RETIREMENT PLAN SERVICES OVERVIEW

In recent years, retirement plans like the 401(k) and 403(b), have transformed retirement planning. As defined benefit plans give way to defined contribution plans, employees become responsible for determining what their future retirement needs will be and to take the necessary steps to ensure those needs are met. The corollary effect is that employers who sponsor retirement plans are under more scrutiny to fulfill their fiduciary responsibilities and operate the plan in the best interest of participants and beneficiaries.

Plan sponsors must comply with a number of fiduciary requirements outlined in the Employee Retirement Income Security Act of 1974 (ERISA), Department of Labor (DOL) and IRS guidelines to operate the plan. Compliance with the regulations while managing a retirement plan can be overwhelming.

At Sikich, we employ a customized, open architecture plan design and services approach. We help you engage employees in planning for their retirement, meet your fiduciary responsibilities as the plan sponsor, and comply with all applicable laws and regulations. The result is a retirement plan that meets your goals and those of your employees.