Plan Installation

From Feasibility to Full Implementation

The feasibility study is complete, and a carefully designed retirement plan is ready to meet the company’s goals. After substantial preparation and planning, management is ready for the next crucial phase.

Implementation: The Essential Next Step

At PSI, the journey doesn’t end with design; it’s just the beginning. True plan success involves careful implementation, regulatory compliance, and clear communication with participants. We understand that seamless integration into the workforce, through informational materials, seminars, and direct access to key experts, is essential for the plan’s long-term impact.

Dedicated Expertise in Plan Installation and Compliance

Our team includes two ERISA attorneys with a combined 50 years of pension industry experience and a certified legal assistant. We collaborate with client teams to ensure top-quality plan installation and ongoing compliance, covering:

  • Preparation of custom plan documents with legal and compliance review.
  • Creation of technical amendments tailored to specific plan needs.
  • Development of educational and informational materials for employees and their families.
  • Guidance on IRS determination letter applications.
  • Preparation of essential IRS, DOL, and PBGC reports.
  • Full audit support with IRS, DOL, and PBGC, if needed.
  • Coordination with investment providers for smooth plan roll-out.
  • Regular plan document restatements for compliance.
  • Issuance of required notices to participants and internal stakeholders.
  • Ongoing monitoring of legislative and regulatory changes to ensure continued compliance.

Communication: The Key to Effective Participation

A successful retirement plan hinges on clear communication. Many plans falter when participants receive misinformation, making it essential to educate employees with transparent, accurate plan details. Through well-organized materials and seminars, we help participants understand the plan’s advantages, their role, and the intricacies of retirement planning.

Comprehensive Participant Support

From pre-enrollment seminars to annual compliance reports, PSI offers complete participant support services, covering everything from vested benefits calculations to 1099, 1096, and 945 forms. We prioritize clarity and accessibility so employees can confidently engage with their retirement plan.

Partner with PSI to ensure every phase of your retirement plan—from design to ongoing participant support—is executed with the highest level of precision and dedication.