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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 new solution that gives community banks an 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 extensive background in the major retirement plan related functions such as: administration, compliance, recordkeeping, and custody. Most notably, we have intimate experience in working with and for community banks. Our passion is building stronger community banks by assisting with crafting retirement plans that:  Recruit the right people, Retain key personnel, and 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 Guidance

Every company and employee is unique. We believe your retirement plan should be as well. At BRP, a safe harbor plan is a last resort. We will take the time to identify your goals to construct a handmade plan ultimately meant to drive optimal retirement outcomes. All too often is this a set it and forget it approach which consequently may lead to poor participant success. Your plan design is a moving target and as your company demographics change, we will be there every step of the way.

Our approach can assist with the goals of:

  • Retaining, recruiting, and rewarding key talent
  • Identifying potential FICA tax savings
  • Optimizing flexible employer contributions
  • Analyzing Safe Harbor contributions
  • Increasing participation

Fee Structure

It is no secret anymore that increasing your participants’ success starts with fees. Our goal isn’t to just help you negotiate the most inexpensive option, but rather only pay for what you and your participants truly need. There are many vendor tools to help drive participant utilization and success, many of which, are pitched to sponsors as an absolute necessity. Do not be sold something that your participants will never use or benefit from.

Rely on us to:

  • Research investments that keep overall expenses low
  • Research plan tools that will strive to have a positive impact on participant lives
  • Benchmark plan providers and recommend changes when necessary
  • Be fully transparent with fees

Investment Support

As plan sponsor, you are not only responsible, but also liable for constructing and monitoring a fund lineup for your participants. At BRP, we not only guide you in these responsibilities, but provide support to assist you with the most important – participant outcomes. We will assist with developing a custom investment strategy that addresses the expectations of your participants, provide ongoing monitoring of plan investment options, and seek tactics to minimize fiduciary investment risks.

BRP can assist plan sponsors with:

  • Vetting Target Date Funds & Managed Account solutions
  • Selecting & Deselecting investment options
  • Monitoring fund fees and performance

Education & Fiduciary Support

All participants need some level of financial guidance. If no one is taking the time to educate, coach, and inform participants about what their options are, employees may make preventable mistakes – if they even participate at all. BRP is willing to be a educate your participants and provide them guidance on how to select the best suitable retirement investment options.

Our plan sponsor and participant experience includes:

  • On-site Education & Enrollment Support 
  • One-on-one Advisor Assessment and coaching
  • Individual financial planning
  • Provide ongoing investment and financial education
  • Easy-to-understand descriptions

For a full overview and to request additional information, please reach out to Bankers’ Wealth Management

*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 NCUA or Any Other Government Agency | Not Credit Union Guaranteed | Not Credit Union Deposits or Obligations | May Lose Value

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