Retirement Plan Consulting
Plan sponsors can be overwhelmed by their obligations to a number of parties: Congress, Department of Labor, and even their own employees. TP Investment Advisory Services’ objective is to understand and address the evolving interests of plan sponsors and their employees. This specialization allows us to work with and build progressive, well run, and cost effective retirement plans.
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- How we can help make your Retirement Plan better?
- With TP Investment Advisory Services as your advisor and proponent, we help you find quality plan administration services, provide employee education and communication, help construct a quality investment lineup, and objectively monitor your plan vendor. With access to 60+ tier one vendor options we work to ensure that your companies changing needs are being met. We work with Profit Sharing, 401k/403b, 457, and Defined Benefit including Frozen and Non-Frozen plans as well as Executive Bonus Programs. You need the best possible guidance if you are a fiduciary to a retirement plan.
- Is your Retirement Plan Designed Properly?
- Our plan review and design process helps lay the groundwork for a successful plan. It begins with a sound strategy and progresses with attentive execution. Our Retirement Plan checklist includes 50+ check points to review for your plan.
- Other determinations in good design:
- Fund flows into the plan
- Account balances
- Eligibility Requirements
- Vesting Schedules
- Fee and service benchmarking
- Full fee and revenue analysis
- The foundation we provide supports a more complete understanding of your needs rather than a cookie cutter vendor strategy. With access to over 60+ Tier 1 Providers our approach focuses on a few key areas in evaluating a vendor relationship and getting the right product fit your company and employees. This includes whether the price structure is correct and whether the investment options are robust enough.
- Is a Plan Conversion Necessary?
- Not in all cases. We know Plan conversion can be disruptive and confusing. Initiating a conversion requires proper coordination and smooth execution. As your advisor and primary contact, we provide support and assistance to you. One of our jobs is to ensure that your company and employees’ needs are met through communications from all parties involved including the service provider and other professionals so that you are fully informed throughout the implementation process.
- Do you or your HR people have adequate support?
- Through the use of Fiduciary Briefcase, a proprietary portal designed to be your private filing system in the virtual world, you will house meeting summaries, compliance documents, newsletters, and much more. The Fiduciary Briefcase affords your committee 24/7 access to pertinent Plan information and readily prepares your Plan for audit.
- Are you meeting your employees educational needs?
- Getting participants ready to retire is a big job. We work with Plan Sponsors to design an education program to help your participants work toward their retirement goals. This may include group meetings, one-on-one meetings, and retirement projections.
- Are you fulfilling your on-going Fiduciary requirements?
- Many plan sponsors do not know their fiduciary responsibilities under the law. We utilize a Fiduciary Fitness Program to help measure the health of the retirement plan and its ability to operate in Accordance with ERISA. For Presidents, CFOs and CEOs with fiduciary responsibilities to the Plan, we will prepare a detailed annual review to present to Retirement Plan Committee.