A boutique, relationship-based consulting firm who tailors employee benefit, human capital, and group retirement plans based on your company’s strategic, industry, and competitive requirements.
Arcwood ConsultingTM understands offering a comprehensive benefits package is important to attract and retain the best available talent for your business. Our goal is to be your trusted adviser to guide you and your staff through the complexities of the healthcare industry and create a lasting benefits package that your employees understand and appreciate.
Employee interactions in the workplace can, at times, become complicated. Arcwood takes the guesswork out of your day-to-day staff operations and HR compliance issues, so you have time to focus on everything else your job requires of you.
Businesses of all sizes are recognizing the growing challenge of complying with complex, rapidly-evolving employment laws as well as the potential legal and financial consequences of noncompliance. Arcwood can provide you with the tools and guidance needed to become, and stay, compliant. Our team can assist in making sure your employees are classified correctly and ensure your policies and notices are current.
401k/Group Retirement plans
Arcwood Consulting specializes in company sponsored retirement plans such as 401(k), 403(b), Defined-Benefit and many other executive compensation or nonqualified plans. Our mission is to increase participant retirement success and investment understanding while clearly managing financial risk. Services are tailored to meet the specific and ever changing regulatory exposure and participant needs facing our clients.
Retirement Consulting services are performed through Arcwood Financial LLC., offering Securities through UNITED PLANNERS FINANCIAL SERVICES Member: FINRA SIPC and Advisory Services offered through Arcwood Financial LLC. a registered Investment Advisory Firm. Arcwood Financial LLC. and United Planners are independent companies and are not affiliated.
It has been our experience working with business owners, HR teams, finance departments and benefit committees there are independent visions on how benefit plans work and should work for the company. We work with leadership to develop benefit plans which balance the needs of the team members. Something you should expect from any adviser, consultant or agency group.
PHILOSOPHY 1: EMPLOYEES NEED HELP
You can have the best 401k or Health and Welfare plan, but employees still often fail to take action, start saving too late or make other errors which could affect their future. Yes, your employees are responsible adults, however, they are also human and humans can procrastinate, give in to fear, and sometimes make poor decisions. We believe business owners and executives, coupled with fiduciary consultants, should use their position and the tools at their disposal to take the lead in helping employees navigate the turbulent seas of retirement and health and welfare benefit plans. Helping your employees to understand your company’s commitment to their health, happiness and retirement is a critical component of any program.
PHILOSOPHY 2: REMEMBER YOUR PLAN IS THE BEST PLAN YOUR EMPLOYEES WILL EVER HAVE.
Employers expend substantial time and resources designing benefits packages to help attract and retain a strong workforce. The most successful benefits programs depend upon your participants understanding how to receive the best value of your benefits plan. A retirement plan with or without a match, insurance which is employer paid or voluntary; employees need to be educated on the benefits your plans provide and never be allowed to think they are not enough to take advantage of. Preparing your participants with the understanding of how to best utilize your benefits plan adds to the confidence they need when taking care of themselves or a loved one in the future.
PHILOSOPHY 3: FINANCIAL LITERACY AND BENEFIT UNDERSTANDING MATTERS.
Benefits literacy builds confidence and understanding to navigate very complex systems at a critical time. By providing ongoing education and resources for participants before, during, and after active use of your benefits plan can help reduce frustration, anxiety, and help increase productivity.