"WE ARE THE FIRST AND LAST ADVISORS YOU'LL EVER NEED"
It is similar in the retirement plan landscape. Each service provider brings a different resource to assist in the design, implementation, and success of your retirement plan.
For example, the general contractors include your recordkeeper, plan auditor, provider of investment options, benefit attorneys, and other professionals who provide services to your plan.
Your third party administrator (TPA) is like your architect. This professional firm designs the legal framework and guidelines that your plan can follow according to the rules and regulations of the Department of Labor (DOL) and Internal Revenue Service (IRS). Plan design is critical for all corporate-sponsored retirement plans. It’s the blueprint upon which plan actions take place.
We are your engineers. We work with you to actively build the plan. This includes following the plan document, enrolling employees, 3(38) fiduciary investment managers, tracking operational compliance, service provider analysis, fee benchmarking, and cost reasonableness. We help establish prudent, documented fiduciary files that aim to reduceyour liability exposure and work to build a great retirement savings structure.
By discussing your business needs, we can provide consultation to discuss which plan design features might be best for your business structure and employee demographics. This might include auto-enrollment, Safe Harbor, stretch the match, new comparability, cash balance plan ideas, and more.