Plan Consulting

Plan Design/Compliance Consulting

Corporate retirement plan consulting is both an art and science. It requires years of experience, technical expertise, and the ability to creatively combine both to derive the optimal solution.

Plan consulting services we provide include:

  • Benchmarking current defined contribution and/or defined benefit pension plan design
  • Benchmarking benefits in a Total Rewards framework (for-profit and non-profit)
  • Conducting cost/benefit analysis of current plan(s) vs. alternatives
  • Auditing plan operations and administrative processes for compliance
  • Conducting sophisticated “coverage” and “non-discrimination” testing per IRC 410(b) and 401(a)(4)
  • Reviewing plan reporting and testing requirements for accuracy
  • Analyzing  all components of fees for investments, custody, and third party services
  • Auditing plans for compliance with ERISA section 404(c)
  • Conducting compliance review of fiduciary governance requirements of ERISA
  • Collaborating  with ERISA Counsel on retirement plan legislative and regulatory matters
  • Designing “deferred compensation” arrangements
  • Developing custom 404a-5 DOL Disclosure Notice