Plan Design Services

In the world of retirement plans, only one thing seems certain: change is constant. Over the last decade, Congress has burdened plan sponsors with an overwhelming volume of legislation, making continual review of retirement plans essential. It is critical that the legal, compliance and design aspects of a plan are current.

Not all retirement plans are created equal. Effective plan design can result in more effective allocation of employer dollars, enhanced benefits for Highly Compensated Employees, and greater plan participation rates by your employees. While legislation dictates uniformity for certain plan features, recent changes in law are aimed at increasing employee participation and restoring some of the incentives and benefits previously lost by plan sponsors. ASSURE Financial Services will help determine your company’s goals for your plan and suggest possible modifications to your plan structure—along with the pros and cons of each, and the potential costs.

In these times of change, it is important to have a firm who can understand and work with your plan's:

• Potential benefits of adopting a Safe Harbor plan design
• Automatic Enrollment of newly eligible employees
• Electronic transmittal of payroll, loan and distribution transactions
• Optimum frequency and educational content of employee communications
• Provide checklists and education on ERISA §404(c) investment guidelines and requirements

Effective plan design isn’t a one-time activity. ASSURE Financial Services initiates proactive conversations after plan design changes are implemented, to determine their efficacy and to identify if further adjustments may be warranted to further your goals. Periodic reviews of plan design trends, changing regulations and newly available vendor features are also an ongoing part of our service.

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