Trey Fairman explains how employers can tell you what a good employee retirement plan is.

Trey Fairman, founder and CEO of Waypoint Retirement Advisors, was interviewed by Adam Torres on the Mission Matters Business Podcast.

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In this interview, Trey Fairman, The founder and senior advisor of Waypoint Retirement Advisors, focused on how he made a professional transition after two decades of helping business owners and eventually found his calling in the field of retirement planning.

After graduating with a degree in finance from East Coast University, Trey first worked for an insurance brokerage agency, making outbound sales calls and assisting other agents. After accepting a job change to San Diego, he enrolled in an afternoon program at a local law school and passed his California bar exam in 2000. The following year he did a Master’s in Tax Law.

A few years later, in 2016, Trey met with some doctors in Orlando who led him to study the Safe Harbor 401 plan and the intent behind it. He considers this moment to be crucial: “It was an eye-opening event for me,” he says.

See the full interview:

Moving from insurance planning to advice on retirement plans

“This was also a time when wealth tax laws were better and more liberal, so fewer people needed wealth tax planning,” Trey says. This change eventually led to the establishment of Waypoint Retirement Advisors, LLC in January 2020 as a group of 401k advisors.

After working with Wall Street companies for more than 20 years, Trey has extensive knowledge in comprehensive consulting and plan design. Under the guidance of a mission to help employers and employees make well-informed, proactive and deliberate decisions about their 401 plans, Trey founded a company that not only advises companies on how to structure strong retirement plans for their employees, but also offers ideas on how to do so. significantly improved from the point of view of employers.

“The retirement plans industry has evolved from a temporary investment interview to a much more regulated process of fiduciary control,” says Trey, who stressed the importance of seeking and following the advice of an expert advisor.

What’s different about Waypoint Retirement Counselors?

At Waypoint, Trey believes there are six key components to a good retirement plan: trust supervision, education programs, plan design and tax strategy, plan operations, plan costs, and investment opportunities. “Mutuals are the easiest part of this process,” Trey explained.

With the goal of helping business owners, entrepreneurs and executives build valuable retirement plans for themselves and their employees, Trey says Waypoint takes the time to provide advice tailored to the specific needs of each client.

At the corporate level, Waypoint seeks out and provides special employee education programs through its own pace resources; this is essential, he said, to alleviate the burden that would otherwise be in the hands of the internal HR departments. The programs address basic investment concepts, financial planning, budgeting, and a broader theme of employee financial well-being.

About

Waypoint Retirement Advisors help employers ensure the best plan for themselves and their employees. They have special training to support both large business plans as well as small business retirement plans. The company offers personalized retirement plan advice to employers based on their special circumstances. Their goal is to provide significant value along with comprehensive advice and plan design along with innovative solutions. As an independent and objective company, they meet with first-time customer managers, records managers and consultants to help business leaders meet their goals.

Visit Waypoint Retirement Advisors to find out more about their services and offerings.