Installing a Plan is a Team Effort – Don’t Do it Alone
Employers that choose to offer a tax qualified retirement plan for their employees rely on TPAs, such as Pension Plan Consultants (PPC), to help them comply with the IRS’s and the DOL’s rules and regulations. The consequences for employers that intentionally or unintentionally operating a tax qualified retirement plan incorrectly are severe and could include heavy civil or criminal penalties.
To function properly, a plan requires a team that works together. This team includes the employer (plan sponsor), a financial professional, a TPA, and the eligible employees (plan participants).
Financial professionals help determine a plan’s asset providers (investment choices) and educate the employees on the importance of retirement savings and diversifying investments. They work with the TPA to consistently review how to utilize the plan to meet the goals of the plan sponsor and the participants.
The TPA monitors the plan to help ensure it is in compliance with the ever evolving IRS and DOL rules. For example, among the hundreds of rules to follow, one states that no eligible employee can be discriminated against-each employee at the company should be afforded the same opportunity to participate or not. In addition to helping ensure a plan’s compliance, PPC provides consultation and teaches plan sponsors how to operate a plan properly.
PPC provides all levels of plan administration, compliance testing, plan design, daily valuations, government reporting, plan implementation, and retirement plan document preparation. The firm is independent from any particular investment vendor, and does not manage any plan assets. An independent TPA gives the plan sponsor and the financial professional the most flexibility should the plan sponsor decide to select a different asset provider, a different financial professional or a different TPA. Independence is at its best since these roles are all separate.
Looking for a NO COST independent review of your existing plan? or interested in starting a new plan?
Download the forms below and Email fax to (877) 626-7576 or fax us your current plan valuation provided by your TPA. Don't have one? If you were a client of PPC, this is the valuation you would receive annually to help you fulfill your fiduciary responsibilities.
 
| Census - Use this form or file to submit census data. Please list all employee’s even if they are part time. Also identify all owners and family members of those owners.(If you need help saving the file using the encryption password for the highest level of security, please contact our office) |
| Employer Questionnaire – Use this form to allow identify your company and the retirement plan you have or would like to see. |
| Takeover Documents Checklist – All the items on this checklist are necessary to provide a proposal and also serves as an additional audit of the items needed to comply with a qualified plan. |
If you are interested in learning more about Safe Harbor plans, click here for an informative document