Why TPA? Why RetireWell?
WHY YOUR COMPANY’S 401(K) PLAN NEEDS A THIRD-PARTY ADMINISATRATOR (TPA)?
- Expert oversight of plan provisions
- Plan design to meet goals
- Complicated plan design
- Oversight of deadlines and filings
- Preparation of illustrations and projections
- Verification of contributions and timeliness
WHY YOUR COMPANY’S 401(K) PLAN NEEDS RETIREWELL AS ITS TPA?
RetireWell provides plan design consultation to ensure your plan meets the financial and savings needs of you and your employees. Our on-staff ERISA attorneys and Senior Plan Consultants are up to date with changing regulations and knowledgeable of all plan types. The fact that RetireWell has ERISA attorney ownership means that our firm is sensitive to compliance issues. As the needs of your organization changes, our staff can assist to ensure the design and operation of your plan are structured to meet these needs.
RetireWell monitors your plan’s compliance with the law to ensure your plan remains “tax-qualified”. We prepare annual compliance testing and necessary filings. Additionally, upon request, mid-year projections can be prepared, enabling the plan sponsor to project costs and make informed decisions.
Complicated allocations can allow those you wish to reward with a greater share of employer contributions. RetireWell’s staff can discuss “pro-rata”, “integrated”, “new comparability” and “age weighted” contribution formulas to allow for the best decision for you and your organization.
Every RetireWell client is serviced by a dedicated Senior Plan Administrator. This allows you to develop a working relationship with the administrator who will ensure your needs are met timely and accurately.
RetireWell offers ancillary services to ease the burden of administering the plan on your staff. Examples of the services RetireWell will perform for you include employee mailings, upload payrolls, oversee small balance cash outs, calculate eligibility, allocate employer matching contributions and profit sharing allocations.