Step Six – Peak Administration Guide
Managing your plan for success.

The vast amount of information necessary to effectively manage a qualified plan can be daunting. Change is constant.

For most plan sponsors, the amount of time available to devote to the management of your employer-sponsored retirement plan is minimal compared to other areas of employee benefit management. However, as a fiduciary, you have an obligation to ensure your plan is compliant with the legislative acts that govern it.

All of those involved in the management of a qualified plan must understand those critical issues that affect their plan including being aware of IRS regulation changes and having a thorough understanding of all plan documents.

So, how do you stay informed and keep up with the changes that affect your company retirement plan?

The Solution
To help with meeting the challenges of managing an effective and compliant plan, The 401k Service Solution™ provides a method in Course Six – The Peak Administration Guide. This course helps identify the sources of information that affect your plan and lays the groundwork for keeping up with the administrative changes in a proactive manner.

This is perhaps one of the most important processes a fiduciary can complete. Without a clear understanding of what the regulations are, you cannot show prudence in the management of your qualified plan. This process helps to educate sponsors and fiduciaries on the regulations that govern qualified plans and keep you updated on issues critical to plan management.

By completing this process, you receive a plan review checklist that helps you address each issue that might pose a liability to the plan. As a plan sponsor, you also have the ability to implement a fiduciary education program specific to those areas you feel you more guidance on.

In the end, this course provides you with a one-year administrative planning calendar to help manage all of the required components of running an effective and compliant retirement plan.