Meet

Meet Steve Scott

AIF, CPFA

Partner

Email: Steve@retirementsolutiongroup.com
Phone: 866-352-7731 Ext: 210

With RSG since 2005

My Favorite Thing About My Work at RSG

What we do matters. For most people their 401(k) is their largest investible asset they will ever own/manage. There have been so many moments over 18 years, but one in particular is the Retirement Readiness Seminars we have built for our largest client. Hundreds of people showing up on a Saturday morning, often a bit confused and intimidated, leave with big smiles as the path to their next chapter is noticeably clearer.

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About Me

Since founding RSG in 2005, Steve has built a firm with the goal of building a nationally recognized industry leader in the retirement plan consulting space. With 28+ years of industry experience, and has worked for vendors such as State Street Global Advisors, Manulife Financial and John Hancock. Steve has been committed to firm growth through being active in business development and the merger & acquisition space.

Today as CEO, Steve performs many strategic initiatives as RSG prepares for the coming chapters for our firm and the industry. Steve remains very active and hand’s on with client management, particularly focused on the $1 bb + in assets in the client space where the firm operates in a fiduciary capacity.

My Licenses and Certifications

  • AIF
  • CPFA
  • Series 6
  • Series 63
  • Series 65
  • Life and Health for IL and NH

Think of it as an asset of your company, not a box to check on a to-do list. With a little time and thought about your business, people, needs and growth strategy, you can create a custom solution. This solution can become a powerful tool for growth by helping to attract and retain talent, tax strategies and financial wellness/productivity.

What I do at RSG

  • Actuarial Services
  • Advisory
  • Sales and Marketing
  • Finance
  • Co-Fiduciary Services
  • Investment Management
  • Key Account Management
  • Operations
  • Plan Consultation
  • Relationship Management
  • Special Consulting Projects
  • Technology
  • Third Party Administration

Ask Me About

  • Client Customer Support
  • Investment Selection and Monitoring
  • Plan Analysis
  • Defined Benefit Plans
  • Service Provider Selection
  • Establish Plan Oversight Committees
  • Individual Retirement Accounts
  • 3(16) - Co-Fiduciary
  • 3(21) - Co-Fiduciary
  • 3(38) - Co-Fiduciary
  • Providing commentary on Investment Markets
  • Mergers and Acquisition Benefit Analysis and Support
  • Defined Contribution Plans
  • Plan Termination Support
  • Multi-Employer Plans
  • New Business Development
  • Benchmarking Analysis

Background

Undergrad at Emerson College
Emerson College MA

25+ years of industry experience.

In My Spare Time I Like...

In my free time, I am often engaged in some sort of sport. Whether it be coaching at Saint Patrick's Academy; cheering my daughter Mya on at a swim meet; standing mountain side as my son Sam competes in ski racing; getting my butt kicked on the tennis courts by my wife Christie; or being a general embarrassment to the game of golf. Life is a game, have fun with it!

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Articles by Steve Scott

Unveiling a Fiduciary Process and Pain Points in Real Life

Explore real-life scenarios uncovering common fiduciary pain points in retirement plans, shedding light on the importance of process-driven oversight for small businesses.
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SECURE Act 2.0: The Impact on Businesses

There are over 90 provisions in the Secure Act 2.0.  Hear from  RSG’s clients’ perspective on the legislation addressing student loans, emergency savings, ROTH employer contributions. The two driving themes that directly address the social problem of the American savings culture are: 1. more tax credits/incentives for businesses to offer the programs  2.a significant increase in pushing auto-enrollment and auto-escalation features
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Impacts on 401(k) Lineups…a few little surprises may be hiding in your retirement plan.

One benefit of investing in a retirement plan is that you have access to two special kinds of investments: target-date funds and stable value funds. These funds serve very different purposes, but both can help with your retirement-savings goals at different times in your life, or in the current case, as tolerance for market risk changes.
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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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Understanding the ERISA Retirement Plan Required Audit Process

Every plan with more than 100 eligible employees is required to file an ERISA Audit when filing their 5500 with IRS. Reexamine the ERISA audit so you know what it is and if applicable be better prepared.
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How Changes in the Workforce are Affecting Retirement Plans

Among the economic growth and inflation, workforce trends are affecting how businesses approach their employee benefits. Employers are needing to be more creative and thoughtful than ever in attracting and retaining key talent, and retirement plans are often one underutilized tool.
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2020’s Impact on Retirement Plan Compliance Testing

Each year 401(k) plans are required to perform compliance testing to demonstrate that 401(k) plans do not discriminate in favor of highly compensated employees and that contributions do not exceed […]
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Partnering with Certified Public Accountants

We view partnerships as an opportunity to provide more value to mutual clients.
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Tis the Season. Consolidation Season.

In a year filled with uncertainty, moving your orphaned retirement savings to your current employer’s plan keeps your accounts in one place and makes it easy to manage it more […]
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“Rumors of my death are greatly exaggerated.” said the Defined Benefit Pension Plan

Defined Benefit plans have been around forever but have been dying off since the 1990s. In recent years however, we have seen a notable uptick in both traditional DB and Cash […]
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