Business Owners

Services for Business Owners

360 Financial specializes in meeting the needs to successful families and top-of-their-field professionals who, amount other things, aspire to a work-optional lifestyle and have the desire to secure a family investment legacy. A lot of those people tend to be business owners. Our team can assist you with navigating the sea of fiduciary and regulatory responsibilities related to your business 401(k) or similar retirement plan. We can help design a plan that suits your needs and the needs of your employees – that means a competitive plan at a reasonable cost. As your partner, we can implement the highest investment fiduciary standards while offering an appropriate mix of investment options and education to your employees.

As part of an employee benefits program, many Minneapolis and Twin Cities area businesses offer their employees some type of retirement plan option, most often in the form of a business 401(k) plan. Some organizations may offer other retirement plan options as well, such as Investment Retirement Accounts (IRA) and SIMPLE IRA accounts.

Without in-house investment management guidance, most companies need help monitoring and reviewing their 401(k) or similar retirement plans. Over the years, the Department of Labor has increased the requirements that companies who sponsor retirement plans (also known as business 401(k) plan providers) need to maintain and support within their plan. Additional levels of scrutiny have been placed on the fees of these plans and the need for plan sponsors to benchmark and compare against the competitive marketplace.

360 Financial provides the retirement plan consulting guidance that businesses need to help keep their retirement plans on course. We do so by asking probing, sometimes difficult questions, and working to determine appropriate strategies. We treat your business like we treat our individual clients, keeping what matters to you and your employees at the forefront of your plan.

This information is not intended as authoritative guidance or tax or legal advice. You should consult with your attorney or tax advisor for guidance on your specific situation.