Pension Maxima Investment Advisory

Financial advisor (show on map)

5.0

★★★★★

5 reviews

Independent Registered Investment Advisor assisting employers in setting up winning retirement plans.

Call (914) 574-5023

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About

Pension Maxima Investment Advisory is an independent Registered Investment Advisor (RIA) dedicated to assisting employers in setting up winning retirement plans to retain and attract key employees, ensuring each employee reaches their retirement goals. The firm provides 3(21) fiduciary services, comprehensive financial wellness education, and investment & fee management to alleviate administrative burdens and optimize plan health.

With a focus on cost transparency and client-first platforms, Pension Maxima has reduced plan fees by up to 50% and authored three eBooks on 401(k) benchmarking, understanding 5500, and plan health. The team includes Bonnie Yam, a 20-year veteran in pension consulting with extensive experience in plan design and fee reduction, and Kai L. Cheung, a CFA charterholder specializing in retirement and real estate investment planning. Pension Maxima also offers a proprietary Financial Wellness Tower education program featuring interactive cartoons, webinars, and workbooks to enhance employee financial literacy.

Independent RIA with fiduciary oversight

Proprietary Financial Wellness Tower education program

Specialized expertise in 401(k) plan design and fee reduction

Comprehensive start-up credit assistance under Secured Act 2.0

Holistic approach integrating real assets into financial planning

Services

Plan Design & Optimization

Innovative design features including Cash Balance, New Comparability, 401H plans, Roth 401(k), auto-enroll, auto-sweep, auto-escalate, and student loan repayment programs.

Cash Balance Plans New Comparability Contributions 401H Plans Roth 401(k) Options Auto-Enrollment Auto-Sweep Auto-Escalate Student Loan Repayment Programs

Financial Wellness Education

Comprehensive financial wellness programs including workshops, webinars, and interactive cartoon videos.

Financial Budgeting Student Debt Management Credit and Debt Counseling FICO Score Education Net Worth Analysis Retirement Income Planning Medicare and Social Security Guidance Long Term Care Planning Interactive Games and Trivia Financial Wellness Tower Program

Fiduciary Process & Plan Health

Structured fiduciary oversight, investment policy statement creation, and plan health monitoring.

Investment Platform Design (Low Fee Alternatives, ESG) Investment Policy Statement Development Upside and Downside Capture Analysis Hypothetical Models for Scenario Planning Regulatory Change Advisory Program Enhancement Recommendations Investment Due Diligence

Start-up Credits & Tax Benefits

Assistance with Secured Act 2.0 start-up credits, auto-enrollment credits, and employer contribution credits.

Secured Act 2.0 Start-up Credit (up to $5,000) Auto-Enrollment Credit ($500) Employer Contribution Credit (up to $1,000 per employee) NY State Mandate Compliance Form 8881 Preparation Tax Year Planning

Investment Due Diligence

Comprehensive due diligence on investment options, including low-fee alternatives and ESG considerations.

Low Fee Alternative Screening ESG Integration Hypothetical Performance Modeling Risk Management Frameworks Benchmarking Against Peers

Plan Evaluation & RFP Process

Benchmarking services, peer-to-peer studies, and RFP facilitation for plan improvement.

Peer-to-Peer Plan Benchmarking Fee Structure Analysis Service Feature Comparison RFP Template Creation Vendor Selection Assistance

Credentials & Certifications

CFA

CFP

AIF

CLU

ChFC

CLSP

RICP

CVA

CEPA

MBA

FRM

PRM

Real Estate Broker

Reviews

Rating

★★★★★

Reviews

"Bonnie is very knowledgeable and had great advice."

Frequently Asked Questions

What is the difference between a State-sponsored IRA and a 401(k) plan? +

The State-sponsored IRA has lower contribution limits and does not allow employer contributions, making 401(k) plans more preferable for both employers and employees.

What penalties apply for non-compliance with NY State retirement plan mandates? +

Non-compliance can result in penalties starting at $250 per employee in the first year, escalating to $1,000 per employee by the third year of non-compliance.

Can Pension Maxima assist with financial planning beyond retirement? +

Yes, Pension Maxima offers comprehensive financial planning services, including DIY or hands-on assistance, to help clients achieve overall financial wellness.

What educational resources does Pension Maxima provide for employees? +

Pension Maxima offers a Financial Wellness Tower program featuring interactive cartoons, webinars, quizzes, and games to enhance employee financial literacy.

How does Pension Maxima ensure plan health and fiduciary compliance? +

Pension Maxima provides a structured fiduciary process, ongoing plan health monitoring, investment policy statement creation, and regulatory change advisory to ensure compliance and optimal plan performance.

What start-up credits are available under Secured Act 2.0? +

Secured Act 2.0 offers a three-year start-up credit worth up to $5,000, calculated as $250 per eligible employee (capped at 50 employees) or 50% of plan costs for plans with over 50 employees, plus additional auto-enrollment and employer contribution credits.