Retirement Plan Consulting...this is complicated stuff. Qualified Retirement Plans like 401(k) and Profit Sharing Plans are very complex, with many moving parts, vendors, and regulations to follow. Not only do they fall under IRS tax law, but they also fall under Employee Retirement Income Security Act (ERISA) law. Plan sponsors/employers need to follow the fiduciary standard laid out by the Employee Benefit Security Administration (EBSA). This includes acting in the best interest of plan participants, following the provisions laid out in your plan document, making sure investments are suitable for all participants, and ensuring that fees are reasonable for services provided. This is a lot for an employer to navigate. Our financial advisers help business owners and plan fiduciaries by creating processes and documenting procedures, utilizing a turn key system.