Google+ Planning for Your Retirement FAQ | Acuff (615) 726-2410 | Acuff & Associates | Retirement Plannning

FAQs

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HOW DOES ACUFF & ASSOCIATES PARTNER
WITH FINANCIAL PROFESSIONALS?
Acuff & Associates gets referrals almost exclusively from financial professionals, so we want to provide as much marketing support as possible to our advisor partners.
Acuff’s marketing consultants are willing to get involved as early in the process as the financial professional needs us – whether it’s initial fact finding, preparing free illustrations of recommended plan designs, providing fee proposals, or presenting our services.
We can also facilitate ordering of proposals from our vendor partners and help you make an assessment of their costs and features.
Our greatest value to the financial professional is our commitment to always make the financial professional’s advice look great when he or she recommends Acuff & Associates.

DOES ACUFF & ASSOCIATES SELL
INVESTMENT SERVICES?
NO! We are not licensed to sell investment products and we do not accept commissions. Our ONLY business is providing quality retirement plan consulting and administration services.

WHAT RETIREMENT PLAN VENDOR
PLATFORMS DOES ACUFF WORK WITH?
We work with virtually all of the major retirement plan vendor platforms. We can consider others as long as they meet our standards for quality of product, ease of communication, and ability to partner for marketing.

WILL ACUFF’S MARKETING CONSULTANTS
ATTEND MEETINGS?
Absolutely. We want to become involved with your prospect as early as possible. That makes the ultimate results much more effective and efficient.

DOES ACUFF OFFSET FEES WITH “REVENUE
SHARING” RECEIVED FROM VENDORS?
For plans with transferred assets of over $2,000,000, we offset our fees with any revenue sharing. We call this “Clear Pricing.”

WHAT DOES ACUFF & ASSOCIATES DO
FOR ITS CLIENTS?
Acuff & Associates specializes in the consulting, implementation, and administration of tax-qualified retirement plans for employers of all sizes. The firm provides administration services for 401(k) and other “defined contribution” plans and actuarial services for defined benefit and cash balance pension plans. Acuff & Associates offers clients and financial professionals the expertise, resources and knowledge they need to make informed decisions and maintain and manage retirement plans.

DOES THE SIZE OF MY COMPANY MATTER?
No. Acuff & Associates has clients ranging in size from 1 employee to 17,000 employees in 31 states, The size of the employer will affect the way your plan is designed and administered, since different-sized employers typically have very different goals and needs, but we serve all size employers.

WHY WOULD I NEED ACUFF & ASSOCIATES
TO ADMINISTER MY RETIREMENT
PROGRAM?
The two primary benefits for an employer offering a retirement plan are being competitive by offering the plan as a benefit and the tax advantages for doing so. In order to take advantage of the tax benefit, the plan must comply with complex IRS and Department of Labor requirements and reporting mandates. Most in-house human resource and financial professionals do not have the expertise to administer these types of tasks.

WHY IS CHOOSING THE RIGHT
TPA IMPORTANT?
It’s not only important, it’s critical. Retirement plans have great tax advantages, but they also can have tax consequences. Acuff & Associates works to make sure your plan gets the benefits without the consequences.

WHAT’S THE WORST MISTAKE A COMPANY
CAN MAKE WITH REGARD TO
ESTABLISHING A RETIREMENT PLAN?
The worst mistake a company can make is attempting to administer a retirement plan in-house or choosing partners whose main expertise is not in designing or administering retirement plans. To function properly, a plan needs a team of professionals to work together – you, your financial professional, and your third party administrator.

HOW ARE ACUFF & ASSOCIATES’ COSTS
CALCULATED?
The costs associated with administering a retirement program vary depending on how many services you choose and the number of participants in your plan. Usually, we provide all basic administrative services for a reasonable, all inclusive fee. Our fees are affordable and easy to understand.