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Retirement Plan Services

A retirement plan is among the most valuable employee benefits offered by an employer. A retirement plan can increase your company's attractiveness and help improve satisfaction, productivity, and retention with existing employees. B&P Retirement Solutions is committed to providing trustees and plan sponsors with effective strategies necessary to maintain a highly successful retirement plan. We help our clients implement plans that pave the way for participants to retire with dignity and confidence. Current government regulations and laws surrounding retirement plans may appear complex, but B&P Retirement Solutions helps make sense of these complexities. Our team helps with the following:

1) Investment Oversight - What funds and how many funds should be offered in a retirement plan? What fees are competitive for the plan that is offered? These are questions we help address to make sure the plan is competitive and managed properly. We review the funds and fees with the trustees of the plan often so the investment line up is always performing at or above their respective benchmark.

2) Risk Management - Our team is focused on reducing fiduciary liability to plan sponsors/trustees. We benchmark service providers specific to plan size, analyze plan design to make sure the best plan is selected for the organization, we can act as a 3(21) co-fiduciary for investment services, and we help educate trustees on their fiduciary responsibilities. These fiduciary responsibilities include safe harbor notifications, timeliness of plan contributions, importance of having an appropriate QDIA, following what is set forth in the plan document, and much more.

3) Participant Education – There are many fears that people have as they prepare for or enter retirement. Questions that surface often are:

  • How much should I save to prepare for Retirement?
  • How should my money be invested?
  • How much do I need to retire?
  • What does a lump sum in a 401(k) plan mean in terms of retirement income?
  • Is there anything I can do to make sure I do not run out of money in my retired years?

These are just a few questions we address. Our team of professionals are here to help build upon retirement readiness. This is a valuable service that many industry professionals overlook in the qualified plan space.

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