Every Plan needs 3 Essential Elements
A strategic retirement plan is more than an employee benefit. It may include an important fiduciary responsibility. We help business owners design, review, and oversee employer-sponsored retirement plans through ongoing investment monitoring, plan governance, and support. By bringing structure and accountability to the process, we help employers confidently navigate their responsibilities while enhancing the value of the benefit they provide.
We believe every effective retirement plan begins with a blueprint. While no two organizations are identical, the most successful plans are built on the same fundamental principles. The Strategic Retirement Plan Blueprint highlights three essential characteristics that provide the foundation for long-term plan success.
Compliant – The Strategic Retirement Plan ensures proper plan governance, abiding by the IRS and DOL rules. We retain the level of fiduciary responsibility when managing accounts or making recommendations on qualified retirement assets. Understanding the fiduciary roles of the plan sponsor, recordkeeper, third party administrator and accountants helps avoid surprise issues.
Efficient – The baseline for a Strategic Retirement Plan is low costs and quality funds. An efficient plan uses technology to reduce time intensive tasks within the plan’s administration. A cost-efficient retirement plan creates value by deriving the most services out of the dollars spent on recordkeeping, third party administrator, and audit costs.
Effective – The Strategic Retirement Plan drives dollars to the company’s bottom line through tax savings, building ownership wealth, reducing turnover costs and retaining quality talent. It also commands a high participation rate from employees and provides the tools needed to retire with 70-90% income replacement.
Does your company's plan have the right Blueprint?