Our unique model allows the Plan Sponsor to outsource as much legal liability and responsibility as the law allows by assuming Fiduciary level plan administration and consulting services on your retirement plans. Our mission is to ensure your retirement plan remains exceptionally compliant with the evolving rules and regulations. We have a core belief that most plan sponsors want to operate the plan according to the rules and laws outlined in ERISA and the plan document, but do not have the experience to do so. By outsourcing this responsibility to a professional in the field, it frees them up to focus on and operate their business.
To do so, we perform the following services:
• ERISA 3(38) Investment Manager – final decision maker on which investment options to allow in the plan
• ERISA 402(a) Named Fiduciary as identified in the plan document – responsible for decisions to hire and monitor other service providers, i.e. the record keeper
• ERISA 3(16) Plan Administrator as identified in the plan document – responsible for plan administration, governmental filings, working with the plan auditor and a myriad of other administrative items
By having Retirement Plan Fiduciaries take on these roles, Plan Sponsors no longer need to be burdened by administrative tasks and can rely on us to handle all daily tasks and keep the plan compliant. Additionally, Retirement Plan Fiduciaries serves as the main point of contact for both participants and Plan Sponsors removing much of the need to communicate directly with other third-parties such as record keepers, trustees, actuaries, and auditors.
Plan Design Consultants
RPF has over 40 years of experience designing, implementing, and administrating retirement plans and can assist businesses with start-up or existing plans including:
-401(k)s: Traditional 401(k), Safe Harbor 401(k), Simple 401(k)
-Traditional Defined Benefit (Pensions) and Cash Balance Plans
-401(a), 457(b), and 403(b)
-Profit Sharing, Hybrid, ESOPS, and Nonqualified Plans
-Simple and SEP IRAs