Tom Carter

Retirement Plan Fiduciaries, LLC.

Tom Carter is the owner of Retirement Plan Fiduciaries. He has been working with qualified retirement plans since 1987. Over his career he has worked in the following capacities: · Fiduciary · Investment Advisor · Actuary · Record Keeper · Third Party Administrator · Consultant · Employee educator – having done over 1,000 meetings in his career Tom likes to pride himself on knowing both the investment side and the plan qualification side of the business. This allows him to take a holistic approach to retirement plan consulting. Tom has worked for: · ML&R Wealth Management, a wholly owned subsidiary of Maxwell, Locke & Ritter · Plan Data, which was bought by Invesmart, which was later bought by Standard Insurance · Howard Johnson & Co, a retirement plan consulting firm bought by Merrill Lynch Tom graduated from Cal Poly Pomona with an Applied Mathematics degree in 1987. He also served in the United States Marine Corp from 1981 to 1987. Tom is married to his college sweetheart, Sue, and has three kids, Alicia, Robyn and Patrick. He loves to coach youth sports and golf in his spare time.

Connect with Tom Carter



Email Tom Carter tom@rpftx.com

About Tom Carter

Retirement Plan Fiduciaries, LLC.

Tom Carter is the owner of Retirement Plan Fiduciaries. He has been working with qualified retirement plans since 1987. Over his career he has worked in the following capacities: · Fiduciary · Investment Advisor · Actuary · Record Keeper · Third Party Administrator · Consultant · Employee educator – having done over 1,000 meetings in his career Tom likes to pride himself on knowing both the investment side and the plan qualification side of the business. This allows him to take a holistic approach to retirement plan consulting. Tom has worked for: · ML&R Wealth Management, a wholly owned subsidiary of Maxwell, Locke & Ritter · Plan Data, which was bought by Invesmart, which was later bought by Standard Insurance · Howard Johnson & Co, a retirement plan consulting firm bought by Merrill Lynch Tom graduated from Cal Poly Pomona with an Applied Mathematics degree in 1987. He also served in the United States Marine Corp from 1981 to 1987. Tom is married to his college sweetheart, Sue, and has three kids, Alicia, Robyn and Patrick. He loves to coach youth sports and golf in his spare time.

What Makes a Good 401(k) Plan?

by Tom Carter

Retirement Plan Fiduciaries, LLC.

Tom Carter is the owner of Retirement Plan Fiduciaries. He has been working with qualified retirement plans since 1987. Over his career he has worked in the following capacities: · Fiduciary · Investment Advisor · Actuary · Record Keeper · Third Party Administrator · Consultant · Employee educator – having done over 1,000 meetings in his career Tom likes to pride himself on knowing both the investment side and the plan qualification side of the business. This allows him to take a holistic approach to retirement plan consulting. Tom has worked for: · ML&R Wealth Management, a wholly owned subsidiary of Maxwell, Locke & Ritter · Plan Data, which was bought by Invesmart, which was later bought by Standard Insurance · Howard Johnson & Co, a retirement plan consulting firm bought by Merrill Lynch Tom graduated from Cal Poly Pomona with an Applied Mathematics degree in 1987. He also served in the United States Marine Corp from 1981 to 1987. Tom is married to his college sweetheart, Sue, and has three kids, Alicia, Robyn and Patrick. He loves to coach youth sports and golf in his spare time.

401(k) Retirement Plans are fast becoming the primary source of savings for people to be able to retire. This makes it imperative that the Plan is “good,” but how should we define “good” for small plans? Every employer that sponsors a plan is different, as is every employee that participates in the plan. What makes a great plan for the employee may make it expensive for the employer. All of these items need to be considered when setting up or modifying a 401(k) plan.

Topics: Business Operations, Content Type

Service Providers in the 401(k) Marketplace

by Tom Carter

Retirement Plan Fiduciaries, LLC.

Tom Carter is the owner of Retirement Plan Fiduciaries. He has been working with qualified retirement plans since 1987. Over his career he has worked in the following capacities: · Fiduciary · Investment Advisor · Actuary · Record Keeper · Third Party Administrator · Consultant · Employee educator – having done over 1,000 meetings in his career Tom likes to pride himself on knowing both the investment side and the plan qualification side of the business. This allows him to take a holistic approach to retirement plan consulting. Tom has worked for: · ML&R Wealth Management, a wholly owned subsidiary of Maxwell, Locke & Ritter · Plan Data, which was bought by Invesmart, which was later bought by Standard Insurance · Howard Johnson & Co, a retirement plan consulting firm bought by Merrill Lynch Tom graduated from Cal Poly Pomona with an Applied Mathematics degree in 1987. He also served in the United States Marine Corp from 1981 to 1987. Tom is married to his college sweetheart, Sue, and has three kids, Alicia, Robyn and Patrick. He loves to coach youth sports and golf in his spare time.

