When you hear a business owner say:
· “I have a 401(k) plan and don’t understand it.”
· “Now that business is good, I would like to start saving for retirement and receive a tax break while doing it!”
· “I received a letter from the IRS/DOL saying they want to review my qualified plan. I need help!”
· “I have a question about my company retirement plan and don’t know who to call.”
Retirement Services provide third party administrative services to qualified retirement plans that are sponsored by businesses. They design, implement, administer, and when needed, terminate the plan. They are qualified to work with the Internal Revenue Service, Department of Labor, and Pension Benefit Guaranty Corporation to fix compliance problems.
How they Work When They complete the annual administration, they will also consider suggested improvements. They review the plan as demographics or pension laws change. They work with the plan sponsor to keep the plan in compliance with current pension laws.
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