Western Growers Financial Services (WGFS) is pleased to report a year of positive changes. Kate Elmore McCutcheon, Vail Ranches, LLC in Brawley; Steve Mangapit, Western Growers COO; and Gary Burk, Gold Coast Packing were added to the Retirement Plan Advisory Board. WGFS bolstered the investment lineup by replacing mutual funds with exchange-traded funds, creating greater transparency and making investments easier to understand while lowering plan expense ratios. We added two satisfied customers, the Kern Water Bank Authority in Bakersfield, Calif., as well as the Water and Land Solutions in Los Banos, Calif., to the 40-plus companies WGFS is already managing. The total plan assets are now $160 million. The structure allows WGFS to offer members an institutional investment platform they could not get on their own. Mostly, we enjoy unburdening our member participants from having to hire their individual auditing firms and filing the 5500s, saving thousands every year.
$160 MILLION TOTAL PLAN ASSETS.
Financial Services Focused on Asset Management and Retirement Security.
“
Testimonial The Kern Water Bank Authority was looking to improve its defined contribution retirement plan by offering our employees better investment selections and service while at the same time lowering the cost to both the employees and the organization. We had meetings with several providers but none of them could provide the level of service we were looking for while at the same time lowering the cost for the participants and the organization. At one of our board meetings, a Board member suggested that I reach out to Western Growers to see if they could help. Western Growers Financial Services was able to come up with a retirement plan solution that met our goals and exceeded our expectations. Our employees are very happy with the new plan, with several commenting that we should have done this 10 years ago. The transition was fairly easy and working with not only Western Growers Financial Services but Northwest Plan Services has provided additional benefits to our administrative staff. ” - JOE BUTKIEWICZ General Manager Kern Water Bank Authority
Made with FlippingBook - professional solution for displaying marketing and sales documents online