That’s what our clients keep telling us they get from working with us.  We help our clients build confidence that they are on pace to reach their goals; Confidence that they are invested correctly and that they are employing the behaviors that are going to result in them achieving their goals. At Oak Road Wealth Management in the Kansas City area, we offer small business retirement plans for companies of various sizes.

We work with you to build a financial plan that takes into account the savings you’ve accumulated thus far, your current savings rate and your retirement goals.  We help you determine your probability of success of achieving all of your goals and if it’s not as high as you like, work with you to help you close the gap.  Once you’re retired, we help you manage your retirement income strategy and build your own paycheck as a combination of social security, pensions, investments etc.  Together, we’ll regularly monitor and review your financial plan and help you manage your investments in a manner that reflects your needs.

Oak Road Wealth Management is a fee-only Registered Investment Advisory firm.  We are fiduciaries which means we are required to act in the best interests of our clients ALL THE TIME.  Our only compensation comes from the transparent fees we agree upon with you.  We do not receive any form of non-transparent compensation from your plan or benefits.  We also do not accept any fees, kickbacks, or any other form of compensation from any plan service providers or from any other party.

The costs associated with operating a small business retirement plan in the Kansas City area have become much more competitive over the last several years because of better technology and increased competition.  If you haven’t benchmarked your plan costs within the last couple of years, it is likely that there is a way for you to reduce costs.  Understand that retirement plan pricing can be complex and is often non-transparent. Fees are often layered and ‘baked-in’ to the investment products in the plan.  At Oak Road Wealth Management, we can help you understand all of the non-transparent fees for managing your Kansas City area small business’ retirement plans and help you determine if you are getting good value for the cost.

Oak Road Wealth Management is proud to offer a comprehensive range of retirement plan services including:

Helping you determine what kind of retirement plan is right for your business

Plan types include:

• Defined Contribution and/or Defined Benefit plans
• SEP IRA, SIMPLE IRA, Payroll Deduction IRA, Self-Employed 401(k), 401(k) Plan (with Roth option), 403(b) Plan, Profit Sharing and more
• Assisting you with plan design and selecting plan features
• Helping you select service providers including:
  • Recordkeeper
  • Third Party Administrator
  • 3(21) and 3(38) fiduciary services partners

Oak Road Wealth Management is a fee-only Registered Investment Advisory firm.  We are fiduciaries which means we are required to act in the best interests of our clients ALL THE TIME.  Our only compensation comes from the transparent fees we agree upon with you, the plan sponsor.  We do not receive any form of non-transparent compensation from the plan or its participants.  We also do not accept any fees, kickbacks or any other form of compensation from any plan service providers or from any other party.

As a small business employee retirement plan sponsor in the Kansas City area, it is important to understand the fiduciary responsibilities placed upon you and your employees.  The Employee Retirement Income Security Act (ERISA) protects your plan’s assets in part by subjecting anyone who has authority or responsibility for the administration of the plan to a fiduciary standard.  This can also include your financial advisor and other service providers to the plan.  For key officers of your leadership team, there is no way to fully absolve yourselves of some of these fiduciary responsibilities.  Therefore it is incumbent upon your Kansas City area small business, the employee retirement plan sponsor, to understand your responsibilities and hire partners to help you understand and manage these responsibilities.  We can help you better understand your fiduciary responsibilities and help you take steps to protect yourself.