Business Retirement Plans
A retirement savings plan helps employers hire and keep quality personnel. Employers want a plan that is easy to administer, as well as participants that are educated and involved. Employees look for growth of their retirement assets while minimizing exposure to risk. Premier helps them understand how to achieve both.
We help businesses improve the efficiency and effectiveness of their retirement plans in the following ways:
- Helping trustees create investment options in their retirement plans that give participants the best chance of reaching their retirement goals while minimizing trustee liability exposure. Premier’s evidence-based investment process helps you identify the varied, yet prudent, investment options that you and your employees want. We’ll give you the information you need to make investment option decisions that will help you manage your risk as a plan fiduciary.
As a fiduciary, you are legally required to ensure that those options are prudent, that plan fees are reasonable, and that participants are properly educated about your plan. Premier provides trustees with a “fiduciary notebook” that allows you to document the prudence of investment option decisions and other information that may be required in a Department of Labor audit.
- Providing ongoing and timely participant education that emphasizes understanding of risk-return strategy relative to retirement goals. Premier’s periodic newsletters promote consistent participant communications. We also hold regular presentations that introduce your team to the financial planning process and bring further clarity to their financial situations.
These approaches help your plan participants understand the importance of a company retirement plan benefit, help them understand investment options, and empower employees to address their retirement planning needs.
- Helping you reduce burden associated with plan admininstration by working and interfacing with your personnel team, the plan custodian and Third Party Administrator. We serve as the primary point of contact for plan participants and any other plan service providers. We’ll help your company simplify and streamline the administration of your plan, removing that burden from your human resources department.
Premier answers participants’ questions, deals with loans and distributions, and manages other administrative tasks. Our support helps you and your employees focus on your core business, gives participants a single point of contact for your plan, and helps participants understand their retirement benefits.
Call Premier today at 707-443-2741 or 800-331-7212 to discuss your business retirement plan options and begin receiving the support you and your team deserve.
