Qualified Retirement Plans

A well designed and properly managed retirement plan for your medical office can provide many benefits to you and your employees:

• Attract qualified candidates
• Retain valuable employees
• Incentivize key personnel
• Help employees save for their retirement on a tax-deferred basis
• Provide retirement security for you and your employees
• Gain valuable tax benefits for you
• Enable you to shift a percentage of profits into retirement assets

Determining what type of plan best suits your medical office is often a matter of vital statistics, as well as your goals and objectives.  We help analyze factors that are specific to your office in recommending a plan design.  These include:

• Workforce demographics
• Employee turnover
• Other office-sponsored plans, if any
• Number of employees
• Number of office locations
• Percentage of highly compensated employees or non-owner physicians
• Business revenue projection
• Employer ownership in other companies, if any

To assist you in carrying out your plan fiduciary responsibilities under the Employee Retirement Income Security Act (ERISA), as Accredited Investment Fiduciary^® (AIF^®) professionals and your plan 3(21) co-fiduciary, we help you:

• Administer and manage your plan prudently and in the best interest of your plan participants and beneficiaries.
• Create and maintain a comprehensive investment plan, strategy or policy statement that documents the processes and procedures that are used to manage your plan.
• Apply objective standards for evaluating and selecting appropriate investment options.
• Assess plan operation and evaluate plan design or feature changes as appropriate.
• Evaluate your current fiduciary practices and implement actions to help mitigate compliance and litigation risks.
• Understand your important fiduciary roles, responsibilities and obligations with more confidence.