CLARKSTON, Mich., April 30, 2012 /PRNewswire/ -- Clarkston, Mich.-based Freedom One Financial Group, a 401(k) plan recordkeeping and administrative service provider, announced today that Freedom One Investment Advisors, Inc. will provide 401(k) plan advisory services for Hazel Park, Mich.-based Stellar Building and Development, Inc. Freedom One Financial Group President and CEO Mark Wayne made the announcement.
Established in 1987, Stellar Building and Development, Inc. is a complete commercial services construction company, specializing in decors, storefronts, interior build outs, remodels, major renovations, and minor service repairs of retail, grocery, restaurant, office and medical facilities. Freedom One will work with Stellar to handle the company's $3,000,000 in retirement assets for 30 participants.
Steven D. Adams, President of Stellar Building, indicated, "We recently decided to upgrade our existing profit sharing plan to add a 401(k) plan. When comparing potential providers we felt that partnering with an organization that specialized in providing advisory and administrative services for qualified plans was important. Freedom One has relieved us of a significant administrative burden, has brought us into full compliance and will save me hundreds of man hours a year; all while significantly reducing our fiduciary liability by providing independent investment advisory services. The transition was quick, smooth and professional. We have reduced our annual costs while adding a 401(k) to our plan, a real win-win!"
"We are pleased to add Stellar Building and Development to our continuously growing client roster as a thriving construction company based in Michigan," said Wayne. "Freedom One continues to expand our book of business based on client referrals."
With more than 20 years of successful experience, Freedom One Financial Group team members specialize in providing state-of-the-art employee communications and administrative services to more than 1,000 clients across the United States. Freedom One Investment Advisors, Inc. is a trusted 401(k) plan advisor to employees, employers and other fiduciaries who value independent and unbiased advice for their retirement plans. Plan design, implementation, and employee communication services provided by Freedom One Retirement Services. Investment advisory services provided by Freedom One Investment Advisors, a SEC-registered investment adviser. For more information, visit www.FreedomOneFinancial.com.
SOURCE Freedom One Financial Group