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Ruggieri
Consulting Retirement Services specializes
in the design and communication of both defined
contribution and non-qualified retirement program
strategies. Our approach to first conduct a thorough
review of any current program offering including
a competitive marketing of alternative program opportunities.
The best options uncovered are then presented for
client approval. Upon final approval, our experts
work to assure a smooth implementation into the
new program. Our representatives will conduct on-site
education and enrollment communication meetings
to foster maximum participation and employee satisfaction.
On an ongoing basis, our professionals work with
our clients to provide support and facilitate smooth
administration. On an annual basis we provide a
Trustee Report to review and analyze program results
and identify future enhancements to maintain program
competitiveness. Following is a more detailed summary
of our services:
Plan Review and Marketing Analysis
Based on our review of an existing plan and our
understanding of our client’s objectives and
needs, we research the marketplace for programs
that will meet the established criteria. As a means
toward reaching a suitable recommendation, we evaluate:
• Competency of the provider’s staff
who will interface with the client’s Human
Resource Dept
• Variety and quality of investment options
• Comprehensive administrative and recordkeeping
services provided in a timely manner
• Competitive initial and on-going fee structure
Installation and Implementation
Plan installation is often considered the most difficult
part of the implementation process. We work with
our clients as their partner and ensure that all
the necessary steps are taken and documents prepared
in accordance with the Plan’s specifications.
This process includes:
• Plan Design
• Preparation and review of Plan documents
• Development of Investment Policy Statement
and selection of investment options
• Gathering and delivery of employee data
required to set-up systems
• Coordination between plan sponsor-administrator-payroll
vendor
• For existing plans, arrange the transfer
of plan assets from prior trustee
• Confirmation of participant account allocations
Communication
An effective on-going communication campaign is
one that stresses the benefit of participation and
guides participants through the difficult investment
decision process. Our registered representatives
will:
• Review and
assist in the preparation of customized communication
and enrollment material for distribution to employees
• Conduct
on-site enrollment meetings in a group setting
• Provide
on-on-one consultations for senior staff members
Ongoing support
Once the plan is operational, we will:
• Serve as
facilitator and assist with administrative issues
on an on-going basis
• Meet with
plan sponsor on a semi-annual basis to review status
of the Plan
• Periodically
monitor the performance of the funds included in
the investment menu and advise the plan sponsor
when changes are required
• Arrange
and work with employer’s representatives to
set-up future enrollment meetings
• Coordinate
and conduct educational workshops covering areas
of financial and retirement planning
• Monitor
the Plan’s qualification status with respect
to the following requirement:
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415 limits
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Top Heavy status
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401(k) and (m) testing
•
5500 form preparation
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1099 R
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404c compliance |
• Suggest
alternative corrective actions, as needed, to maintain
plan qualification. Advise the plan sponsor of any
legislative changes affecting their Plan on a timely
basis
Ruggieri Consulting Retirement Services
delivers the resources required by employers to
meet the challenges of providing retirement programs
to employees for today and tomorrow.
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