Plan governance is the administrative protocol that helps assure you are managing an effective and compliant plan. With increased scrutiny of retirement plans combined with ever-changing rules and regulations, you want to be confident that you’re in the driver seat of your plan’s compliance. We understand your need for clear guidelines on what you’re required to do to maintain a compliant plan and how to operate the plan in the best interest of plan participants.

Policies & Procedures
Effective plan governance is paramount. Employers need to ensure they meet fiduciary responsibilities, abide by regulatory requirements, and minimize the risk of litigation and negative press. Formal review procedures can help you find and prevent mistakes in administering your plan. Why? Mistakes left uncorrected could endanger your plan’s tax-favored status. To help our clients meet these duties and standards, our experienced team of consultants thoroughly evaluate the plan, review existing internal controls, understand goals and subsequently help create processes and procedures that help conform to practice on a consistent basis.

Committee Charter
Carrying out fiduciary responsibilities require expertise in a variety of areas and establishing a plan committee is a great first step in covering these areas. A committee is imperative because not only properly structured and resourced committee serve as a critical foundation on which a retirement plan thrives, it also helps focus periodic and systematic attention on matters important to the operation and administration of the plan. We help our clients create committee charter that defines committee’s purpose, responsibilities, and its process for conducting reviews and resolving issues.