A 401(k) plan custom fit to your company

We help your company and your employees with the PROCESS OF INVESTING in your small business 401(k) plan. We serve as your fiduciary investment advisor.

Schedule A Call Our Pricing

Our approach to small business 401(k) plans

A successful small business 401(k) plan is threefold. It involves a great process of investing, plan administration, and participant outcomes.
PROCESS OF INVESTING
• Our role and goal is to lead and support a strong process of investing for your company and your employees.
10 Pieces to the
Process of Investing
PLAN ADMINISTRATION
• Your companies primary role is to execute on strong plan administration through what we call the 10 P's.
10 P's of
Plan Administration
PARTICIPANT OUTCOMES
• Choosing a recordkeeper that invests in technologies and behaviors that lead to better participant outcomes.
Positive
Participant Outcomes

What are 401(k) Triggering Events?

401(k) plans usually have a triggering event every 12 to 18 months.
Something happens where your company is now needing, willing, or wanting to make or discuss changes to the 401(k) plan.
Company Changes

  • Recent or upcoming changes

  • CEO, CFO, COO

  • Human Resources

  • Employee Benefits

Broken Process of Investing

  • Your Plan Advisor is MIA

  • Lack of value being delivered

  • Poor fund performance

  • No Regular Plan Reviews

Plan Administration

  • Payroll Uploads

  • Poor Payroll Integration

  • Overwhelmed with responsibilities

  • Low participation rates

Plan Design Issues

  • Eligibility

  • Failed Testing

  • Matching / No Safe Harbor

  • Profit Sharing

Poor Participant Outcomes

  • Lack of education and engagment

  • Little to no support for your employees

  • No "Retirement Coach" helping people

  • No Financial Wellness and Holistic service

How we help your small business 401(k) plan

We pride ourselves in our primary role of helping you with your process of investing withing your small business 401(k) plan. We also help to ease your plan administration burdens and support positive participant outcomes.
Your Fiduciary Plan Advisor

  • We serve as the fiduciary investment advisor of your plan and build a strong process of investing foundation.

Select Your Investments

  • We build an appetizing investment fund menu and select all the funds that will be available in your 401(k) plan.

Set up a Default Fund

  • The QDIA ensures any participant who doesn't pick an investment is still invested through the use of Target Date or Balance Funds

Meet Regularly

  • We meet with your company about every 120 days for investment reviews on how your plan is doing and being utilized.

Education and Engagement

  • We host annual enrollment and education meeting for your employees and are always available to meet 1 on 1 as well.

Sound Investment Guidance

  • We are always a fiduciary to the plan, doing what is in the plan and participants best interest.

Investment Policy Statement

  • We build the IPS and serves as the blueprint for how the overall process of investing will be handled and keeps us accountable

Performance Monitoring

  • We monitor all funds in the plan and make recommendations as needed, not allowing poor funds to stay in the plan.

Plan Benchmarking

  • Conduct annual benchmarking for your plan. Ensuring you are getting a fair deal for the services..

Our 401(k) Process

We have a proven 5-Step process to ensure a smooth and successful experience. Here is a quick look:

Discovery Meeting

In Person or Digital Meeting
30-60 minutes

  • An in-depth discussion to understand you companies unique needs, goals, and pain points
  • Gather basic plan information and start building a solid foundation
  • If it makes sense, we schedule a plan presentation meeting
Schedule a Discovery Meeting

Plan Presentation

In Person or Digital Meeting
45-60 minutes

  • Present initial proposals to meet your specific needs
  • Present our proposed fund line-up and how improve plan
  • Answer your questions, concerns, and thoughts
  • Discuss the next steps if it makes sense to proceed

Plan Transfer / Set Up

Call, Emails, and In-Person
75-100 Days

  • Put all the pieces together through weekly calls/ emails
  • Plan Design is built exactly to your liking
  • Sign all necessary fee disclosures and agreements
  • Host employee education and enrollment meetings
  • Payroll Integration and Payroll Set Up
More Details

Plan Goes Live

  • Upload your first payroll
  • Get familiar with your plan sponsor website and daily flow
  • Work closely with all partners to answer any questions and concerns
  • We provide you with our Welcome Packet
More Details

Ongoing Support

Hopefully forever

  • Education and Enrollment Meetings ( 1x per year minimum )
  • Plan Investment Reviews ( every 120 days )
  • As needed, for you and/or your employees to answer questions and support needs
  • Always feel informed, educated, and supported
Ongoing Support

Our Pricing

is clear, transparent, and dependent on your 401(k) plan size

.33% per year

Plans under $10 Million
Basis Point Fee Only
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*$4,000 minimum annual fee*

Custom Pricing

Plans over $10 Million +
Flat Fee or % of plan assets

If you decide to have our fee paid through plan assets it must be paid quarterly. Each quarter you pay 1/4th your annual fee (.0825%)

If your company pays our fee directly (as a business expense) it can be paid either annually, quarterly, or monthly.

Is your small business 401(k) plan successful?
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Brent Forrest & Associates, LLC. dba Wela Financial Advisory (Wela) is a registered investment adviser. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein.
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Wela Financial Advisory
366 W Sunset Rd, Building 4
210-530-9599
San Antonio, TX 78209

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