Retirement

Retirement plans are a key component of a business’s total benefit package. However, these plans come with complex rules and compliance challenges.  Our team understands how a retirement plan fits into your business. We are focused on helping you ensure your retirement plan remains a benefit that adds value to the business by assisting the company with all aspects of the plan, including:

• Assisting companies and committees with understanding and meeting fiduciary responsibilities
• Partnering with other vendors to manage pension plan funding and execute de-risking initiatives
• Maintaining compliance with federal laws
• Designing benefits to achieve strategic goals of the company and/or its owners
• Creating cutting edge designs to create a competitive advantage
• Providing practical advice on plan administration to avoid plan errors
• Assisting with the selection or expansion of plan options
• Terminating all retirement plans

Even the most diligently administered plan may encounter errors in plan administration or come under scrutiny by a regulatory agency. These times naturally create anxiety and increase the potential cost of the plan. Our strength lies in providing clear, understandable, and practical advice to help our clients to efficiently resolve any situations that do arise, including:

• Correcting plan documentation or operational errors
• Responding to participant inquiries and claims
• Remedying reporting errors
• Internal Revenue Service audits
• Department of Labor investigations
• Pension Benefit Guarantee Corporation audit
• Excise tax determination and assessments
• Prohibited transaction determination and assessments
• PBGC negotiations regarding funding and reportable events

Areas in which we add value to your qualified and non-qualified plans/arrangements:  
We can assist you with 401(k) and other defined contribution plans, defined benefit and cash balance plans (including hybrid plans), 403(b) plans, 457(b) plans, 457(f) plans, 457(m) plans, SEP/SIMPLE IRA, Stock Incentive Plans, and Equity Benefit Plans. We work with all qualified and non-qualified plans, whether private sector, governmental, or church plans, and can help you determine the benefit plan arrangement that is most suitable for your needs.

Common administrative forms/participant notices we assist with: safe harbor notices, QDIA notices, fee disclosures, electronic delivery rules, beneficiary designation forms, distribution kits, summary plan descriptions, election forms, automatic contribution arrangement notices, and participant correction notices.