Riverside Office : 951.376.3876 |
Fax : 951.399.3966

Retirement Plan Assistance

Our seasoned professionals work closely with our clients to help them pursue more efficient results from their company’s retirement plan. As an independent firm, Renaissance Wealth Management has no obligations to investment product manufacturers and no cross-sell quotas or other home-office directives that may lead to conflicts of interest. This independence allows us to put our clients’ interests first at all times.

We offer the following executive benefits:

  • On-going Plan Review

    • Assist in review of plan investment documents and help monitor for effective operation
    • Assist in review of plan investment fees and costs annually
    • Assist with monitoring of plan document for changes in the regulatory environment
    • Assist in review of plan service provider administrative services
    • Assist in Review of plan design features for competitiveness within industry
    • Provide benchmarking information as needed
  • Investment Review and Monitoring

    • Provide Investment Due Diligence support using proprietary analysis tool
    • Provide Reports comparing investment options to benchmarks
    • Provide reports regarding investment management expenses
    • Analyze investment options for diversification
    • Consider appropriateness of investment options
  • Investment Policy Statement Assistance

    • Assist with review and/or preparation of an Investment Policy Statement
    • Help monitor adherence to the Investment Policy Statement
    • Assist with changes to Investment Policy Statement, as needed
  • Participant Education and Communication

    • Review education and communication plan with committee and service provider
    • Suggest enhancements to participant education program and assist with implementation
    • Monitor education/communication program for effectiveness and make necessary changes based on results
    • Provide support with conducting employee meetings as necessary
    • Provide individual question & answer sessions and/or retirement planning education sessions for participants if requested/authorized by client
  • Provider Search

    • Appraise/review plan vendor and fees
    • Develop bid specifications
    • Prepare a Request for Proposal
    • Conduct marketplace search
    • Review and analyze proposals
    • Provide vendor fee and service comparison
    • Prepare written analysis of vendors
    • Introduce alternative vendors, as needed
    • Assist with finalist interviews
  • Assistance with Plan Implementation

    • Consider plan enhancements
    • Review plan document with plan sponsor and vendor
    • Review employee communication and enrollment process
    • Assist with the review and/or preparation of an Investment Policy Statement
    • Coordinate conversion process
    • Orchestrate transfer of assets, plan, and participant records

    Additional Services:

    • Review roles and responsibilities of decision makers
    • Attend 401(k) committee meetings as requested
    • Help the committee facilitate their due diligence process, suggest enhancements and assist with documentation as requested
    • Assist human resources with day-to-day operational issues and provide administrative and problem resolution support
    • Provide pro-active client support via regular contact with plan administrator
    • Provide annual plan review
    • Suggest guidelines for effective plan operation
  • Compliance and Legislative Support

    • Act as liaison with service provider and educate plan sponsor regarding plan compliance procedures, i.e., non-discrimination testing, 5500 filings and plan amendments
    • Keep plan sponsor informed by providing updates regarding legislative changes that may affect the plan
  • Plan Design Assistance

    • Increased employee deferral limits and employee tax credit incentives
    • Online participant access for account balance inquiry and changes
    • Key personnel internet access to plan and participant data
    • Paperless enrollment
    • Electronic transmittal of payroll, loan and distribution transactions
    • Automatic enrollment/negative election
    • Optimum frequency and educational content of employee communications
    • Assistance with 404(c) investment guidelines and requirements
    • Conversion/transition process
    • The relationship between loan incidence and plan participation
    • Tiered and Age-Weighted discretionary contribution formulas
    • Controlled group plan set-up and design alternatives
    • Management of the conversion/transition process
    • Complying with 408(b)(2) fee disclosure

Financial consultants of Renaissance Wealth Management are registered representatives with, and securities offered through, LPL Financial, Member FINRA/SIPC. Investment advice offered through Independent Financial Partners, a registered investment advisor. Independent Financial Partners and Renaissance Wealth Management are not affiliated with LPL Financial.

The LPL Financial representative associated with this website may discuss and/or transact securities business only with residents of the following states: AK, AZ, CA, CO, NY, UT