

Retirement Plans
Professional offices and small businesses know that offering retirement plans is key to attracting and retaining top talent. At Fairway Asset Management, we work closely with clients to find the right retirement plan that meets their needs. We collaborate with retirement plan administrators to provide custom solutions, ensuring that plans of all sizes are cost-effective and efficient. In an industry increasingly driven by automation, we are proud to offer a personalized, tailored approach to the investment management of retirement plan assets. For our retirement plan clients, we provide:
♦ Assist the trustees with their fiduciary duties
♦ Recommend the appropriate funds to select as investment options
♦ Review the funds on a regular basis to make sure they are still appropriate for the plan
♦ Recommend asset allocations for participants
♦ Offer group meetings with the employees to help them understand the plan and the investment options
♦ Are available to meet with the participants on an individual basis if they need further help in choosing their investment allocation
Types of plans:
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401(k): Employer-sponsored plan with tax advantages and potential matching contributions.
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SEP IRA: Plan for self-employed individuals or small businesses with higher contribution limits.
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403(b): Similar to 401(k), but for employees of non-profit organizations or public schools.
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Profit-Sharing Plans: Employer contributions based on company profits, varying yearly.
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Cash Balance Plans: A pension plan with an account balance that grows over time.
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Solo 401(k): Retirement plan for self-employed individuals or business owners with no employees.
Each plan offers different benefits and tax advantages, so it's important to choose the one that fits your financial goals.