Our team consults the retirement plan sponsor in order to meet primary plan goals, enhance financial wellness of plan participants, and minimize risk of a failed audit or potential lawsuit.

Sphere Retirement Plans works to be extremely efficient through process and technology, so we can deliver a level of service most clients never have access to, at a price at or below the market average. We provide a tailored approach that includes outlining all necessary fiduciary obligations and explaining the costs and benefits of outsourcing certain obligations to third party specialists.

 

We monitor the process through plan design, adoption, compliance, administration and reporting and build the necessary processes to ensure the plan is managed and maintained efficiently. We also provide a robust financial wellness program for employees, with on-site education, online replays, online education videos, and access to an experienced adviser when a participant has a personal question about their specific financial situation.

Offering a 401(k) plan has become complex and expensive, but it doesn't have to be. With the right partners, we can simplify, outsource responsibilities, and reduce costs for plan sponsors and participants.

plan design

  • Optimize tax efficiency and owner flexibility utilizing little known plan features and a unique plan design.

  • Determine owner liability and discuss benefits of using third party specialists to offset a significant portion of that liability onto an expert in that specific area.

  • Allow third party specialists to determine optimal design and deliver clear instructions for remaining functions.

compliance

  • As fiduciary consultants, we help our clients understand the responsibilities associated with offering an employer sponsored plan.

  • Utilize leading edge technology and current industry knowledge to optimize the plan's offering to participants.

  • Walk the plan sponsor through fiduciary process development, implementation, and execution.

  • Remove as much fiduciary obligation from the sponsor as necessary.

administration

  • Sphere establishes and walks the plan sponsor through an administrative and compliance calendar and coordinates meetings with the outsourced third party specialists.

  • Monitor and benchmark the outside specialist's capabilities and fee for service schedule.

  • Coordinate with outside specialists to make sure sponsor is fulfilling any remaining responsibilities and documenting process accurately.

investments

  • Remove the burden of investment selection and monitoring from the plan sponsor or investment committee and onto a named plan fiduciary with the tools and expertise to maintain best practices.

  • Organize investment manager due diligence reports for proper documentation of process execution.

  • Identify and select outside money managers if necessary and hold education meetings with plan participants to lay out the investment methodology and costs of any outside manager.

financial

wellness

  • Offer employees a financial wellness program with access to professional advice and industry leading technology.

  • On-site and simulcast seminars on financial literacy education.

  • Access to a library of replays, videos, articles, and general information on financial literacy.

  • Education around the employee's benefit options, their 401(k) plan investment options, and investment portfolio construction guidance.

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​​Sphere, LLC is a Registered Investment Adviser.  Advisory Services are only offered to clients or prospective clients where Sphere, LLC and its representatives are properly licensed or exempt from licensure.  Investing involves risk and possible loss of principal capital. No advice may be rendered by Sphere, LLC unless a client service agreement is in place. Additional information about Sphere, LLC also is available on the SEC's website www.adviserinfo.sec.gov

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