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Our Passion
Paragon Plan Services understands that your employees are your most valuable asset. We go beyond traditional retirement plan advising to offer a holistic approach that prioritizes their financial well-being. We help you design, implement, and manage customized retirement plans that meet your business objectives and empower your employees to achieve their financial goals. Our commitment to your employees’ financial success extends beyond retirement, with guidance and tools to help support broader financial wellness topics such as financial and estate planning that can help them navigate life’s challenges and opportunities with confidence.
Supporting Participants
We believe in providing employees with the tools and resources they need to make informed decisions about their financial future. In addition to helping create the menu of investment options for the plan, we offer participants education and resources on various financial topics, as well as access to estate and financial planning tools to help them achieve their goals.
Serving Sponsors
We support plan sponsors with comprehensive services, including navigating RFPs, conducting thorough investment due diligence, providing fiduciary training and support, and assisting with compliance and regulatory requirements. Our goal is to simplify plan administration and empower you to make confident decisions that benefit your employees and your business.
Core Services
Plan Design
Fiduciary Support
Investment Oversight
Benchmarking
Professional Coordination
Participant Engagement
Administration
Risk Management
Core Services
Plan Design
Fiduciary Support
Investment Oversight
Benchmarking
Professional Coordination
Participant Engagement
Administration
Risk Management
Get a Free Consultation
The first step is a short, casual conversation to see if we can help.
Our calls are always relaxed and pressure-free.
Frequently Asked Questions
What services do you offer for employer retirement plans?
We offer a comprehensive suite of services designed to optimize your employer retirement plan. Our expertise spans from plan review, design, and documentation to investment selection and oversight. We facilitate professional referrals and collaboration with trusted partners to provide holistic solutions. Our services also include administration and oversight, ensuring seamless plan operations. As your fiduciary, we provide Fiduciary Support to safeguard your plan and participants. To enhance plan performance, we offer plan benchmarking and RFP management. We prioritize participant education and engagement to foster financial well-being. Finally, our commitment to risk mitigation and liability reduction protects your company and employees.
How do you measure the success of a retirement plan?
We measure the success of a retirement plan by several key indicators. These include participant engagement and satisfaction, contribution rates, investment performance, and plan costs. We also assess the plan’s ability to help employees achieve their retirement goals. By tracking these metrics and benchmarking your plan against industry standards, we can identify areas for improvement and implement strategies to enhance its overall effectiveness. Ultimately, our goal is to create a plan that not only benefits your employees but also aligns with your company’s objectives.
Do You Only Work With Established Companies?
We work with companies of all sizes. From startups just getting off the ground to established enterprises looking to enhance their existing plans, we provide tailored solutions. For medium-sized and large companies, we offer expert guidance on streamlining operations and maximizing plan effectiveness. We even have experience with multiple employer plans, providing a comprehensive approach to retirement planning for diverse workforces.
What is your approach to participant education and engagement?
We believe that informed and engaged participants are essential to a successful retirement plan. Our approach focuses on providing clear and accessible information through a variety of channels. We offer educational webinars, and one-on-one consultations to address participants’ specific needs and questions. Additionally, we leverage technology to provide online resources, calculators, and tools for easy access to plan information. By combining these methods, we strive to empower participants to make informed decisions about their financial future.
How do you help companies manage fiduciary risk?
We help companies manage fiduciary risk through several ways. This includes conducting thorough plan reviews to identify potential vulnerabilities, implementing robust governance structures, outsourcing liability when possible, and providing ongoing fiduciary education. We assist in selecting qualified investment options and monitoring plan performance to mitigate investment risk. Additionally, we help ensure compliance with all applicable regulations and maintain detailed plan documentation. By partnering with you, we aim to reduce your exposure to fiduciary liability and protect the interests of plan participants.
What is your fee structure for employer plan services?
Our fee structure is tailored to meet the specific needs of each client. We believe in transparency and fair pricing. Our fees are typically asset-based and can be paid by either the plan sponsor directly, out of the plan budget, or by participants from their account balances. If requested, we can offer services for a fixed annual cost. Factors such as plan size, complexity, and the level of services provided influence the final fee structure. We are committed to providing exceptional value and will work with you to develop a fee arrangement that aligns with your budget and goals. We invite you to schedule a consultation to discuss your specific needs and receive a customized fee proposal.
Frequently Asked Questions
What services do you offer for employer retirement plans?
We offer a comprehensive suite of services designed to optimize your employer retirement plan. Our expertise spans from plan review, design, and documentation to investment selection and oversight. We facilitate professional referrals and collaboration with trusted partners to provide holistic solutions. Our services also include administration and oversight, ensuring seamless plan operations. As your fiduciary, we provide Fiduciary Support to safeguard your plan and participants. To enhance plan performance, we offer plan benchmarking and RFP management. We prioritize participant education and engagement to foster financial well-being. Finally, our commitment to risk mitigation and liability reduction protects your company and employees.
How do you measure the success of a retirement plan?
We measure the success of a retirement plan by several key indicators. These include participant engagement and satisfaction, contribution rates, investment performance, and plan costs. We also assess the plan’s ability to help employees achieve their retirement goals. By tracking these metrics and benchmarking your plan against industry standards, we can identify areas for improvement and implement strategies to enhance its overall effectiveness. Ultimately, our goal is to create a plan that not only benefits your employees but also aligns with your company’s objectives.
Do You Only Work With Established Companies?
We work with companies of all sizes. From startups just getting off the ground to established enterprises looking to enhance their existing plans, we provide tailored solutions. For medium-sized and large companies, we offer expert guidance on streamlining operations and maximizing plan effectiveness. We even have experience with multiple employer plans, providing a comprehensive approach to retirement planning for diverse workforces.
What is your approach to participant education and engagement?
We believe that informed and engaged participants are essential to a successful retirement plan. Our approach focuses on providing clear and accessible information through a variety of channels. We offer educational webinars, and one-on-one consultations to address participants’ specific needs and questions. Additionally, we leverage technology to provide online resources, calculators, and tools for easy access to plan information. By combining these methods, we strive to empower participants to make informed decisions about their financial future.
How do you help companies manage fiduciary risk?
We help companies manage fiduciary risk through several ways. This includes conducting thorough plan reviews to identify potential vulnerabilities, implementing robust governance structures, outsourcing liability when possible, and providing ongoing fiduciary education. We assist in selecting qualified investment options and monitoring plan performance to mitigate investment risk. Additionally, we help ensure compliance with all applicable regulations and maintain detailed plan documentation. By partnering with you, we aim to reduce your exposure to fiduciary liability and protect the interests of plan participants.
What is your fee structure for employer plan services?
Our fee structure is tailored to meet the specific needs of each client. We believe in transparency and fair pricing. Our fees are typically asset-based and can be paid by either the plan sponsor directly, out of the plan budget, or by participants from their account balances. If requested, we can offer services for a fixed annual cost. Factors such as plan size, complexity, and the level of services provided influence the final fee structure. We are committed to providing exceptional value and will work with you to develop a fee arrangement that aligns with your budget and goals. We invite you to schedule a consultation to discuss your specific needs and receive a customized fee proposal.
Get a Free Consultation
The first step is a short, casual conversation to see if we can help.
Our calls are always relaxed and pressure-free.