If you’re a business owner, you know you need to offer a great retirement plan to attract and retain talent.
But increasingly, these retirement plans are being targeted with lawsuits.
This litigation unfortunately has shown no sign of letting up. And there’s even a more important reason to make sure that your plan is administered properly: you may be personally liable (in addition to your businesses’ liability).
There’s no better time to get on track with a best practices approach to meeting your plan sponsor requirements. At Foran Financial Group, our team has been helping plan sponsors for over four decades.
We can assist with the following plans and other employee benefits:
- 401(k) plans
- Money Purchase
- Defined Benefit
- Cash Balance
- 403(b) (Tax Sheltered Annuity)
- Employee Stock Ownership (ESOP)
- Section 125 Cafeteria/Flexible Spending Accounts
We take a consultative approach to help ensure the proper design and implementation of the plan. Our services include:
- Plan design consulting, to help ensure that you end up with a plan that is compliant with all laws and regulations.
- Plan implementation services, to help ensure that everything is put in place properly, and properly documented for your protection
- Annual administration support, where our team can provide reminders, guidance and documentation to help ensure that all administration tasks are completed on time and per requirements.
Contact us for more information or to schedule a free consultation.