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Our Story

One of the key assets of any bank are its employees. It’s becoming harder to find and keep the right talent in every industry, banking is no exception. Bankers’ Wealth Management is here to help by introducing a solution that gives community banks a resource to assist in managing your current retirement plan and educating your plan participants.

We are not just retirement plan specialists. We are community bank plan specialists. Our team has experience with retirement plan related functions such as: Plan Design, Fiduciary Support & Plan Compliance, Investment Monitoring  and Participant Education. 
Our passion is building stronger community banks by assisting with crafting retirement plans that: 

  • Recruit the right people
  • Retain key personnel
  • Retire participants successfully
This Is About&#160;<em>YOU</em>, Not About Us

This Is About YOU, Not About Us

As with all of our Bankers’ Bank solutions, our priority is your bank. By partnering with Bankers' Retirement Partners, we will assist in providing you with fiduciary and education support for your committee and plan participants in addition to assisting with plan design, investments and fees. We strive to partner with you to ensure that your retirement plans are in top form, your plan participants are educated and you staff is maximizing the support from your outside recordkeeper/ TPA at the most reasonable price afforded by the industry.

The Bankers' Retirement Partners Solution

As your plan specialists, we will guide you through our four-step process to build a plan that not only strives to be efficient for you bank, but effective at driving better retirement outcomes.

Plan Design Consultation

Plan Design Consultation

Every company and employee is unique. Your retirement plan should be as well. We’ll take the time to identify your goals and construct a handmade plan to drive optimal retirement outcomes. Your plan will not be a “set it and forget it” plan, as those typically lead to poor participant success. Your plan design is a moving target, and as your company demographics change, we’ll be there every step of the way.

Our approach includes: 

Plan design, including alternative plan design options    

Plan optimization aimed to retain and recruit key talent   

Efficient implementation of any and all regulatory changes that may impact your plan

Strategies to increase participation and improve participant retirement readiness outcomes

Fiduciary Support &#38; Plan Compliance

Fiduciary Support & Plan Compliance

As a Plan Sponsor and a plan fiduciary, you have certain responsibilities, intended to protect the plan's participants and beneficiaries, which were established by ERISA and monitored by the DOL. Bankers' Retirement Partners offers several services that can help you understand these responsibilities and help you manage your retirement plan.

Our fiduciary services include:

3(21) or 3(38) investment fiduciary

Policy and procedure development

Plan committee education

Plan Sponsor support that includes best practices regarding required notices and record retention

Regular market appraisals and benchmarking

Regulatory and legislative updates

Investment Support &#38; Benchmarking

Investment Support & Benchmarking

As Plan Sponsor, you are responsible and liable for constructing and monitoring a fund lineup for your participants.  At Bankers’ Retirement Partners, we not only guide you in these responsibilities, but provide support to assist you with the most important – participant outcomes. We’ll assist with developing a custom investment strategy that addresses the expectations of your participants, provides ongoing monitoring of plan investment options, and seeks tactics to minimize fiduciary investment risks.

Bankers’ Retirement Partners assists plan sponsors with:

Qualified Default Investment (QDIA) selection and monitoring

Investment Policy development and implementation support

Target Date Funds and Stable Value Fund reviews

Independent investment analysis that monitors performance and expenses

Participant Outcome

Participant Outcome

All participants need some level of financial guidance. If no one takes the time to educate, coach and inform participants about their options, employees may make preventable mistakes - if they even participate at all. Bankers' Retirement Partners educate participants and provide them guidance to make suitable investment choices.

Our participant experience includes:

On-site and virtual enrollment assistance and education

Group education meetings

Articles, newsletters and videos

Optional 1-on-1 meetings for individual financial coaching that are offered onsite or virtual

To request additional information, please reach out to 800-937-5527 or email brp@lpl.com.

*This information was developed as a general guide to educate plan sponsors, but is not intended as authoritative guidance or tax or legal advice. Each plan has unique requirements, and you should consult you attorney or tax advisor for guidance on your specific situation. In no way does advisor assure that, by using the information provided, plan sponsor will be in compliance with ERISA regulations.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC).  Insurance products are offered through LPL or its licensed affiliates. Bankers’ Bank and Bankers’ Retirement Partners are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Bankers’ Retirement Partners, and may also be employees of Bankers’ Bank.  These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Bankers’ Bank or Bankers’ Retirement Partners.  Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any

Other Government Agency

Not Bank

Guaranteed

Not Bank

Deposits or Obligations

May Lose

Value


Bankers' Bank provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services.  Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html 

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