Retirement Plan Management
Retirement Plans of All Types, for Organizations of All Sizes.
Don’t Get in Trouble with the Department of Labor
Is Your Company in Transition – Buying/Selling/Acquiring?
- Have you conducted a liability audit of the defined benefit programs?
- Are the Company 401(k) fund expenses reasonable? Is the selection of funds appropriate for the needs of the employees?
- To merge plans or to terminate? – what is best for your business interest?
- Be aware, even if a plan has been completely terminated, the IRS reserves the right to audit the plan for up to 5 years.
The Employment Retirement Income Security Act (ERISA) Issue:
- Under ERISA’s “prudent-person” rule a plan fiduciary that is not qualified to make informed investment decisions must seek expert assistance.
- Most firms do not have the internal controls in place to ensure operational compliance with plan terms under ERSIA regulations.
- When you do not have the professional experience, selecting and monitoring the investment funds is not only challenging, it is a potential liability.
ESAM provides the liability audit service to uncover the embedded fees, conflicts of interest, service incapabilities and contract limitations inherent in a retirement plan.