Retirement Plan Design Evaluator

  • Retirement Plan Design Evaluator

    Let us evaluate our plan

  • Take a closer look at your retirement plan design. The IRS can disqualify a plan based on certain features. In some situations, a business owner, plan trustee or fiduciary can be held personally and financially responsible for some financial losses with a plan. Let Elliott Cove Capital Management evaluate your plan to ensure it meets your unique objectives.

  • Plan Design Considerations

  • Are owners able to contribute as much to the plan as they would like to?
  • Are company contributions benefiting the right people, as intended by management?
  • Are highly paid employees/owners' contribution limited by ADP non-discrimination test results?
  • Does the plan operate smoothly from an administration standpoint?
  • Is the plan meeting all of the business's objectives?

  • Administrative Service

  • Do you have a dedicated contact that you can call with questions about the plan?
  • Are you able to get answers when you need them?

  • Fiduciary Responsibility

  • Do you know what fees you pay for compliance, administration, recordkeeping and investments?
  • If you know all of the fees mentioned in the previous question, do you feel they are reasonable?
  • Do Participants look to you (manager/owner/sponsor) for help with choosing investments?
  • Do participants have ready access to a qualified investment advisor?
  • Do you and your investment advisor review the plan periodically?
  • If you and your advisor review periodically do you document the discussions?
  • Do you maintain an Investment Policy Statement (IPS)

  • How did you score?  If your score is more than 0 then you might not be receiving the service you deserve.  Scores above 10 indicate you may have some serious fiduciary failures and/or regulatory concerns.

    Enter your name and click on submit if you would like a no-obligation review of your plan.

    For more information click here.

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