PLAN DESIGN & COMPLIANCE

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.

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.

TPG Consulting will review the design and operational features of your company’s plan from an unbiased perspective, focusing on:

• Increased employee deferrals and employee tax credit incentives
• Increased employer plan contributions to key employees
• Employee education for increased plan participation
• Tiered and Age-Weighted discretionary contribution formulas
• Online participant access for account balance inquiry and changes
• Key personnel Internet access to plan and participant data
• Paperless enrollment
• Electronic transmittal of payroll, loan, and distribution transactions
• Automatic enrollment/negative election
• Controlled Group plan set-up and design alternatives
• Optimum frequency and educational content of employee communications
• Complying with 404(c) investment guidelines and requirements
• Management of the conversion/transition process