Synergy Asset Management

Business ConsultationEmployee BenefitsRetirement Planning

Case Study: Bob Parker hates his retirement plan

bigstock-Retirement-fund-34712696Bob Parker, a Seattle business owner who owns two companies with hundreds of employees, came to us recently to tell us he hated his retirement plan. Bob had purchased a 401(k) plan from another firm a few years ago, and he was very dissatisfied with it. The 401(k) plan was fee heavy and had underperformed, failing to meet Bob’s objectives. We told Bob that we could make changes to the plan to correct the situation, but he wasn’t interested in that solution. He wanted to dump the plan, so we terminated it and the plan administrator issued payouts to the plan participants.

Starting with a clean slate, we talked with Bob about his firms’ finances and future goals. Based on Bob’s answers to key questions, Synergetic Finance’s retirement planning experts custom designed two plans, one qualified and one nonqualified, for Bob’s consideration. Bob is still mulling over his choices, but once he selects the retirement plan that best suits his needs, we’ll work with Bob and the necessary people to get the plan set up and implemented.

Unlike a lot of retirement planning firms, we do not have “a dog in the race,” so our advice is 100% objective. In other words, Synergetic Finance serves Bob and clients like him as plan advocates and investment managers. We don’t represent a specific company with one-size-fits-all retirement plans and investment options. We represent the client, and we get paid the same regardless of which plan or investment options an employer chooses. We aren’t paid on a commission basis reliant on a product sale. Instead, we are here to help the business owner meet his or her goals, period.

If you’d like to work with a retirement plan advocate rather than a salesman, call us at 206-386-5455 or email us today for a no obligation consultation. We can help you revise your current plan or create one from scratch to meet your goals just like we helped Bob Parker.

To your wealth,

President of Synergetic Finance

Joe Maas

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