As a business owner, the retirement plan industry can be a complex world. To add to that, it is constantly evolving. With rules and regulations frequently changing, our team works continuously to remain knowledgeable on the most current laws and regulations governing your plan. At Benefits Administrators, we recommend that every plan sponsor review their current plan every three years. A review can ensure the following benefits:
- Help reduce your potential penalties to ensure that your plan is in compliance with the legal requirements set forth by the IRS and DOL.
- Make sure your plan fees are reasonable and the plan is achieving participant’s retirement goals.
- Find out if you and your employees are getting the most out of your retirement.