Retirement Plan Services
Our consulting process is differentiated by five key elements:
Focus on employer's goals:
We begin by designing your company's retirement plan based on the employer's primary benefit goals. Whether that means generating the maximum tax benefits for the sponsoring corporation, business owner, and key employees, or targeting a goal of employee retention and attraction, we can accommodate these objectives by properly combining specific plan provisions. There are a multitude of plan provisions allowed by the IRS; such as various service requirements, testing methods, HCE (Highly Compensated Employee) definitions, vesting schedules, as well as many other custom plan options typically not found in standard prototype plan documents.
Constant plan review and updates:
Retirement plan rules and regulations are dynamic and require constant monitoring to ensure plan compliance and optimization. In order to achieve the intended benefits of your retirement plan, we constantly review your plan provisions and monitor the effectiveness of the plan. We consider participation rates, average deferral percentages, plan investment choices, contribution diversification, account management usage, loan activity, and plan growth. If there is an area that needs attention, we address it.
Throughout our history, we have forged relationships with leading firms in the retirement plan arena. We believe that our clients are best served by coordinating the efforts of our strategic partners who are experts in their respective fields.
Rather than trying to manage all aspects of the retirement plan, we use our resources to connect plan sponsors with specialized firms in each area of the retirement plan process.
While we specialize in investments, we add value by coordinating with other service providers to maximize the effectiveness of the plan for participants and the plan sponsor.
One of our strategic partners is a leading qualified retirement plan administration firm in the Washington, DC area with whom we have developed a 25-year long working relationship.
When it comes to your employee's enrollment/education, we take the time to work with you to build a customized enrollment strategy that targets the needs of your employees. We are available to provide group presentations and one-on-one meetings with each of your employees.
Since (k)RPG is not affiliated with an insurance company, bank, or investment company, we have positioned ourselves to provide allegiance to our clients first and foremost with out any inherent conflict of interest or bias.