Privately Held Companies

Helping You Navigate Your Role As A Qualified Plan Sponsor

Helping You Navigate Your Role As A Qualified Plan Sponsor
As a sponsor of a qualified plan, you have an enormous personal fiduciary responsibility: You have to stay on top of today’s changing regulatory environment so you can educate your plan participants.  It’s a lot to manage.

There’s never been a better time to let an experienced navigator assist you at the helm.  With our specialized knowledge and industry expertise, we can help your plan deliver the investment options, services, and overall value participants deserve.  You'll be free to focus on managing the rest of your business, secure in the knowledge that your organization’s retirement plan is based solely on what’s best for you and your participants.

We Help Keep Your Retirement Plan On Course
With Harmon & Hartmon, you can rely on our unbiased outlook and breadth of knowledge about the retirement plan industry. We'll help you evaluate the options, make the best choices to meet your firm and participants’ objectives, and fulfill your fiduciary obligations. 

Investment Expertise
As your investment consultant, we help you establish an investment strategy that fits the distinct needs of your firm and your employees.  Our investment process includes:

  • Assisting you in developing an Investment Policy Statement (IPS) that sets guidelines for making investment decisions
  • Constructing a well-balanced investment lineup that offers broad diversification across asset classes
  • Conducting periodic investment reviews to check that the performance and expenses remain consistent with plan objectives

Plan Design
We take the time to understand your objectives and design a retirement plan program that provides 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 enrollment and eligibility issues
  • Support services to help simplify plan administration
  • Optimal use of safe harbors, such as 404(c) and QDIA

Vendor Search
With an independent retirement plan specialist, you can choose from a broad list of providers—free from proprietary vendor or product pressures and conflicts of interest.  We will help you select the provider that most appropriately fits the specific needs of your firm and your participants by:

  • Evaluating your existing plan’s participation levels and performance relative to business objectives
  • Managing vendor due diligence; analyzing provider costs, services, and investment choices; and facilitating the finalist meetings

Participant Education
As CERTIFIED FINANCIAL PLANNER™ (CFP®) professionals and investment consultants, we can provide the added value your plan participants need most:—education about their investment options, asset allocations, and risk tolerances—so they can take advantage of their retirement plan benefits.

We offer plan participant education that will:

  • Discuss the importance of saving for retirement
  • Highlight the features and the employer-matching contribution (if applicable) available under the plan
  • Explain the potential for tax-deferred growth over the long-term
  • Review the plan’s education materials and online tools
  • Clarify when a participant should elect a target-date investment option or “do it themselves” and pick their own investments

Call Harmon & Hartmon For A Consultation
Are you the sponsor of a qualified retirement plan? If so, e-mail Harmon & Hartmon today, or call us at 651- 332-5555. We have the experience and expertise necessary to help you keep your retirement plan on course.