For Employer Sponsored Retirement Plans
Consulting &
Advisory Services
A Better Retirement Plan
Plan Consultations
A robust retirement plan helps organizations attract and retain the best talent. 5th Street Advisors raises the standard of service to corporate retirement plans, empowering employees with holistic financial wellness programs while easing the plan sponsor’s fiduciary responsibilities.
Whether sponsoring a plan for the first time or trying to optimize an existing plan, our consulting services provide businesses the guidance they need to make informed decisions at any stage.
PLAN CONSULTING
PLAN
BENCHMARKING
PLAN DESIGN
VENDOR DUE DILIGENCE
INVESTMENT ANALYSIS
RFP
MANAGEMENT
Fiduciary Investment Advice
3(21) and 3(38) Advisor Services
One of the most critical fiduciary duties of a plan sponsor is to prudently manage plan investments. Serving as either a 3(21) or 3(38) fiduciary investment advisor, 5th Street provides sponsors with independent, objective advice. In its role as a fiduciary advisor, 5th Street is compensated solely by a fee and does not receive commissions, 12(b)1 fees, or other forms of revenue sharing from plan investments.
The Extra Mile
Financial Wellness & Education
5th Street provides a Financial Wellness Program that bridges the gap between employees’ 401(K) and their broader financial lives
Our holistic approach encourages employees to take control of their financial future through personalized consultations with a dedicated team of financial planners, ongoing educational seminars, and regular commentary on the economy and markets.
Contribution Limits
2022
Limit on employee contributions to 401k, 403b, or 457 plan
$20,500
Limit on age 50+ catchup contributions to 401k, 403b, or 457 plan
$6,500
SIMPLE 401k or SIMPLE IRA contributions limit
$14,000
SIMPLE 401k or SIMPLE IRA age 50+ catchup contributions limit
$3,000
Highly Compensated Employee definition
$135,000
Maximum annual additions to all defined contribution plans by the same employer
$61,000
SEP-IRA contribution limit
$61,000
Traditional and Roth IRA contribution limit
$6,000
Traditional and Roth IRA age 50+ catchup contribution limit
$1,000
Deductible IRA income limit, single, active participant in workplace retirement plan
$68,000 - $78,000
Deductible IRA income limit, married, active participant in workplace retirement plan
$109,000 - $129,000
Deductible IRA income limit, married, spouse is active participant in workplace retirement plan
$204,000 - $214,000
