Our Corporate Retirement Services team provides services and solutions to a broad spectrum of plan types and designs.
Our Capabilities: Corporate Retirement Services
Questions to Consider
When is the last time you had a service provider review and evaluate your retirement plan?
Do you have a strong education program in place for plan participants?
Are you optimizing your plan features?
Does your plan offer funds that align with your employee demographic?
As a plan sponsor, you have a fiduciary responsibility to manage and administer your retirement plan prudently and in the best interest of your plan participants and their beneficiaries. Complex administrative and regulatory requirements are placed on plan fiduciaries, which can range from selecting service providers to monitoring plan investment options. It is important that you understand and fulfill your obligations as the plan’s fiduciary and, when necessary, look to outside professionals for their expertise.
How can we help?
- Plan design, implementation, and review
- Optimize plan benefits for employees
- Plan administration and fiduciary oversight
- Service provider evaluation and review
Client Story
Our client recently started her own business and was interested in offering a retirement plan for her employees as a critical employee benefit. We reviewed different retirement plan options available for small businesses and evaluated the pros and cons of SEP IRAs, SIMPLE IRAs, profit-sharing plans, and 401(k)s. The SEP IRA offered simplicity and flexibility. The 401(k) allowed the employer (our client) to make contributions and allowed her employees to defer a portion of their salary, maximizing the amount they could save for retirement.
Though the 401(k) was the optimal solution, our client was concerned about the costs of implementing and maintaining a plan. We discussed the start-up credits available to new plans through SECURE Act 2.0 and worked with providers to offer the most cost-effective plan to her employees. We collaborated with her to create a new fund lineup for the plan and hosted enrollment meetings and educational seminars for her employees. In working with William Blair, she was able to offer a competitive plan to attract and retain employees, freeing her to focus on the demands of running her company.
Contact Us
Please contact your William Blair wealth advisor or Rachel Dorman for more information.