Retirement Plan Consulting

Are All Retirement Plans the Same?

When it comes to retirement plans, it is definitely not a “one size fits all” world. Deciding on the plan that best suits you and your employees is difficult without expert help. One type of plan design that ideally meets the needs of one company may be totally inadequate for another. Even businesses with similar objectives may need different types of plans based on factors like employee age and current income. New laws and regulations make each year a challenge to keep your plan qualified and meet the company’s objectives at minimum cost.

The Most Expensive Fee in your Retirement Plan

The most expensive fee in any retirement plan is a poor performing investment. Most small and medium size businesses are limited to a standard plan design using a small number of investments from a single fund family. While this may lower certain fees charged by the administrator, it generally results in lower investment returns for the plan participants. As a fiduciary, plan sponsors have a responsibility to offer participants a broad range of investment options with diversified risk/return characteristics and to monitor the selected investments and take action when necessary. Not only do most plan sponsors need help selecting and monitoring investments, they need their administrator to be willing and able to trade the funds that offer the best returns for the participants.

Design. Documents. Investment. Education.

Rampart Advisors is a full service retirement plan consultant and administrator that can meet all of the unique needs of your business. Our certified retirement plan professionals can provide you with expert advice and an estimate of the expected costs and compliance issues for virtually any type of plan. We offer a complete set of documents that use language pre-approved by the IRS, lowering your filing fees and increasing compliance. Your investment advisor can select from over 15,000 mutual funds from over 300 families, making certain you can offer the top performing investments from each asset class. And you will receive our quarterly investment monitoring report that gives you everything you need to make sure you are fulfilling your fiduciary obligations required by the IRS.

In addition, we can help increase participation in your plan by providing your participants with personalized enrollment materials that estimate their retirement account balance assuming different contribution rates and investment returns. In fact, we can even show the “costs” of delaying their participation in the plan if they decide not to contribute at the present time. You can also use our third party investment advisory service and offer your participants access to personalized investment advice from a nationally recognized group of financial planners that are familiar with your plan and the current investment lineup.

To find out more about our Retirement Plan consulting service, complete an Information Request Form and a member of our Business Development team will contact you to schedule a Needs Analysis.