McKay Wealth Management

CONNECT

Address:

6000 Southcenter Blvd, Suite 70
Tukwila, WA 98188

Phone:

206.973.4488 ,800.575.9040

Fax/Other:

866.773.8304

Retirement Plan Services

We work with retirement plan sponsors to create custom models of Plan Level Services and Participant Level Services. 

Our goals are to help plan sponsors reduce fiduciary liability and to increase employee participation and retirement readiness, all at an efficient cost.

Plan Design Consulting – Our focus is maximizing benefits for participants and owners while helping to minimize expenses and liabilities.  We review the plan design based on the plan objectives and benchmark against other plans in your industry.  If necessary, we make design change recommendations that would optimize the benefits for plan sponsors and participants.

Investment Policy Statement – Creation and management of a formal prudent investment management process is crucial to every 401k plan.  We provide recommmendations to help you select, monitor, and if necessary, replace the funds available in the contract.

Investment Analysis & Selection – We utilize the Fi360 Fiduciary Score® analysis – a robust Investment Analyzer that facilitates the search for best-in-class investments, providing you the research to select funds that are free of bias and conflicts of interest.

Monitor Fiduciary Risks — We provide fiduciary training for plan sponsors, keep trustees informed of regulatory updates and make recommendations to help you meet your fiduciary responsibility.

Investment Committee Management – We assist you, the plan sponsor, in meeting your obligations to plan participants, and DOL requirements, helping to minimize fiduciary liabilities.

Fee Disclosure – We conduct analysis of plan fees and expenses to help you provide plan participants and plan fiduciaries complete, transparent disclosure of fees charged by all plan service providers.

Vendor Benchmarking – We support your requirement to maintain plan vendor fees that are “reasonable” through research and benchmarking to plans of similar size, and by obtaining competitive bids.  We assist you with analyzing proposals to make the best decision for the Plan and participants.

 

McKay Wealth Management provides diversified investment choices and education services to empower employees who choose to take a more active role in their financial future. 

Enrollment Meetings - Educate and promote plan participation.

Retirement Readiness - Offer employee programs to encourage early plan participation and the importance of increased deferrals to assist them in achieving their financial goal as it pertains to retirement.

Customized Participant Education - Analyze your employee demographics to deliver topics that fit their needs through group meetings and web-based interaction.

 

The Employee Benefits Security Administration of the Department of Labor is responsible for administering and enforcing the rules and regulations for Qualified Plans.  For more information on all things retirement, please visit their website by clicking their logo: