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Retirement Plans

Vineyard

What's included with Fruit of the Vine Financial's retirement plan services?

We work with you to determine which type of retirement plan best suits your needs and those of your business, and we help you through the set-up process. Common types of retirement plans for businesses include a SEP, SIMPLE, 401(k), Solo 401(k), or Safe Harbor 401(k). If needed, we provide ongoing fiduciary advisory services after the plan is up and running. For a 401(k) or Safe Harbor 401(k), this includes service as either a 3(21) or 3(38) fiduciary. Ongoing service includes quarterly plan investment analysis with results reported to the 401(k) plan sponsor.

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Can Biblically Responsible Investing (BRI) funds be included as an investment choice in a 401(k) plan?

Yes. If the business owner/plan sponsor desires, BRI funds can be included among the list of funds available for plan participants to choose from. BRI fund choices will not automatically be included in the fund lineup and will be added only at the request of the plan sponsor. These funds would not replace any general funds, but would simply be an addition to the lineup. We aim to provide all plan participants with suitable plan investment choices.

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How much does Fruit of the Vine Financial charge to help set up a retirement plan and/or provide ongoing fiduciary advisory services?

We charge a flat fee to help set up the plan and a separate flat rate for ongoing advisory services if needed. The rate varies depending on the size of the plan, the type of plan selected, and the complexity of the plan. All fees will be discussed ahead of time, presented in a written proposal, and confirmed by contractual agreement before service starts.

 

For a 401(k) or Safe Harbor 401(k) plan, which are subject to ERISA, two levels of fiduciary advisory services are available: 3(21) plan consulting services, or 3(38) plan management services.​   â€‹â€‹â€‹â€‹â€‹â€‹â€‹

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Fruit of the Vine Financial, LLC (FOTVF) is a registered investment adviser offering advisory services in the States of Texas and Minnesota and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by FOTVF in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant an applicable state exemption. All written content on this site is for information purposes only. Opinions expressed herein are solely those of FOTVF, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties' informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel prior to implementation.

©2023 by Fruit of the Vine Financial

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