What Makes Us Different
What Makes Us Different
Why Choose Michigan Pension & Financial?
Primarily because we serve as both your third party administrator and financial advisor to your plan. This is a business model distinctively designed to service small – medium plans. Most plans are sold by an investment professional who then needs to find an administrator. We are both. This leads to both superior service and lower fees.
Superior service because...
“We are the factory.” We design the plan, implement it, administer it, and monitor it.
Lower fees because...
You are only paying one professional firm instead of two. That leads to economies of scale; which we pass on to you. As a result, our fees are significantly lower than the national average.
Our service is better since the right hand knows what the left hand is doing.
What’s the Michigan Pension & Financial Difference?
It really does matter who manages your retirement plan. Over the years, we’ve learned:
One size does not fit all.
Can a large plan administrator manage a small-business retirement plan? Sure, it can. But will that small business get lost in the crowd? Yes, it probably will. We serve clients who need us most, whether that’s a small business wanting to establish a retirement plan or a larger one looking for excellence in plan management and attention to detail.
Passing savings on to clients is good business.
Every penny we save a client is a penny for an employee’s retirement. And we pass on considerable savings because we serve as plan advisor and TPA, providing retirement plan design, implementation, administration, compliance and investment monitoring services. We know that average retirement plan costs for small businesses can be twice as high as those for larger plans. We can show you how to save and avoid that statistic.
Peace of mind is valuable.
We do many little things that many other firms do not do. For instance, we reconcile W-2 forms with investment statements so you can be confident employee contributions are correct. When necessary, we generate and submit 11(g) amendment forms (and don’t charge for them) so your tax deduction is maximized. And we don’t charge for annual contribution estimates, which gives your CPA greater flexibility. In fact, we’ll work as closely with your CPA as needed and desired. We know that attending to the details helps ensure your long-range goals are achieved.
What’s the Michigan Pension & Financial Difference?
It really does matter who manages your retirement plan. Over the years, we’ve learned:
One size does not fit all.
Can a large plan administrator manage a small-business retirement plan. Sure, it can. But will that small business get lost in the crowd? Yes, it probably will. We serve clients who need us most, whether that’s a small business wanting to establish a retirement plan or a larger one looking for excellence in plan management and attention to detail.
Passing savings on to clients is good business.
Peace of mind is valuable.
We do many little things that many other firms do not do. For instance, we reconcile W-2 forms with investment statements so you can be confident employee contributions are correct When necessary, we generate and submit 11(g) amendment forms (and don’t charge for them) so your tax deduction is maximized. And we don’t charge for annual contribution estimates, which gives your CPA greater flexibility. In fact, we’ll work as closely with your CPA as needed and desired. We know that attending to the details helps ensure your long-range goals are achieved.
Lower Cost.
Commitment to excellent service.
Integrated plan administration and investment management.
For the small business owner.
Lower Cost.
Commitment to excellent service.
Integrated plan administration and investment management.
For the small business owner.
