401(k) Retirement Plans
Sponsoring an employee retirement plan is an enormous responsibility. Plan rules are complex, and company oversight standards are high. If you are a business owner or defined contribution plan administrator, you need to know the answers to these important questions:
- Do you know what's in your retirement plan?
- Are you comfortable with how your retirement plan investment options are performing?
- Do you understand your key responsibilities and potential liabilities as a defined contribution plan sponsor
Sunflower Bank Wealth Management provides guidance and support with 401(k) retirement account plan design and consulting, investment consulting, plan administration and recordkeeping, and participant education. Our turnkey solution relieves your administrative burden, allowing you to delegate most of your fiduciary responsibility. Retirement planning may not be one of your corporate core competencies, but it is one of ours.
If you have a current plan, we start by analyzing it to provide a total cost benchmarking report that fulfills your obligation as a plan sponsor to review retirement plan expenses for reasonableness and mitigates your fiduciary risk. We’ll also review your current investment options to see how your plan assets have performed and if they provide a well-diversified portfolio. Finally, we’ll look out for any plan design changes that may enable owners and other key employees to substantially increase the level of tax-deferred retirement savings allowed by the plan.
Your Investment Choices. Our Expertise.
We’re pleased to offer a retirement plan solution designed to help participants achieve better outcomes and encourage employee contributions. A 401(k) retirement plan from Sunflower Bank Wealth Management offers access to an array of top-quality institutional investment products for your plan assets. A menu of investment choices are available to your participants, including risk-based model portfolios that have proven effective in achieving better outcomes. We emphasize low-cost investment options seeking to achieve better net returns to participants. Finally, we provide participant education and engagement programs to increase participation, enhance decisions, and raise appreciation for the plan.
Retirement planning for your team is our team’s specialty. Let us put it to work for you.
Investment and insurance products are not FDIC-insured, are not a deposit or other obligation of, or guaranteed by the bank or an affiliate of the bank, are not insured by any federal government agency and are subject to investment risks, including possible loss of the principal amount invested.