Retirement Plans
Saving for a successful retirement is one of the most important decisions an employee will ever make. Providing your employees a cost effective retirement plan is one of the most important benefits you can offer.
Most of our clients, companies like yours, want to help their employees plan and save for retirement, but see high costs, strict compliance regulations and low participation as frustrating obstacles. Vantage Benefits Administrators can help you design a retirement plan that will:
- Lower plan sponsor and participant costs
- Remove the compliance burden from your human resources department
- Give each participant the freedom to direct their retirement savings
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Find out More About
VBA’s Retirement Plan Administration Services
CURRENT CHALLENGES
Vantage Benefits maintains industry leadership in providing successful and cost effective retirement plans through expert analysis of current challenges employers face:
- Balancing the costs of retirement benefits while attracting and retaining high-quality employees
- Providing effective communications and retirement planning education to meet the evolving needs of employees
- Restoring participant confidence in company-sponsored plans, due to the effects of reported corporate accounting and mutual fund scandals, increasing participant cost, lack of investment choices, and poor administration services
- Identifying fiduciary roles and responsibilities and on-going due diligence to reduce fiduciary risk
FIDUCIARY RESPONSIBILITY
Identifying fiduciary roles and responsibilities and on-going due diligence can reduce fiduciary risk and are vital aspects of the design and maintenance of successful retirement plans.
Vantage Benefits provides plan sponsors with the necessary tools to effectively manage fiduciary responsibility. Through our comprehensive analysis, design, and implementation, plan sponsors can feel confident that they are operating their plan in the best interest of the participants and thus minimize their fiduciary liability.
Current Fiduciary Landscape
- An aging “baby boomer generation” with insufficient retirement funds
- Employees becoming aware of “hidden fees” being charged to their accounts for plan expenses
- Mutual fund trading scandals and their affect on plan fiduciaries
- Downsizing of HR staff and or pressure to cut benefit costs
Our services are designed to lower a client’s exposure to fiduciary liability, provide guidance for vendor selection and maximize benefits for the plan sponsor and its participants. We rely on effective plan design, daily record keeping, plan administration, and employee communication to successfully meet these goals.
Declare your freedom from high plan costs, compliance burdens and plan limitations. VBA delivers cost-effective retirement plans your employees will want to participate in.
