Assess Your Plan Today
Ensure Compliance, Optimize Fees, and Safeguard Your Company
In today’s regulatory environment, high administrative fees and potential ERISA litigation are significant concerns for retirement plan sponsors. The recent landmark cases, such as Hughes v. Northwestern, underscore the need for vigilance in managing plan fees and ensuring compliance. Failing to do so can lead to substantial financial and reputational damage
Why Choose PlanTrust?
In today’s regulatory environment, high administrative fees and potential ERISA litigation are significant concerns for retirement plan sponsors. The recent landmark cases, such as Hughes v. Northwestern, underscore the need for vigilance in managing plan fees and ensuring compliance. Failing to do so can lead to substantial financial and reputational damage.
Here’s how we can help you achieve these goals:
Compliance Assurance
ERISA compliance is critical to avoiding costly penalties and legal challenges. Our expert team continuously monitors regulatory changes and ensures that your plan meets all ERISA requirements. We provide detailed compliance reviews and proactive recommendations to keep your plan up to date with the latest legal standards.
Cost Efficiency
Excessive administrative fees can erode your employees’ retirement savings and expose you to litigation risks. We conduct thorough fee analyses and benchmarking against industry standards to identify and eliminate unnecessary costs. Our goal is to help you achieve a lean, efficient fee structure that maximizes benefits for your participants.
Proactive Management
Managing a retirement plan requires continuous oversight and timely decision-making. With PlanTrust, you receive real-time alerts and detailed reports on your plan’s performance and compliance status. Our advanced analytics and monitoring tools help you identify potential issues before they become significant problems, allowing you to take corrective actions promptly.
Expert Analysis
Our team of ERISA experts provides in-depth analyses of your plan’s structure and performance. We generate customized reports that offer actionable insights, enabling you to make informed decisions about plan management. This expert guidance helps you optimize plan features, reduce risks, and enhance overall performance.
Customized Solutions
Every retirement plan is unique, and so are its challenges. We offer tailored solutions that address the specific needs of your plan and organization. Whether you need assistance with fee negotiation, investment optimization, or compliance strategy, our personalized approach ensures that you receive the support you need to achieve your goals.
Risk Mitigation
Reducing the risk of litigation is a top priority for any plan sponsor. Our comprehensive monitoring service includes regular audits, risk assessments, and proactive alerts about potential compliance issues. By addressing these risks early, you can avoid costly legal battles and protect your organization’s reputation.
Have questions or need immediate assistance?
Our team of experts is here to help. Contact us today to learn more about how PlanTrust can support your retirement plan management.
Contact Details:
- Phone: (800) 918-7305
- Email: success@plantrust.com
Frequently Asked Questions
Find answers to some of the most common questions about our ERISA monitoring services and how we can help you.
What is ERISA compliance?
ERISA compliance refers to adhering to the regulations set forth by the Employee Retirement Income Security Act, ensuring that retirement plans are managed in the best interest of participants.
How does PlanTrust’s monitoring service work?
Our service includes real-time alerts, detailed fee analysis, and comprehensive reports to help you manage your plan effectively and stay compliant with ERISA regulations.
What are the benefits of subscribing to PlanTrust’s services?
Our services help you reduce administrative fees, avoid litigation risks, and improve plan performance, ensuring your retirement plan is compliant and cost-effective.
How often should I review my plans for compliance and fee optimization?
Best practices suggest conducting a thorough review at least annually. However, with PlanTrust’s continuous monitoring, you’ll receive real-time alerts for any issues that require immediate attention, ensuring your plan stays compliant year-round.
What are the potential consequences of non-compliance with ERISA regulations?
Non-compliance can lead to significant financial penalties, legal action from plan participants, damage to your company’s reputation, and personal liability for plan fiduciaries. PlanTrust helps you avoid these risks through proactive compliance management.
How does PlanTrust’s benchmarking tool compare to others in the market?
Our benchmarking tool leverages a comprehensive database of 85,000 Form 5500 filings over 15 years. This allows for highly accurate comparisons based on plan size, total assets, member count, and other key attributes, providing you with precise insights for your specific plan profile.
How does PlanTrust stay updated on changing ERISA regulations?
Our team of ERISA experts continuously monitors regulatory changes, court decisions, and industry best practices. We promptly update our systems and guidelines to reflect these changes, ensuring that our clients always have access to the most current compliance standards and recommendations.
