A wheel of retirement services

Administering retirement plans has been found to be one of the most challenging aspects of the financial industry.

The team at CenterCoast Private Wealth Management has worked diligently to develop a process that helps educate fiduciaries and participants as they save for retirement.

Best Practices

1. Each plan receives a file to consolidate files and create a process for:
  • Plan documents
  • Investment policy statement
  • Investment review
  • Fee review
  • Participant education
  • Documenting 404(c) compliance
  • Meeting minutes
  • Participant issues
  • Benchmarking
  • Form 5500 documents
2. Each plan satisfies a year-end fiduciary checklist to document compliance of 404(c) regulations

3. If the current plan is not a proper fit for the organization, we will perform the due diligence to evaluate a more appropriate plan

Moving the Needle: Practical Education

1. Most plan participants are in need of understandable education regarding:
  • Investment concepts to help preserve savings
  • Savings necessary to replace current income
  • Identifying unseen roadblocks of which to be aware
2. We will evaluate success measures to help improve retirement readiness:
  • Deferral rates
  • Employee participation
  • Average account balances
  • Fees
CenterCoast Private Wealth Management

Investment and Insurance Products are:

  • Not Insured by the FDIC or Any Federal Government Agency
  • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
  • Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested

This information is intended for use only by residents of (AL, AR, AZ, CA, CO, DC, FL, GA, HI, IA, ID, IL, IN, KS, KY, MA, MD, MI, MN, MO, NC, ND, NV, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI). Securities-related services may not be provided to individuals residing in any state not listed above. Please consult with the FA as s/he may not be registered in all states.

For parties residing outside of the U.S., this information is: (i) provided for informational purposes only, (ii) not and should not be construed in any manner as an offer to participate in any investment or to buy or sell any securities or related financial instruments, and (iii) not and should not be construed in any manner as a public offering of any financial services, securities or related financial instruments. Products and services listed may not be available, or may have restrictions, depending on client country of residence.

Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN). Wells Fargo Advisors is the trade name used by Wells Fargo Clearing Services, LLC and WFAFN, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. Any other referenced entity is a separate entity from WFAFN.

Insurance products are offered through nonbank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.

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