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Compliance Oversight

PSA understands that compliance with both regulatory changes and recent industry trends is not just important, but mandatory, for retirement plan success.

The partnership between PSA’s Fiduciary Consulting Group and The PFE Group brings together leading specialties and processes in retirement planning along with greater resources and keen industry insight — all to help deliver exceptional client services and experiences.

PSA has developed a “Fiduciary Scorecard” in order to assess your plan compliance needs. We will help evaluate your current plan operations such as governance, 404(c) compliance, notice distribution and plan administration. PSA will partner with you to address those areas in need and ensure that your retirement plan’s fiduciary requirements are in compliance and stay in compliance.

PSA understands that compliance with both regulatory changes and recent industry trends is not just important, but mandatory, for retirement plan success. For example, with the U.S. Department of Labor’s 2012 release of its final regulations regarding 401(k) fee disclosure, PSA’s team can not only help ensure your organization is in compliance with these rules but also help with the participant education factor. We see 401(k) fee disclosure as an opportunity to be proactive and pro-participant. To learn more about 401(k) fee disclosure, check out this blog post, “New Retirement Plan Fee Disclosure Rules – Y2K All Over Again?” by the Fiduciary Consulting Group @ PSA.

For many of our clients, we work with the plan’s Investment Committee, human resource staff, and ERISA counsel to ensure the plan is updated and operating according to the mandated plan rules and regulations. Our consultants’ understanding of ERISA and non-ERISA plans and their compliance needs are an integral part of our consulting expertise.

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Areas of Retirement Plans

Recent Blog Posts

Mar
29th
The ACA Is Still the Law of the Land (Benefit Minute)

Republican efforts to repeal and replace parts of the Affordable Care Act (ACA) with the American Health Care Act (AHCA) stalled on March 24, 2017 when Speaker of the House Paul Ryan determined he did not have the support needed to pass the bill in the House of Representatives and withdrew it without a vote. […]

Mar
24th
Executive Leadership: It’s time to make cyber resiliency YOUR next priority

You’ve probably read about major cybersecurity failures of large organizations, such as Yahoo, Sony, LinkedIn, Target, the Democratic National Committee, and the list goes on. While they’re not always in the headlines, evidence shows that small and medium-sized organizations are increasingly becoming the targets of cyber criminals and malicious actors. According to the most recent […]

Mar
17th
Work-Life Balance is a Myth — Instead, Find Work-Life Bliss

The day author and speaker Deirdre Maloney was interviewed on TV about a blog she wrote, she couldn’t get past what she saw on the screen — and how she felt afterward.

Mar
1st
How to Electronically Distribute ERISA-Required Documents (Benefit Minute)

Distribution of ERISA-required documents is challenging for employers.  Hard copy distribution is inefficient, costly, not environmentally friendly and out-of-date in the digital age.  However, electronic distribution must be accomplished in a manner that complies with Department of Labor (DOL) requirements and results in actual receipt by plan participants.