Business Details
21 Years
experience
Expert Retirement & Executive Benefits Consulting in Chapel Hill, NC
At HCWRFS, we specialize in designing and maintaining world-class retirement and executive benefits programs tailored to meet the unique needs of our clients. Our consultative approach ensures that each program is customized to align with both employer objectives and employee expectations. With a focus on long-term partnerships, we prioritize exceeding client expectations through personalized service and strategic planning. Our proprietary five-step process enables businesses to evaluate and select the most suitable retirement plans while providing ongoing education and analysis for employers and employees alike. We serve clients in areas such as 401(k) plans, defined benefits plans, Roth 401(k), and non-qualified plans, among others.Our team of lead consultants, financial advisors, and client relationship managers collaborates to ensure compliance with regulations, implement investment policy statements, and deliver comprehensive support. Founded in 2005, our firm combines industry expertise with a commitment to integrity, honor, and wisdom to guide clients toward a secure financial future. We actively engage with the community through initiatives like our long-standing sponsorship of the Vance-Granville Community College Endowment Fund Golf Tournament, reflecting our dedication to education and local impact.
Services
401(k) Plans
Defined Benefits Plans
Roth 401(k)
Non-Qualified Plans
403(b) Plans
SEP Money Purchase Plans
SIMPLE IRA
Deferred Compensation Plans
Age Weighted Profits Sharing Plans
412(i) Plans
Details
- Year established: 2005
Highlights and features
- We offer a proprietary five-step process to evaluate and select optimal retirement plans.
- Our team provides ongoing education and compliance support for employers and employees.
- We specialize in complex plans like defined benefits, Roth 401(k), and non-qualified plans.
- Our consultants design investment policy statements tailored to organizational needs.
- We maintain long-term partnerships with clients through personalized, transparent service.
Services
401(k) Plans
We help businesses design and implement 401(k) plans tailored to their workforce needs. Our consultants evaluate investment options, ensure compliance with regulations, and provide ongoing education for employers and employees. This service supports long-term financial security through customized retirement solutions.
Defined Benefits Plans
Our team specializes in defined benefits plans, ensuring predictable retirement income for employees. We assist with plan design, funding strategies, and regulatory compliance. This service is ideal for businesses seeking structured, employer-funded retirement solutions.
Non-Qualified Plans
We offer non-qualified plans to attract and retain top talent through customized executive compensation. Our solutions include deferred compensation and supplemental retirement benefits, designed to meet specific organizational goals while adhering to tax regulations.
Investment Policy Statements
Our consultants develop tailored investment policy statements to guide retirement plan management. This service ensures alignment with organizational objectives, risk tolerance, and compliance requirements, providing clarity for employers and employees.
Ongoing Education
We provide continuous education for employees on retirement plan options through seminars and individual meetings. This service empowers informed decision-making, enhancing engagement and satisfaction with employer-sponsored benefits.
People
Wil Drake
Founder
Wil Drake founded HCWRFS in 2005 with a vision to deliver personalized retirement solutions. He leads the firm's strategic direction, leveraging over 15 years of experience in executive benefits consulting to guide clients toward financial security.
Questions
What retirement plans do you specialize in?
We specialize in 401(k) plans, defined benefits plans, Roth 401(k), non-qualified plans, and more, tailored to meet employer and employee needs.
How does your five-step process work?
Our five-step process evaluates client needs, compares plan options, ensures compliance, and provides ongoing education for employers and employees.
Do you offer ongoing support after plan implementation?
Yes, we provide continuous compliance reviews, investment policy statements, and employee education to ensure long-term success.
Can you help with executive compensation strategies?
We design non-qualified plans and deferred compensation solutions to attract and retain top talent through competitive executive benefits.
How do you ensure compliance with regulations?
Our consultants review plans regularly, update policies, and collaborate with providers to maintain adherence to current retirement plan regulations.
What areas do you serve?
We primarily serve businesses in Chapel Hill, NC, with nationwide consulting capabilities through our network of plan providers.
