If you think you can’t afford to invest, we’ll show you that you
can’t afford NOT to.

If you can’t see where you’re going . . . how are you going to get there?
Contact The Niew Group for a free financial planning consultation.

Are your employees satisfied with your company’s current retirement plan?

The Key Elements of a Successful Retirement Plan

Offering an exceptional retirement plan contributes to the value of your company by creating a high level of employee appreciation and making it easier for you to recruit and retain valuable employees. The four critical areas that typically determine the success of a company’s retirement plan are:

1. Plan Design and Compliance – the plan must demonstrate enough flexibility to meet your unique business needs as well as the ongoing challenges of changing legal requirements and tax regulations.
   
   The evolving legal requirements of the Internal Revenue Code (IRC) and the 1974 Employee Retirement Income Security Act (ERISA) and its subsequent legislation could affect key elements of your company plan. Has your plan been amended and filed with the IRS to meet the requirements of recent legislation changes to maintain its tax qualification?
   
   
2. Employee Communication – a retirement plan must include a strong communication program that relays the latest plan information, provides a solid retirement planning education and encourages employee participation.
   
   The most successful plans are the ones in which employer and plan provider share a mutual concern in maintaining clear communication with all plan participants. Keeping employees informed is the best way to assure their participation in and continued appreciation for your retirement plan. Are your employees comfortable with the knowledge they receive about their retirement plan?
   
   
3. Investment Expertise and Performance – a retirement plan must provide a smart and balanced selection of investment choices designed to meet the performance and risk tolerance requirements of your entire staff.
   
   Satisfactory investment management and optimal investment performance are crucial to maintaining confidence in your retirement plan. Are your retirement plan’s investment choices performing to your satisfaction? Do you know what your fiduciary responsibility is in choosing plan investments?
   
   
4. Comprehensive Plan Administration, Service and Support – your plan provider should offer reliable administrative help, timely responses and plan support on a continual basis.

A capable, professional plan provider can be invaluable to the efficient, day-to-day operation of your company’s retirement plan. Conversely, a plan provider that is consistently deficient with plan administration, service and support can lead to serious problems and erosion of your employees’ confidence in the plan. Does your retirement plan’s service and support meet your needs?

If you currently have a low participation rate in your company’s retirement plan, you may need to review and evaluate your plan provisions including eligibility requirements, vesting schedules, contribution structures and other plan provisions to see how they might be better structured to meet your company’s needs and those of your employees.

The Niew Group works closely with you to ensure your company’s retirement plan is delivering expected results for your employees. We’ll meet with each of your employees on a regular basis, reviewing each individual’s pension/401(k) retirement funds to help ensure their satisfaction with your company plan. With our competitive fees and tremendous selection of investment options we will strive to deliver optimal performance that covers your fiduciary responsibilities.

Contact The Niew Group today to learn more about Pension Management and 401(k) Development. Let The Niew Group energize your company retirement plan and offer your employees great expectations for the days ahead.

The Niew Group can help you Earn it, Keep it, and Grow it.