Business Retirement Plans

A competitive retirement plan program helps your company attract and retain quality employees.  However, determining which plan best suits the needs of your company and workers can be difficult.  Add in ongoing administration once the plan is established as well as fiduciary responsibilities, monitoring investments, staying on top of legislative changes, and providing plan participant education can be overwhelming.  You can turn to North Central Investment Services to help you:

• Identify the appropriate plan to address your goals
• Review your current plans effectiveness
• Meeting your fiduciary obligations 

What We Do

Plan Selection to Address Your Goals - We can work together to review the advantages and disadvantages of various plans to make sure the plan aligns with your business goals.  Types of plans we can evaluate include 401(k), Profit Sharing, Cross-Tested, Money Purchase, 403(b), SIMPLE 401(k) and Defined Benefit plans as well as SEP and SIMPLE IRA’s.

Review Your Current Plan’s Effectiveness – We will work with you to review plan participation and deferral rates to determine if design changes or educational enhancements can improve these outcomes.  We will also help you review your current investment lineup to make sure it is suitable and allows for appropriate diversification.  Finally, we can review the current platform (participant recordkeeping, trust services, plan administration, web site access and employee education tools) to make sure it is competitive.  If not, we will conduct a search for a new service provider and stay involved to ensure a seamless transition.

Meeting Fiduciary Obligations – We will assist you by providing a sample written Investment Policy Statement, help monitor the plan’s investment, and meet with the plan’s investment committee to review plan performance.  We will conduct regular fee reviews to assure that expenses are reasonable for the services provided and are comparable to appropriate benchmarks.  Finally we will make sure your plan participants have access to plan and investment education tools and guidance through both electronic and in-person channels.

For more information about North Central Investment Services Business Retirement Plan Services, contact Lou Wasilewski at 815-894-2386.