subject: Portland investment firm to preside over 401k plans of grocery chain [print this page] The wealth management firm of Tim Phillips, Oregon businessman has contracted with Portland-based Signature Northwest, a retail grocery chain that includes Thriftway grocery stores, to improve employee participation and reduce the company's 401k costs.
"Phillips and Company has a dedicated retirement department that helps establish 401k accounts and profit-sharing plans for local and national companies and utilizes an innovative employee engagement approach to ensure employees are well educated of the benefits of retirement planning and 401k contribution," said Tim Phillips, Oregon founder and CEO of Phillips and Company.
Phillips and Company enjoys a good track record of helping companies increase employee participation in 401k, while streamlining administrative services and keeping administrative costs low.
"We want each one of our associates to have a meaningful retirement and that cannot be achieved unless they participate in our 401k," according to Mark Miller, CEO and Partner in Signature Northwest. "Phillips & Company understands our commitment to delivering a best-in-class 401k program to our associates and has been instrumental in greatly increasing our associate's participation in this program."
Tim Phillips of Oregon commented: "We were moved by Mark's commitment to good 401k matching levels for employees as well as his frustration with employee participation levels in the program being below 50 percent."
"As we do for all clients seeking 401k and employee retirement plan assistance, we installed a full-featured, competitive 401k plan that would best meet employee needs today and in the future. We also significantly increased employee participation by increasing direct contact with employees,"
