Retirement planning is a team sport: participants, employers, and trusted advisors need to work together to protect participants and assure the plan is well-designed.

Andrea McLane, a manager on Rea’s pension administration team here in our Dublin, Ohio, is joining us on unsuitable to talk about what business owners can do to hit their retirement plan design out of the park.

It Pays to Plan

It’s amazing how effective a well-designed retirement plan can be, and one of the most important things an employer can do is design a plan that encourages employees to be active participants. By working together with their employees and educating them about the plan, everyone wins.

Whether you need to design or participate in a retirement plan, you’ll want to know:

• Why participants need their employer, an investment broker, and a capable Third Party Administrator (TPA) to help them navigate the retirement planning process.
• How employers can avoid mistakes by reviewing the terms of their plan documents annually.
• How participants can avoid the pitfalls of participant loans and hardship distributions.

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