Business Details
Trusted Financial Advisory Services for Retirement and Executive Benefits
At HCWRFS, we specialize in designing and maintaining world-class retirement and executive benefits programs tailored to our clients' unique needs. Our consultative approach focuses on understanding each client's specific goals through strategic questioning and customized solutions. With a proprietary five-step process, we guide companies in selecting optimal retirement plans while providing ongoing education and compliance support. Our team of experienced consultants collaborates with clients to develop Investment Policy Statements and ensure regulatory adherence. We prioritize long-term partnerships, offering dedicated client relationship managers to address administrative questions and support both employers and employees.Our financial advisors conduct educational seminars and individual sessions to enhance retirement savings understanding. As independent consultants, we work with any chosen provider to deliver comprehensive benefits solutions. Our commitment to excellence is demonstrated through personalized service and a track record of community involvement, including over 11 years of supporting educational initiatives through event sponsorships.
Services
401(k) Plans
Buy Sell Agreements
Profits Sharing Plans
Key Person Insurance
403(b) Plans
162 Bonus Plans
SEP Money Purchase
Defined Benefits Plans
Roth 401(k)
Deferred Compensation
Highlights and features
- We offer a proprietary five-step process for retirement plan selection
- Our team provides ongoing compliance and regulatory guidance
- We deliver customized Investment Policy Statements
- We conduct educational seminars for employee understanding
- We maintain 11+ years of community partnership experience
Services
Retirement Plan Consulting
Our retirement plan consulting service helps businesses design customized retirement solutions through a strategic five-step process. We evaluate company needs, recommend appropriate plan structures, and ensure ongoing compliance with regulatory requirements. Our consultants provide implementation support and regular plan reviews to maintain optimal performance.
401(k) Plan Design
We specialize in creating tailored 401(k) plans that align with business objectives and employee needs. Our experts analyze company demographics and financial goals to recommend optimal contribution structures, investment options, and compliance strategies for both traditional and safe harbor plans.
Executive Benefits Programs
Our executive benefits programs focus on creating comprehensive compensation packages for key personnel. We develop customized solutions including deferred compensation plans, key person insurance, and non-qualified plans that align with overall business strategy and succession planning goals.
Investment Policy Statements
We create customized Investment Policy Statements that establish clear guidelines for plan investments. Our policies address asset allocation, risk management, and performance monitoring while ensuring alignment with regulatory requirements and the organization's specific objectives.
Employee Education Services
Our financial education services include seminars, enrollment meetings, and individual consultations to improve retirement savings understanding. We develop customized education policies and provide ongoing support to help employees make informed decisions about their retirement options.
People
Wil Drake
Founder
As founder of HCWRFS, Wil Drake has led retirement plan consulting services for over 11 years, combining industry expertise with community leadership through educational sponsorships and financial guidance initiatives.
Questions
What retirement plans do you specialize in?
We specialize in 401(k), 403(b), SEP, SIMPLE IRA, Defined Benefits, and Deferred Compensation plans among others.
How do you help businesses choose retirement plans?
Our proprietary five-step process evaluates company needs to recommend optimal plan structures with ongoing support.
Do you work with any plan provider?
As independent consultants, we can work with any chosen provider to meet your specific requirements.
What educational resources do you provide?
We offer enrollment meetings, seminars, and individual sessions to enhance retirement savings understanding.
How do you ensure regulatory compliance?
Our consultants review plans regularly and maintain compliance with current regulations and guidelines.
What areas do you serve?
While based in Chapel Hill, NC, we provide services to clients nationwide.
