Attract and Retain Top Talent with a Retirement Plan Offering That Suits Your Business
Attracting and retaining top talent continues to be a challenge due to our current market environment. By having a structured retirement plan, you can help your employees build financial security for their future while your company stays competitive. Our Retirement Plan Services (RPS) team has the expertise to offer a customized, all-inclusive retirement plan solution backed by professionals that perform complex testing processes, monitor regulatory requirements and support day-to-day plan operations. With over 40 years of experience, we know the details, and have the knowledge to be a solid and dependable partner.
Fiduciary and Trustee Services
Evaluating your retirement plan’s structure is essential considering potential risk to the company. Many plan structures and providers place plan responsibility on the business, which is added liability. On the contrary, we evaluate your business’ needs and match your plan with a proper structure. We can serve as a discretionary or directed trustee, as well as an ERISA §3(38) investment fiduciary. We also offer ERISA §3(16) services for certain administrative functions.
Custom Plan Design
When considering plan design, it is essential to identify what you are trying to accomplish with it. A few questions to consider are:
- Are you focused on attracting and retaining talent?
- Are you looking to reward certain employees?
- Are you interested in a wide variety of plan options to meet various needs?
Unlike many of our competitors, we do not have a standard, one-plan-fits-all design. Whether it’s offering a leadership team the opportunity to potentially contribute at higher levels than in the past, or using technological capability to offer automatic plan features that simplify the admin work, we customize your plan to fit your business’ unique needs.
When switching providers, it is important to review the quality of the funds offered. Partnering with a retirement plan provider that offers an unbiased process for selection is key. With our Retirement Plan Services, our open architecture approach allows us to have over 25,000 mutual funds, CITs and ETFs as investment options. Additionally, we can include Target Retirement Funds, professionally managed asset allocation models, and Self-Directed Brokerage Accounts for certain retirement plans.
Employee Education and Administrative Partnership
Assuring individuals are utilizing your retirement plan effectively is especially important. Employee education combined with active communications can help assure plans are being utilized to their full potential. From future retirement income scenario estimates, to a data-driven, educational approach and employee engagement, RPS is committed to our proven formula of "employee-first" strategies.
Helping ease the burden of administration on your staff is important. Our clients’ needs come first, and our Relationship Managers and Retirement Specialists are purposely limited in the number of plans they can service to ensure our clients get the personal and knowledgeable attention they need.
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Products offered through Heartland Retirement Plan Services are not FDIC Insured, are not bank guaranteed and may lose value.