401(k) plans have become the sole retirement savings vehicle for millions of Americans. 401(k) plans can be a powerful tool in promoting financial security in retirement. They are a valuable option for businesses considering a retirement plan, providing benefits to employees and their employers.
The Islamorada Investment Management 401(k) Plan enables companies to deliver a truly valuable benefit to their employees – helping participants achieve their retirement goals – while reducing costs and time spent managing the plan.
Employers, or “plan sponsors,” start a 401(k) plan for many reasons…
We are an independent, fee-only firm, which means we have no conflicts of interest and have taken a fiduciary oath.
We provide full transparency into what we are doing with your money, and why, and attempt to educate our investors as much as possible about the investments we all own.
Our fees are low and based on how well we do our job, which is to find the best possible investments we can to include in your portfolios.
The Islamorada Investment Management 401(k) Plan lets you outsource your company’s administrative chores, reducing your administrative burden and paperwork.
Our compensation is strictly limited to a one-time set-up fee and one annual management fee*, which includes our advisory services as well as all plan record-keeping, administration and investment management expenses. Our tiered fee schedule automatically lowers your fee rate as your plan’s assets grow.
From assisting in creating, reviewing or rewriting your Investment Policy Statement to conducting periodic reviews to assist in complying with current and new regulations, Islamorada Investment Management stays on top of all the regulatory and legal issues to help you manage your liability. As a Registered Investment Advisor, our advice is always to be in your and your employees’ best interests.
Even with the best intentions, mistakes in operating and administering a 401(k) plan can happen. Because of the complexity of both establishing and operating a new 401(k) plan, as well as the fiduciary and administrative responsibilities that being a plan sponsor entails, Islamorada Investment Management highly recommends a turnkey, outsourced approach to have specialized experts take care of most aspects of operating the plan.
When choosing the IIM 401(k) Plan for your business, you’ll enjoy ease and convenience you never thought possible –
whether starting a brand new plan, or easily transitioning from an existing plan.
We’ll handle all account-related record-keeping and ongoing monitoring by:
401(k) plans that lack these features may create liabilities for employers and could cost employees money.
* Services covered by this fee include record-keeping and custodial access, annual administration and advisory services. Additional fees apply for participant loans or distributions, additional payroll sources, postage, additional employer consulting, record-keeping and termination/deconversion services above and beyond what is included in the plan.