Skip to main content

Planning for everyone's future.

As a business owner, you understand the importance of providing a corporate retirement plan to attract and retain great employees and help them achieve retirement readiness. However, the idea of managing the compliance and legal requirements of a retirement plan can feel overwhelming to any business owner and their financial and HR executives.

At First Western Trust, we recognize that your time and your executives’ time is better spent focusing on building, growing, and managing your business. Our retirement consulting team partners with you to make sponsoring your retirement plan as simple as possible.

Our Retirement Consulting Team is made of up of the best minds in the business, and our consultative approach to plan design allows us to build corporate retirement solutions that are tailored to your company’s specific objectives.

Hear from our
thought leaders.

Meet Paula Hendrickson
Director of Retirement Consulting Services

Partnering with Our Retirement Consultants

We begin our process by reviewing your goals—what you <strong>want our retirement consultants to accomplish<strong>, any special needs your organization may have, and cost considerations. We understand that each organization has their own benefits budget and priorities, so we take a look at your objectives and structure our tools, such as corporate retirement plans, health savings accounts, and even debt repayment programs, around your company, your employees, and your executives.

Once the right corporate retirement plan design has been implemented, we provide you with the expertise of our retirement consulting team to stay in compliance with ERISA regulations. Through our flexibility and innovative problem solving we provide you with peace of mind that your plan is on the right track, and achieving your objectives.

Our Corporate Retirement Solutions

Our Retirement Consultants offer creative corporate retirement plan design solutions for:

As a named fiduciary on your plan, we offer the following services:

Fiduciary Liability Management

  • Named fiduciary
  • Investment Policy Statement management
  • Education to Plan Sponsors on fiduciary duties
  • Investment opportunity optimization
  • Investment Policy Statement
  • Investment options
  • Diversification
  • Periodic review
  • Suggested replacements for underperforming funds
  • Managed models
  • ERISA 3(38) plan protection and benchmarking

Holistic Retirement Planning

  • Health Savings Account Services 
  • Plan design and analysis
  • Vendor search
  • Cost and service analysis
  • Implementation coordination
  • Third Party Administrative (TPA) services
  • Customized employee education

We also provide corporate retirement solutions through:

  • Health savings accounts (HSA) investment advisory
  • Third-party administrative services, where we provide guidance on even the most complex matters that arise from sponsoring a corporate retirement plan
  • Feasibility studies
  • Monitoring and advising on DOL and IRS regulatory changes
  • Compliance audits/examinations
  • Controlled group and affiliated service group analysis
  • Plan terminations
  • Audit assistance
  • Compliance issue corrections

Our retirement consultants prepare quarterly reviews of marketplace trends (investments, administration, regulatory, and litigation) for your company and provide periodic plan benchmarking to validate fees and services provided to the plan. We are also happy to attend board and committee meetings and provide an annual fiduciary audit to help reduce your fiduciary risk.

The Difference Our Retirement Consultants Make

When you work with First Western Trust to design your corporate retirement plan, you gain access to the best minds in the retirement consulting business. Our team has been nationally recognized by the National Association of Plan Advisors and our leadership regularly contributes to publications like MarketWatch and Entrepreneur.com.

In addition to our expertise, our retirement consulting team is supported by our Investment Policy Committee, which is made up of 5 leading investment professionals who support our retirement consultants in building and monitoring the investment models that we use to help you and your employees reach retirement readiness.

We serve as a 3(21) and 3(38) fiduciary. This means that we provide the highest level of fiduciary protection to our clients, helping to mitigate your risk as a business owner or executive named on the plan documents. By providing clear, documented processes and procedures, we give you great corporate retirement solutions, while protecting your company in case of audits.

Finally, our team is committed to providing superior employee education. While many companies offer only a certain number of educational events, we build our services around your needs, meeting with your employees as frequently as you would like so they are equipped with the knowledge, motivation, and tools needed to build a successful corporate retirement plan. We offer in-person presentations, webinars, one-on-one meetings, as well as market and economic reviews to plan participants.

Customized Group Education PresentationsTopics

  • Retirement planning
  • Understanding investments
  • Coping with volatile markets
  • Budgeting
  • Regulatory updates

Through our education services, fiduciary expertise, and investment knowledge, we deliver a unique platform that allows you to effectively and efficiently provide a compelling benefits package for your employees, while helping you manage your risks.

 

What risks exist in your retirement plan? Get a custom analysis of your company’s retirement plan and find out which areas you should improve. Fill out the form below or reach out to Paula Hendrickson, director of retirement consulting services, at 303.634.2721.



Investment and insurance products and services are not a deposit, are not FDIC- insured, are not insured by any federal government agency, are not guaranteed by the bank and may go down in value. First Western Trust Bank cannot provide tax advice. Please consult your tax advisor for guidance on how the information contained within may apply to your specific situation.