Employee Benefits
InvestRx® Financial Wellness Program
Provide your staff with an invaluable benefit. Peace of mind about their finances.
Filling the gap in workplace financial services
Even if you and your employees have access to a great retirement plan, there could still be a gap in their financial knowledge and comfortability. That’s because most retirement plans don’t offer the proper education to go along with their investment options.
A comprehensive approach
We believe it’s important to know exactly how your workplace retirement plan fits into your overall financial picture.
Education is key
Every employee should know how they are invested, why those options were chosen, and how their account is helping them reach their long-term goals
Invest with a purpose
Many employees end up blindly contributing to their company retirement plan without having a tangible end-goal in mind. Our first step with every client is to define their goals for their money and give them realistic steps to reach them.
3 Tiers of Wellness Programs:
Wellness Program #1
Basic Financial Wellness Program
Give your employees a financial “head start” with the basic level of our Financial Wellness Program. Your employees will have the chance to ask a CFP® professional their most pressing questions and receive custom recommendations.
A 30-minute call, paired with a retirement plan review and discounts on in-depth financial planning gives your employees a unique benefit in a time when they need it most.
30 minute “Diagnostic” call with a CFP® Professional
Give your employees access to expert financial advice.
The company retirement plan is only one small part of a person’s financial life. Your employees may have questions about paying student loans, financing the support of an elderly relative, or other strategies for retirement savings.
During our Diagnostic call, we will discuss these goals and questions, and give our professional advice.
Employee Retirement Plan Review
One of the most popular requests we get as a financial planning firm is to review our clients’ 410(k) accounts to make sure they are invested properly.
Unfortunately, many individuals are expected to choose their investments on their own with very little education on what those investments actually mean.
In this service, we will spend time with each of your employees assessing their goals and risk tolerance, and make our recommendations on how they should be invested – given the options within your companies retirement plan.
Reduced price on InvestRx® Financial Roadmap
For some employees, a 30-minute call to discuss their financial goals may not be sufficient. That’s why we offer a discounted rate on our InvestRx® Financial Roadmap to employees who have completed our Financial Wellness Program.
The InvestRx® Financial Roadmap offers more in-depth and personal advice. The Financial Roadmap includes an additional 45-minute call with an InvestRx® advisor, where your employee will discuss their top three financial goals or concerns.
They will then receive a 14+ page report that includes:
- Our recommendations with tangible steps to help your employee reach their goals
- A personal net-worth statement, spending plan, and income summary
- A personalized video walking your employee through their new plan
This service normally costs $249, but employees who have participated in the Financial Wellness Program get a reduced rate of $199.
First $5,000 managed for free in an InvestRx® Investment account
InvestRx is proud to offer investment accounts such as IRAs, Roth IRAs, Individual brokerage accounts, and more.
If your employees have investments outside of your companies retirement plan, or they wish to start investing, they can open an account through InvestRx® and have the first $5,000 managed for free
Wellness Program #2
Premier Financial Wellness Program
If you want to provide your employees with a top-notch, comprehensive financial plan at an affordable cost, the Premier Financial Wellness Program is the way to go.
In this program, each employee will receive a full Financial Roadmap, valued at $249.
An InvestRx® advisor will go in-depth with each employee, gathering financial data, and asking questions to get to the root of their financial needs and desires.
Then we will put together a 14+ page report with the employee’s current financial information as well as our recommendations for tangible steps to reach their goals.
The advisor that completes the report even includes a personalized video walking the employee through their recommendations.
60 minute "Diagnostic" call with a CFP® Professional and data-gathering worksheet
For many of your employees, a 30-minute call and retirement plan review may not be enough. Most people have complex goals, and financial situations that require a more thorough review.
As part of our Premier program, employees will have an opportunity to dive deeper, and provide more information, so that we are able to make detailed recommendations with tangible action items.
We meet virtually with your employees so they are able to schedule their call at a time that works best for them.
Comprehensive, written financial plan
After the Diagnostic call and data-gathering worksheet have been completed, the advisor will complete an in-depth financial plan for your employee.
The plan will include:
- A breakdown on your employee’s current financial position. This includes personal net-worth statement, spending plan, and income summary
- An in-depth analysis of three of your employee’s top financial goals
- Advisor recommendations with tangible steps to help your employee reach their goals
Recorded video from your employee's InvestRx® Advisor
We know that everyone absorbs information differently, and we want to make it as easy as possible for your employees to receive and execute their new financial plan.
Because of this, with the delivery of each Financial Roadmap, your employee will also receive a video of their advisor talking them through the report.
This way, if they ever forget why a recommendation was made they are able to look back and see exactly what their advisor said.
Complimentary retirement plan review
One of the most popular requests we get as a financial planning firm is to review our clients’ 410(k) accounts to make sure they are invested properly.
Unfortunately, many individuals are expected to choose their investments on their own with very little education on what those investments actually mean.
In this service, we will spend time with each of your employees assessing their goals and risk tolerance, and make our recommendations on how they should be invested – given the options within your companies retirement plan.
First $5,000 managed for free in an InvestRx® Investment account
InvestRx® is proud to offer investment accounts such as IRAs, Roth IRAs, Individual brokerage accounts, and more.
If your employees have investments outside of your companies retirement plan, or they wish to start investing, they can open an account through InvestRx® and have the first $5,000 managed for fr
Wellness Program #3
Comprehensive Retirement Plan Management
Get full service management for your practice’s 401(k), SEP IRA, SIMPLE IRA or other retirement plan, with employee financial education included.
You and your employees will have access to our online investment portal where you can control your investments, set financial goals, and track your progress over time.
Then, you’ll meet with our team to define a custom education plan for your practice. Whether it’s individual meetings with employees, group seminars, or monthly emails, we can curate a plan that will help you and your employees feel financially secure.
Smooth Transfer Process
Whether you utilize a 401(k), SEP IRA, SIMPLE IRA, or other retirement plan, our team will work with you and your employees to ensure a smooth transfer process.
A higher level of service
We understand that it can be difficult to know which funds you should select within your retirement plan.
That’s why we offer one-on-one consultations with you and your employees, to help make sure everyone gets started on the right foot.
Ongoing education
Most retirement plan providers disappear after onboarding. We want to be part of you and your employee’s everyday lives.
Our team will work with you to set up an ongoing education plan for your practice. We can do monthly financial wellness emails, practice seminars, or even regular meetings with individual employees.
We think education is the root of long term financial success, and we want to offer that to you and your employees.
Plan management & compliance
We’ll do all the “behind-the-scenes” research and compliance work to ensure that your plan is up to date and your bases are covered:
- Establish appropriate guidelines for the investments of the plan
- Help review and/or select a recordkeeper who maintains the retirement plan documents
- Help the plan sponsor reduce their Fiduciary responsibility
- Maintain compliance with ERISA including 404c requirements
- Monitor investment performance
- Perform ongoing due diligence on all investments/portfolio managers
- Effectively educate and communicate with participants
Pricing
Currently, pricing is given on a case-by-case basis. If you are interested in providing one of our Financial Wellness Programs to your office, please contact us using the form below and we will reach out with more details.
Financial Education Seminars
If you’re not ready to commit to one of our Financial Wellness Programs, but you want to provide your practice with high quality financial education, we offer group seminars. Reach out via the form below to learn more.
