Your Company’s Trusted Retirement Plan Consultants

Review Your Different Plan Options With a Retirement Plan Consultant

Every company has different goals and objectives. Your retirement plan should reflect that. Does your plan offer the maximum benefit to you?

Warren Averett’s retirement plan consultants can evaluate and recommend a design that will meet your goals. If you offer a Simplified Employee Pension (SEP) or a simple plan (or if you don’t currently offer a retirement plan of any kind), a review of the different plan options could be a tremendous advantage to your organization. One of our retirement plan consultants can walk you through what’s in your company’s best interest and make recommendations for your employee benefit goals.

Even if you already have a retirement plan, it’s still beneficial to review employee benefit plan options every few years to ensure that your plan design is optimized and that the fees are reasonable. As your business matures, your business plan should too. Your company’s retirement plan is no exception.

Our retirement plan consultants can recommend plan amendments or termination when warranted. We can assist with determination of eligibility, vested benefits for each employee and your unique compliance requirements. We can also work with any investment advisor a trustee chooses.

Review Your Options With a Retirement Plan Consultant →

Selecting Your Retirement Plan Consultant

We know it’s a challenge because we know the regulations you’re working with. There’s a lot at stake when you’re picking a retirement plan consultant.

The Employee Retirement Income Security Act of 1974 (ERISA) mandates that the fees paid to third-party administrators of an employee benefit plan must be “reasonable.” This can lead many companies to feel like they’re bound to the provider with the lowest fee. But did you know that providers with the lowest fees may also be the ones with the least experience and technical expertise? Remediating certain issues with retirement plans can actually cost more in the long run than avoiding those errors in the first place.

A reasonable fee doesn’t have to obligate you to a discount provider. We believe that fees should be transparent and honest—based on realistic expectations and reflective of the services you’ll receive—and that retirement services should be something that is specialized and offered by a retirement plan consultant, not something performed by a generalist. If you’re looking to set your company apart, be compliant and receive the maximum benefit, that’s what sounds reasonable to us.