Retirement Plan Feasibility Studies
In today’s competitive business world, retirement planning isn’t just an option—it’s essential. Companies need to attract top talent and effectively compensate key employees. Just as with any major business initiative, a feasibility study is the crucial first step toward a solid retirement program.
PSI’s Comprehensive Feasibility Study
At PSI, our experienced multidisciplinary team conducts a thorough analysis to ensure retirement plans are tailored to meet specific client needs. We cover all critical aspects of retirement planning, including:
- Identifying benefits for the company, employees, and management
- Determining the most suitable plan type for the client’s goals
- Assessing the optimal number of employees to support plan viability
- Designing a plan to attract and retain skilled workers
- Establishing eligibility criteria, initial investments, and maximum contributions
- Defining benefits and planning for future adjustments
- Managing administrative costs and tax implications
- Effectively communicating plan details and benefits to employees and management
- Evaluating tolerable or desirable levels of risk
- Ensuring the long-term sustainability of the plan
The Competitive Advantage of a Sound Retirement Plan
In a tight labor market, a well-designed retirement plan is one of the most powerful recruitment and retention tools available. Retirement benefits enhance employee loyalty and contribute to the company’s long-term performance by boosting retention and job satisfaction.
Since 1989, PSI’s professionals—bringing over 100 years of combined experience—have managed over 1,000 retirement plans across the U.S. and Puerto Rico.
Our skilled actuaries, accountants, attorneys, and administrators are equipped to understand, analyze, and communicate your organization’s retirement objectives.
Customized Planning with PSI
Each company we serve is unique, whether it operates in telecommunications, pharmaceuticals, or copper mining. At PSI, we recognize that a company’s expertise may not include retirement plan design or administration—that’s where we come in.
We work to understand each client’s distinct demographics, salary structures, incentives, and financial targets. Despite these differences, most companies share common goals: crafting a retirement plan that benefits employees, minimizes costs, and achieves strong returns without undue risk.
Your Retirement Plan Options
From defined benefit to defined contribution or hybrid plans, PSI’s feasibility studies support informed, strategic decision-making for customized retirement solutions. Today’s options include features like Safe Harbor, Roth IRAs, and myRAs—PSI is here to provide the expert guidance clients need to navigate this complex landscape.
Start the process with a comprehensive feasibility study from PSI’s skilled financial team.