We do the Heavy Lifting~
We’re the small business owner’s expert and essential partner for ensuring their 401(k) and company sponsored retirement plan stays compliant.
Think of it this way: While finacial advisors focus on investments and individuals, a Pension Sherpa works behind the scenes with business owners to ensure their retirement plan are designed correctly, tested annually, and operating in full compliance with IRS and DOL regulations. We do the heavy lifting and help business owners navigate the complex landscape of 401(k) and retirement plan compliance. Our team of expert consultants is like a well-equipped expedition team, ready to help you tackle every challenge along the way.
What is a Pension Sherpa?
Go Farther
As a Pension Sherpas we are committed to helping businesses optimize their retirement plans by designing a program that aligns with their specific goals. We go above and beyond to provide a comprehensive review of options and strategic guidance to ensure each company’s plan is effective, flexible, and can grow with the business over time.
We Know the Way
With decades of experience in the company retirement plan industry, our team has the expertise and knowledge needed to guide clients through every step of the process. We stay up-to-date on the latest industry trends and government regulations to ensure that our clients are always in compliance and making informed decisions.
A Clear Path Forward
We operate as an independent retirement plan consultant, with no affiliation to custodians, recordkeepers, brokers, advsiors, or other service providers. This ensures objective, conflict-free guidance focused solely on what is best for your business and your retirement plan.
Climb Higher
We work exclusively with business owners and organizations. Our focus is helping companies provide customized, compliant, and efficient retirement plans as part of their employee benefit programs. We provide in-depth education and ongoing oversight to minimize administrative risk and operational issues.
Services
Correction Services
Identification and correction of retirement plan operational and compliance errors such as missed deferrals, late enrollment, employer contribution discrepancies, eligiblity errors, missed or late Form 5500 returns, coverage issues due to controlled group or affiliated service group employer relationships. We provide review and guidance to employers to help them navigate the IRS and DOL correction programs including EPCRS and DFVCP to resolve issues efficiently and reduce penalties and goverment enforcement risk.
Trustee / Fiduciary Review Meetings
Independent compliance review of plan proceedures and operations, as well as faciliation of annual Trustee and Fiduciary review, including meeting minutes that align with Department of Labor and Internal Revenue Service recomendations for plan documentation.
Plan Design Analysis
We work direclty with business owners to review company budgets and identify strategic employee benefit goals. These can be incorporated into a custom retirement benefit program that maximizes tax savings, optimizes contributions & benefits, while minimizing expenses and business liability exposure.
Ongoing 401(k) plan Third Party Administration (TPA) Services including eligibility verification, regulatory complinace testing, trust reconcilliation, Safe Harbor and Employer contribution calculations, annual 5500 series form preparation and participant notices, as well as plan document services.