Match Your Retirement Plan to Reflect the Company Mission.

A Company’s Mission Statement expresses its culture, values and agenda to the outside world as well as within the organization. When benefits duly reflect the mission, Employees are motivated to work with a higher sense of purpose and feel rewarded for their efforts. This leads to happier employees, more productivity and increased utilization of benefits like the Retirement Plan.

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How A Retirement Plan Committee Makes All The Difference.

Given the complexity and the multiple responsibilities associated with running a company retirement plan, Plan Sponsors should not hesitate to admit that the process can be overwhelming. Particularly, if they attempt to tackle it on their own. No matter the type of company or size of plan, building a Retirement Plan Oversight Committee which includes internal representatives who partner with an outside expert, is not only a best practice but a standard protocol recommended.

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A Pension Solution That Is Good for Both Owner and Company.

Businesses differ from each other in countless ways, from what they offer to how they are run. But they all have one thing in common, and that is the desire to reduce expenses and increase profits. Business Owners are willing to explore every avenue to get there but they often overlook the opportunity to do so through their company retirement plan. Under the right circumstances, working with a consultant experienced in the complex area of advanced plan design can produce a dramatic boost in tax savings and wealth accumulation for both Employers and their Employees.

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Taking Clients Beyond the Quick Fix

A retirement plan is a critical business asset that should be part of any merger and acquisition review and plan. Taking the first steps may require a retirement advisor to collect data, assess coverage requirements, perform some aggregate testing and review compliance. Mergers create a need for a multi- plan conversion strategy. And retirement plans begin to work harder for your business with due diligence on the funds, the plan design and participant pricing and educational resources.

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Assess Your Financial Health

Financial wellness happens when financial education is tailored specifically to each milestone in your life and your career. It is the goal individuals strive for, combining the right steps to maximize financial opportunities, overcome financial obstacles and make managing your money stress free.

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Anyone Can Save for Retirement

It can be very exciting for employers to reach the stage in their business where they are able to provide a retirement plan to their employees. It can be equally disappointing if those employees don’t take advantage of the benefit.

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401(k) Plan Design Review

The final year of your tri-cycle restatement period provides an opportunity to review and reassess 401(k) documents. It is an especially good time to look at these key features:
• Employer Contributions
• Automatic Features
• Roth 401(k)
• In-Service Distributions
• Joint & Survivor Annuities

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10 Key Mid-Year Plan Checkpoints

Tips & guidelines you can take mid-year for smoother 401(k) plan administration. Don’t wait until the end of the year to evaluate your Retirement Plan. July 31st is the deadline for most companies to file IRS Form 5500 for 2020. Leverage the insight from last year to improve your plan in 2021

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