Retirement Plan Administration

More than ever, complex employee benefits play an important role in the lives of owners, officers and employees of organizations. This benefit value is not contingent on the size or nature of the organization - sole proprietorships or small non-profits share similar goals with large for-profit corporations. But the means of satisfying these goals, such as optimizing employee recruitment, increasing retention efforts, and providing fair and competitive executive compensation, often requires different approaches. In today’s environment an educated work force has come to expect a comprehensive benefits program and every company deserves the right to have an affordable, customized retirement plan designed to address its unique goals. These plans should be designed, installed, and administered by experts whose primary goal is to be the employer’s advocate as it satisfies employee needs, and that’s where Snyder Cohn excels.

Since 1974 Snyder Cohn has offered full third party retirement plan administration services to a wide variety of clients. Here are some advantages Snyder Cohn offers its clients when it administers their retirement plan:

• Snyder Cohn’s staff is dedicated to providing personal attention to employee benefit plan consulting, design and administration. Experienced personnel will help you design and implement a plan that will fit your needs, whether your goal is to attract quality employees, optimize contributions to key employees, or maximize tax deductions.
• Our staff is highly trained in the latest IRS, Department of Labor (DOL) and ERISA (pension law) code and regulations. These professionals know their job and work efficiently. And Snyder Cohn employees don’t stop there; they will also keep you abreast of changes in regulations and policies that may affect your business and your employees. For over three decades, Snyder Cohn has provided its clients with creative and innovative solutions to complex challenges.
• Your organization will get fast, reliable answers. Snyder Cohn’s pension division includes staff credentialed with the American Society of Pension Professionals and Actuaries. It has some of the most experienced pension professionals in the business with an average of 19 years of experience with qualified plan administration.
• Snyder Cohn makes sure your deadlines are met.
• Snyder Cohn leaves the investment decisions up to your executives and their trusted advisor. They regularly work with a variety of investment companies and products.
• Snyder Cohn professionals shift the work from your desk to their desks. They will deal with any potential headaches associated with plan administration, leaving your staff with additional time and energy to focus on your business.

Additionally, Snyder Cohn can provide special services by identifying existing plan defects and correcting them in accordance with pre-approved procedures that bring plans back into compliance with the law. Snyder Cohn will work independently or with the assistance of ERISA attorneys to address and correct plan disqualification issues and/or non-compliance issues such as:

• Delinquent filers - plan document and Form 5500
• Non-compliance with plan document
• Late deposit of employee contributions

Snyder Cohn is prepared to assist you to save money and penalties by bringing plans into compliance by utilizing self-correction, voluntary compliance and other IRS and DOL sponsored correction programs.

Please contact Laurie L. Dalton, our Director of Pension Services, for more information.