How well you incorporate the various options available to your Plan depends on your knowledge of the various options available and how well your plan administrator keeps you informed. Complimentary plans can be established to provide a benefit to both the employer and the employees. For example, the use of 401 (a) plans and FICA Alternative Plans, when combined with 457 deferred compensation plans can provide very cost effective solutions for your benefit program.
Our experience in creatively designing the right solution for government plans is unique to Retirement Plan Solutions. We have a broad knowledge of several "Best -in-Class" plan designs, along with creative application of tax code and legislation - resulting in a plan design that will move your plan to the forefront and add real value to your employees benefit program.
Plan compliance reviews have helped us find various plan improvements because many of these plans were outdated and missed several opportunities. We were able to modernize and upgrade many plan features, creating a much more competitive employee benefit program. With EGTRRA many enhanced features for the participant may be missed because of your plan administrator's inability to react to all the changes. As plan sponsor, you need to evaluate what changes you want to incorporate into your plan and when.
We at Retirement Plan Solutions can provide you an assessment of your current plan and help you formulate what is the best retirement portfolio available to meet your benefit objectives. We can provide objective information that you need to make the best decisions for your plan.
