In our world of retirement plans, only one thing is certain: CHANGE is constant. Congress is continually placing more burdens on plan sponsors with an overwhelming volume of legislation. It is critical that the legal, compliance and design aspects of your plan are kept current. Palmer Retirement Consultants will analyze the design and administrative features of your company’s plan from an unbiased perspective.
Review process includes:
Having to review retirement plan provider proposals can be time-consuming, confusing and frustrating. Too often, vendor-provided proposals do not include enough information to determine administrative, record keeping, compliance and employee communication services. Total plan costs are usually impossible to determine from the face of the proposals.
Palmer Retirement Consultants is the Plan Sponsor’s outsource partner in the plan provider review process. PRC does all of the plan vendor research, which enables Plan Sponsors to eliminate the confusion and frustration of selecting a 401(k) provider. We dramatically reduce the amount of time plan sponsors must allocate to the evaluation of new plan providers.
For those plan sponsors satisfied with their current vendor, but needing better advice, PRC can easily be named new broker of record to provide all services on your existing plan.
A good communication program is critical to the success of a company’s retirement plan. At Palmer Retirement Consultants we understand the development of an effective communication program varies greatly from business to business. We review the wide variety of options available with your retirement plan committee and create the most appropriate program for your employees.
Consistent communication of the plan increases employee understanding and participation while raising appreciation of the benefit.
Communication Services provided: