consistent with plan and objectives.
Related Links:
Participant Services
Participant education
We will work with your participants to:
- Explain the importance of retirement planning and the options available under the plan
- Determine their unique investment objectives, tolerance for risk, and time horizon
- Recommend an asset allocation model suited to their personal needs or goals, based on the investment options available under your plan
Custom communication programs
We offer a specialized approach to communication and can:
- Tailor a communication program that addresses your specific needs
- Deliver presentations on broader financial planning topics
- Conduct educational meetings in either group or individual settings
Plan Design
We take the time to understand your objectives and design a retirement plan program that helps to provide your employees with the greatest value and, to the extent possible, reduces your administrative responsibilities.
Specific areas we focus on include:
- Employer contribution strategies
- Evaluation of qualification and eligibility issues
- Compliance with legislative changes
- Support services to help simplify plan administration
- Optimal use of safe harbors, such as 404(c) and QDIA
Related Links:
The Impact of Automatic Enrollment on Future Retirement Accumulations
Who We Are
Independent and Objective
Our independent status means that we are not tied to any particular vendor or product, giving you access to a virtually limitless array of plan choices. With our fully transparent fee structure, you can rest easy in the knowledge that the advice we offer is objective, impartial, and aligned with the best interests of your firm and your plan participants.
All of this means that you can feel confident knowing that you have a partner whose primary focus is on helping ensure that your plan delivers the investment options, services, and overall value participants expect—leaving you free to concentrate on managing your business.
Professionally Accredited
Paul Spoelstra has earned two credential that serve the corporate and municipality markets well.
First, the Accredited Investment Fiduciary™ (AIF®) designation. This means you can feel confident that his approach is based on:
- A thorough understanding of legislative issues
- Best practices and the fiduciary role
- A commitment to standards of investment fiduciary quality
The AIF® designation signifies a comprehensive knowledge of and ability to apply and adhere to fiduciary practices. It is widely acknowledged as a leading designation for investment fiduciaries for both individuals and retirement plans.
Second, Paul has maintained the Certified Financial Planner™ certification since 2000. This certification allows Paul to deliver quality advice and service to the employees of the firms that have selected Milestone Wealth Management to manage their qualified plans. The CFP® certification focuses on 6 key areas of a successful financial plan: current situation, protection, tax, investment, retirement, and estate planning.
The CFP® certification is highly recognized in regards to its process in the personal financial planning market.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, Certified Financial Planner™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
Ready to start a conversation?
This communication strictly intended for individuals residing in the states of AL, CA, CO, FL, IN, MI, NC, NY, OH, PA, SC, TX. No offers may be made or accepted from any resident outside these states due to various state regulations and registration requirements regarding investment products and services. Investments are not FDIC- or NCUA-insured, are not guaranteed by a bank/financial institution, and are subject to risks, including possible loss of the principal invested. Securities and advisory services offered through Commonwealth Financial Network®. Member FINRA, SIPC, a Registered Investment Advisor.
