401(k) Plan Sponsor
Whether a new plan or redesign of an existing plan, we can help companies of all types and sizes design the perfect retirement program.
- Profit Sharing
- Money Purchase
- Defined Benefit
- Executive Nonqualified Deferred Compensation
Benefits of Sponsoring a Retirement Plan
Keeping yourself informed about different aspects of retirement plans and retirement planning is important. The Department of Labor produces a number of publications to help employers design, educate and operate effective retirement plan programs. Check out these helpful publications at http://www.dol.gov.
Understanding Retirement Plan Fees and Expenses
As the sponsor of a retirement plan, you are helping your employees pursue a secure financial future. Sponsoring a plan, however, also means that you, or someone you appoint, will be responsible for making important decisions about the plan’s management. Your decision-making will include selecting plan investments, investment options and plan service providers. Many of your decisions will require you to understand and evaluate the costs of the plan.
Selecting an Auditor for Your Employee Benefit Plan
Generally, federal law requires employee benefit plans with 100 or more participants to have an audit as part of their obligation to file an annual return/report (Form 5500 Series). If your employee benefit plan is required to have an audit, one of the most important duties of the plan administrator is to hire an independent qualified public accountant. The sponsor of the plan is the plan administrator under the law, unless another individual or entity is specifically designated to assume this responsibility.
Meeting Your Fiduciary Responsibilities
Offering a retirement plan can be one of the most challenging, yet rewarding, decisions an employer can make. The decision impacts employees participating in the plan, their beneficiaries, and the employer benefit when a retirement plan is in place. Administering a plan and managing its assets, however, require certain actions and involve specific responsibilities.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Delta Community Credit Union and Delta Community Retirement & Investment Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Delta Community Retirement & Investment Services, and may also be employees of Delta Community Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Delta Community Credit Union or Delta Community Retirement & Investment Services. The Delta Community Retirement & Investment Services site is designed for U.S. residents only. The services offered within this site are offered exclusively through our U.S. registered representatives. LPL Financial Registered Representatives associated with this site are licensed in all 50 states. Securities and insurance offered through LPL or its affiliates are: