Retirement Planning: A Commitment to Good Corporate Governance
All successful companies recognize that good management is the core of success. Even the most ingenious business idea relies on intelligent management. This principle is just as critical in retirement planning—good intentions alone aren’t enough.
Good management also means corporate governance: a system of rules, practices, and principles that balance the interests of all stakeholders, including shareholders, employees, suppliers, financiers, and the broader community.
Retirement Planning at PSI: Balancing Competing Interests
At Pension Services, Inc. (PSI), we approach retirement planning as a balance of competing interests. Our goal is to maximize employee benefits while minimizing tax exposures, protect corporate interests, and uphold employees’ financial security.
With frequently changing regulations in taxes, labor law, and corporate responsibilities, retirement planning demands a comprehensive understanding of the regulatory landscape. Our team’s expertise spans corporate governance, financial oversight, and compliance with complex legislation.
PSI’s Independent Expertise
PSI operates independently from the insurance and brokerage industries, focusing solely on our clients’ best interests. Our specialists are trained in corporate governance, with a focus on the legal and operational aspects of retirement planning.
Our Core Legal and Compliance Services
PSI’s legal team, including two ERISA attorneys and a certified legal assistant, collaborates with your legal staff to provide comprehensive plan support:
- Preparing and updating plan documents
- Drafting and finalizing technical amendments
- Issuing legal and financial notices to participants
- Applying for IRS determination letters
- Submitting IRS approval forms
- Preparing and filing annual DOL and PBGC reports
- Providing IRS, DOL, and PBGC audit support
- Assisting investment providers in plan implementation
- Submitting required plan restatements
- Issuing notices to plan participants
- Monitoring legislative changes to ensure ongoing compliance
Comprehensive Compliance Support
Plan sponsors can feel confident knowing that PSI provides the administrative support and expertise necessary to meet all regulatory requirements set by the IRS, DOL, PBGC, and local agencies. Our knowledgeable staff ensures compliance with ERISA, IRS, and DOL regulations while addressing issues such as non-discrimination testing, record-keeping, and accounting discrepancies.
PSI is here to guide your business through the complexities of retirement planning with a focus on good corporate governance and a commitment to your organization’s success.