Overseeing a 401(k) or pension plan is a time-consuming task that requires a keen understanding of investment strategies, document management and regulatory requirements, along with the ability to answer any questions employees may have about their benefits. Small and medium-sized businesses may lack the resources to manage retirement wealth benefits, but Time Employer Services has a team of professionals with years of experience in creating and administering retirement plans.
Time Employer Services helps businesses choose the right defined-contribution plans for their workforce. Once you pick a plan, we can handle all aspects of employee education and enrollment, whether you choose a 401(k), SIMPLE IRA, traditional IRA or an Executive Deferred Compensation plan. We offer ongoing customer support for your employees, as well as anyone in your office who may be overseeing aspects of retirement wealth plans.
Our software and online administrative tools allow for accurate and compliant reporting about investment performance, distributions and other transactions, and employees may track their own portfolio online. Employers can review plan details online at any time.
Retirement accounts are governed by the Employee Retirement Income Security Act of 1974, which is intended to protect employee retirement wealth from misuse by plan administrators. We ensure your plan is compliant with ERISA rules, and we handle all regulatory requirements, such as annual filings and disclosures. We also are alert for any regulatory updates that may necessitate changes to your retirement wealth plan.
Company mergers, bankruptcies, acquisitions and downsizing are events that may require immediate changes to retirement plans. Our team of benefits advisors can help businesses prepare for and respond to complicated scenarios and recommend the best strategies for preserving the integrity of investment portfolios.
Time Employer Services is available to help you at any and every stage of retirement wealth planning and administration. Contact us to find out more.