Plan Sponsor Services helps employers manage the essentials of their company retirement plan, with a focus on fiduciary responsiblities, and what they need to do to fulfill them. For plan sponsors and trustees, the service environment is complex and products are difficult to evaluate. PSS is designed to help plan sponsors delegate fiduciary responsbility, manage costs and improve functional performance associated with their employer-sponsored retirement plans. The services offered by PSS can minimize risk and effectively deal with the scrutiny focused on retirement plan fiduciaries.
Pension Protection Act of 2006 (PPA)
Like other parts of the financial services industry, employer-sponsored retirement plans have been exposed to the pitfalls of our battered economy and in some cases, the failed leadership of Corporate America. There are far too many 401(k) and 403(b) plans offering the wrong types of investments, offering too few menu choices, harboring excessive fees and providing inadequate access to good retirement planning and advice. As we continue into a future that leaves questions about Social Security and pensions, we need to proactively solve these problems facing employer-sponsored retirement plans.
The Pension Protection Act of 2006 (PPA), signed into law on August 17, 2006, is the most sweeping pension legislation in over 30 years. Click on DOL or IRS to learn more.
To help plan sponsors manage the responsibilities associated with their employer-sponsored retirement plans — ensuring that services provided to their
plan(s) are effective and that costs
are reasonable.
Click here to see how four essential components work together to assure successful administration and management of 401(k) and 403(b) plans.
