Retirement Plan Services

Retirement Plan Services

The area of fiduciary responsibility is of particular importance in today’s retirement plan environment. An annual review of your retirement plan, as well as a current Investment Policy Statement documenting your investment selection and monitoring policies & procedures are key steps toward meeting your fiduciary responsibilities.

How We Can Help

At Wealthcare Financial Group, Incorporated our retirement plan consulting services focuses on enhancing the efficiency and operation of your organization’s retirement plan and increase the value of the plan for you as the plan sponsor and participants. Investments, plan design, employee education and client relationship management are all key areas where we can provide assistance.

We focus on meeting employers’ retirement plan needs. In reviewing retirement programs, some things to consider include:

1. Compliance issues that impact the tax-qualified status of your plan.
2. Plan design, focusing on options that may favor highly compensated and/or longer-term employees.
3. The quality and variety of investment choices available to employees and the due diligence and documentation process of their selection and ongoing review.
4. The true “net cost” of the plan by taking into consideration both billed (administrative) and un-billed (investment) expenses.
5. The appropriateness of bundled vs. unbundled administrative approaches.
6. The quality and effectiveness of employee communication procedures and materials, including educational opportunities.
7. Review discretionary employer contributions budget objectives and alternatives.
8. Review participation levels and provide information regarding plan features that may help participants increase their contributions.
9. Review compliance-related issues, including discrimination test results, bonding, 5500 forms, audit needs and 404(c) requirements.
10. Review plan sponsor satisfaction with administration, record-keeping and management fees.