Ensuring Success and Peace of Mind for Plan Sponsors
As a business owner and 401(k) plan sponsor or pension sponsor, you’re up against a daily flood of decisions and demands. You know being a retirement or pension plan sponsor is an important step for attracting and retaining the best staff. But navigating the options and compliance steps will pull you away from attending to profitability, staffing, customer service, marketing and sales.
At RPSI our entire focus is on helping plan sponsors like you define your goals, design a plan to meet them, and smoothly and seamlessly manage all day-to-day details of retirement plan administration.
Expert plan design for the 401(k) plan sponsor
Our experienced team will guide you through the planning process, helping you identify and prioritize your goals, assess tax and budget demands, as well as understand your options related to scope of benefits. We can help with:
- Defined Benefit or Defined Contribution plans.
- Comparisons and proposals for retirement, plan sponsor 401(k) options, and pension plan design.
- Understanding legal and regulatory limitations.
- Work with Profit Sharing, 401(k), 403(b), 457 and other types of qualified pension plans.
Click for more details on Plan Design or call us to discuss your plan needs.
Comprehensive 401(k) and retirement plan administration
As a retirement plan sponsor, you’re always in control of the decisions regarding your plans, so what administrative burdens can you count on us to take off your plate?
Handle all the required paperwork between employees and the plan including providing forms, responding to loan and distribution requests, getting signatures, mailing participant fee disclosures, and more.
Answering technical questions that you or your employees may have.
Tracking employee eligibility for our company plan sponsors.
Ensuring retirement plan compliance, including managing the annual audit.
Let our team serve as an extension of your team to help you manage your plan. Click for more details on Plan Administration or call us to discuss your needs.
Added support for managing your fiduciary responsibilities
As an employer and 401(k) plan sponsor, sometimes it feels like you are bombarded with an endless list of to-do items for your retirement plan. While your 401(k) providers help, sometimes you need more. That is why RPSI provides another level of service and protection through specialized administrative services to companies with retirement plans: 3(16) Fiduciary. An ERISA 3(16) fiduciary acts as THE plan administrator. The 3(16) administrator is responsible for managing the day-to-day operation of the plan.
As a 3(16) Fiduciary, RPSI handles:
- Loan and Distribution Management
- Accept signing authority for loans and distributions
- Review and approve QDROs
- Approve hardship distributions
- Participant Notice (Mailing Services)
- Review provider notices
- Mail notices to participants
- Government Filing Services
- Review and sign the Form 5500
- Review the audit report
- Submit payroll contributions
Have more questions? Give us a call to discuss your plan needs.