The last few articles concentrated on the different types of retirement plans. Far and away, the 401(k) is the most popular retirement plan in today’s business environment. Many companies that sponsor a 401(k) plan do not understand the service providers who help them with their plan. To that end, we thought it would be a good idea to document the service providers for a “traditional” 401(k).

Topics: Business Operations, Content Type

Retirement Plans for the Small Employer – Part 2

by Tom Carter

Retirement Plan Fiduciaries, LLC.

Tom Carter is the owner of Retirement Plan Fiduciaries. He has been working with qualified retirement plans since 1987. Over his career he has worked in the following capacities: · Fiduciary · Investment Advisor · Actuary · Record Keeper · Third Party Administrator · Consultant · Employee educator – having done over 1,000 meetings in his career Tom likes to pride himself on knowing both the investment side and the plan qualification side of the business. This allows him to take a holistic approach to retirement plan consulting. Tom has worked for: · ML&R Wealth Management, a wholly owned subsidiary of Maxwell, Locke & Ritter · Plan Data, which was bought by Invesmart, which was later bought by Standard Insurance · Howard Johnson & Co, a retirement plan consulting firm bought by Merrill Lynch Tom graduated from Cal Poly Pomona with an Applied Mathematics degree in 1987. He also served in the United States Marine Corp from 1981 to 1987. Tom is married to his college sweetheart, Sue, and has three kids, Alicia, Robyn and Patrick. He loves to coach youth sports and golf in his spare time.

As we discussed in the prior blog there are many different options for a company that is interested in setting up a retirement plan. In the prior blog we discussed the IRA based options and in this article we will discuss qualified retirement plans such as 401(k)’s and Defined Benefit Plans.

Topics: Business Operations, Featured, Content Type

Retirement Plans for the Small Employer – Part 1

by Tom Carter

Retirement Plan Fiduciaries, LLC.

Tom Carter is the owner of Retirement Plan Fiduciaries. He has been working with qualified retirement plans since 1987. Over his career he has worked in the following capacities: · Fiduciary · Investment Advisor · Actuary · Record Keeper · Third Party Administrator · Consultant · Employee educator – having done over 1,000 meetings in his career Tom likes to pride himself on knowing both the investment side and the plan qualification side of the business. This allows him to take a holistic approach to retirement plan consulting. Tom has worked for: · ML&R Wealth Management, a wholly owned subsidiary of Maxwell, Locke & Ritter · Plan Data, which was bought by Invesmart, which was later bought by Standard Insurance · Howard Johnson & Co, a retirement plan consulting firm bought by Merrill Lynch Tom graduated from Cal Poly Pomona with an Applied Mathematics degree in 1987. He also served in the United States Marine Corp from 1981 to 1987. Tom is married to his college sweetheart, Sue, and has three kids, Alicia, Robyn and Patrick. He loves to coach youth sports and golf in his spare time.

As we discussed in the prior post “Why Should a Company Sponsor a Retirement Plan”, there are many reasons a company should sponsor a retirement plan. However, once an employer decides they want to implement a plan they need to decide which one. This can be confusing and it is our intent with these next couple articles to shed some light on the advantages and disadvantages of each option.

Topics: Business Operations, Featured

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Why Should a Company Sponsor a Retirement Plan?

by Tom Carter

Retirement Plan Fiduciaries, LLC.

Tom Carter is the owner of Retirement Plan Fiduciaries. He has been working with qualified retirement plans since 1987. Over his career he has worked in the following capacities: · Fiduciary · Investment Advisor · Actuary · Record Keeper · Third Party Administrator · Consultant · Employee educator – having done over 1,000 meetings in his career Tom likes to pride himself on knowing both the investment side and the plan qualification side of the business. This allows him to take a holistic approach to retirement plan consulting. Tom has worked for: · ML&R Wealth Management, a wholly owned subsidiary of Maxwell, Locke & Ritter · Plan Data, which was bought by Invesmart, which was later bought by Standard Insurance · Howard Johnson & Co, a retirement plan consulting firm bought by Merrill Lynch Tom graduated from Cal Poly Pomona with an Applied Mathematics degree in 1987. He also served in the United States Marine Corp from 1981 to 1987. Tom is married to his college sweetheart, Sue, and has three kids, Alicia, Robyn and Patrick. He loves to coach youth sports and golf in his spare time.

Small employers often get to a stage in their development where they ask themselves if they should start a retirement plan for their employees and shareholders. This is often a difficult decision because of the complexities of the different types of plans, the costs to set up a plan and/or the responsibilities/liabilities in setting up a plan. I plan on discussing some of these issues in later articles, but this article focuses on some of the advantages to the employer and its shareholders.

Topics: Business Operations, Content Type

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