Retirement Plans

Retirement Plan Services

We help businesses manage their retirement plans—from plan design and implementation to investments and education.

Plan Design and Implementation

Thinking about offering retirement benefits for the first time? Looking to have your existing plan evaluated? We’re here to help.

We'll work closely with you to develop and implement a retirement plan that makes sense for both your business and employees. We offer plans for both private and public sectors, including:

• Defined Benefit Plans (i.e. traditional pension plans)
• Defined Contribution Plans
• 401(k) Plans, including Profit-Sharing Plans and Safe Harbor 401(k) Plans
• 403(b) Plans
• Money Purchase Plans
• 457(b) Plans

Working with Your Employees

A successful retirement plan needs well-informed employees.

We’ll provide your employees with the information they need to understand their benefits and make smart decisions for their retirement. Our fully-engaged, knowledgeable consultants can walk your employees through every step of the process. We can provide:

• Enrollment assistance
• In-person retirement and financial education presentations
• One-on-one employee consultations

Participant and Plan Sponsor Education Center

Retirement planning can be a challenge for both plan sponsors and retirees. To help you plan, we’ve created this list of useful resources, including websites, FAQs, and more.

Plan Sponsors

Both the 401(k) Help Center and the Department of Labor websites contain a wide variety of articles and tools for plan sponsors. From the DOL website, you can go directly to the Employee Benefits Security Administration, which has additional publications about retirement plans.

• 401khelpcenter.com
• dol.gov
• dol.gov/agencies/ebsa
• dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/publications

Plan Participants

We’ve been asked a lot of questions by participants in our more than 20 years of retirement planning. So, we put together a list of the most commonly asked questions.

With so many investments to choose from, you need the right mix to build enough savings that will last through a long retirement. Learn how a target date fund can help you achieve that goal.

The Department of Labor offers tool kits and articles about preparing for retirement on their site. We’ve also included links to the Social Security Administration and AARP websites, which all retirees should reference.

• dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/publications/top-10-ways-to-prepare-for-retirement.pdf
• dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/publications/retirement-toolkit.pdf
• ssa.gov
• aarp.org/retirement/social-security/

The Northwest Difference

Experienced, dedicated retirement plan consultants: Our dedicated employee benefits team is focused on one thing—helping businesses design and manage successful retirement benefit plans in the most simple, convenient, and efficient way possible.

Our strategy centers around you: To help you implement a quality retirement plan, our consultants will work to understand your goals and your employee’s needs and expectations.

Plan costs to fit your needs: Our competitive fees are transparent and easy to understand. We’re here when you need us: Both you and your employees can connect with your local Northwest Bank employee benefits consultant any time you have a question —we will never direct you to a call center.