Retirement Plan Services | First Interstate Wealth Management

The Right Advisor

First Interstate’s team of Retirement Plan Advisors are experts when it comes to the ins-and-outs of plan management—averaging over 24 years of experience in financial services and 11 years in retirement plans. We cater each plan to the specific sponsor’s needs, bringing peace of mind to you as a business owner and allowing you to focus your attention on running your business.

Fiduciary Services

You have a lot of responsibilities as a business owner, including serving in a fiduciary role by making decisions for your company’s retirement plan. With this responsibility comes liability. First Interstate can help mitigate both. We offer 3(21) fiduciary services, in which we assist in selecting and monitoring the plan’s investment line up while you retain fiduciary control, or, 3(38) fiduciary services, in which we completely manage the selection and monitoring of the plan investments.

Plan Sponsor Services

As a plan sponsor, you can utilize our retirement experts to help in the daily management of your retirement plan. We offer services such as communications and education planning, regulatory updates, plan design consulting, compliance oversight, and service provider negotiation and selection.

Profit-Sharing Plan

With a profit-sharing plan, you fund your employees’ retirement plans with a percentage of your company’s annual profits. Our Retirement Plan Advisors will help you establish and manage a profit-sharing plan, which can be offered alongside 401(k)s or similar plans, or on its own.

Cash-Balance Plan

A cash-balance plan allows you to pay a percentage of your employees’ salaries into individual, interest-earning accounts which the employees can access upon retirement as a lump sum or annuity pay-outs.

Employee Services

Along with helping you in the fiduciary and sponsor roles, we offer advice and expertise to your employees to make sure they are maximizing their retirement options. These services include group education, financial wellness delivery, executive level benefits, distribution consulting, and investment consulting.