Retirement Plan Services
Developing a retirement plan that is right for your company is an important step to managing a successful business. Today's rapidly changing environment of new regulations, heightened fiduciary concerns and complex reporting requirements within the retirement plan services industry have demanded more of plan sponsors' time than ever before. At People's United Retirement Services we take a new approach to building and managing your company's retirement plan. Where many firms simply provide you with investment choices and administration of your plan, we can provide you with the technical expertise, risk management process and enhanced fiduciary oversight to help you meet your regulatory obligations as a plan sponsor in today's complex environment.
Whether you are building a new retirement plan, improving an existing plan or need expertise in determining how to meet the new demands of managing a successful plan, People's United Bank Retirement Services is here to help.
We have the knowledge and expertise that support the design, development and implementation of your Retirement Plan.
The knowledge and expertise that support the design, development and implementation of your retirement plan is backed by our staff of experienced retirement plan specialists with the credentials to make your program a complete success. Our team includes pension actuaries, pension analysts and retirement plan consultants holding designations in the industry's most respected areas of expertise including:
- QKA - Qualified 401(k) Administrator
- QPA - Qualified Pension Administrator
- CPC - Certified Pension Consultant
- EA - Enrolled Actuary
- CFP® - Certified Financial Planner
- CTFA - Certified Trust and Financial Advisor
- MBA - Master of Business Administration
- CFA - Chartered Financial Analyst
- ERPA - Enrolled Retirement Plan Agent
- CEPS - Certified Employee Benefit Specialist
- CRSP - Certified Retirement Services Professional
Whether you are designing a new plan, improving an existing plan or simply auditing your current retirement plan, People's United Bank Retirement Services can offer you the highest level of knowledge and expertise in the industry.
Our iPlan program was designed to take the burden off of plan sponsors by offering a bundled solution that could be easily customized to the specific needs of your business.
Our comprehensive retirement plan solution, iPlan, is designed to provide you with all of the features of a turnkey plan, with the flexibility to tailor the plan to the individual business needs of your organization. We include all of the program design, set-up and administration to make your plan successful.
Retirement Plan Design and Consultation
Our knowledgeable retirement plan consultants have extensive experience analyzing a company’s needs and designing the best solution to meet each client's unique goals and objectives.
Retirement Plan Installation and Launch
After determining the ideal retirement plan design or redesign for your company, our experts manage the process of putting your plan in place. We act as an extension of your staff, taking care of the details to get your program up and running with your employees.
Retirement Plan Compliance and Administration
Today's complex regulatory environment has made keeping up with government regulations for administration a daunting task. As a trusted partner, we provide you with all of the necessary support to manage your compliance and administrative obligations as a plan sponsor.
We Go Beyond the Regulatory Requirements
Plan Sponsors are now required to disclose to their employees a great deal of information about their retirement plan costs and how their plan operates. While many firms take on the disclosure requirements outlined for plan providers, we prepare and provide you with all you need to meet your plan sponsor reporting requirements to your employees.
Investment Expertise Without Bias
iPlan provides a wide selection of non-proprietary investment choices so you can be certain that you are receiving unbiased advice on all of your retirement plan investment decisions.
Trustee and Employee Education
People's United Wealth Management will provide you with the fiduciary expertise of a professional trust company, which include comprehensive investment oversight and employee education.
A defined benefit pension plan shows a deep commitment to helping your employees reach a successful retirement and may be a good business decision to consider.
Providing your employees with a defined benefit pension plan can be a
valuable way to attract and retain top employees and support your
company's overall business strategy as well. We can help you design a
tailored pension plan to meet your specific objectives.
Some of the key benefits of offering a defined benefit pension plan
- Higher contribution and deduction limits than other retirement plans
- Vesting flexibility to support retention goals
- Predictable benefits for your employees
- Ability to combine with other retirement plan options
As a leader in the defined benefit and actuarial services area we provide comprehensive services to include:
- Creative retirement plan design based on your company's objectives
- Complete retirement plan installation or plan restatement
- Annual actuarial valuations for cash contributions and financial reporting
- Full trustee and investment management services
- Full fee disclosure and no hidden costs
- Ongoing regulatory and reporting requirements
Let our defined benefit pension plan consultants work with you to determine
if a defined benefit plan will enhance your long-term business goals.
Whether you are assessing your current retirement plan, building a new plan or improving plan design, our actuarial and retirement plan consultants offer unbiased guidance where you need it most.
A changing legislative environment, a more diverse workforce and a competitive business environment are creating new challenges for employers. Meeting the financial needs of the business, business owners(s) and employees takes a skilled and unbiased retirement plan consulting partner. As a professional partner, we will take the time to present you with all of the best possible options to build a new retirement plan, improve your existing plan or prepare your company to meet the challenges of the new regulatory environment.
We can provide you with:
- An assessment of your current retirement plan
- Evaluation and troubleshooting of your current plan and funding policies
- Retirement plan design or redesign to improve plan performance
- Retirement plan cost analysis and efficiency recommendations
- Pension plan cost projections and modeling
- Retirement plan compliance testing
- Guidance on freezing or terminating a defined benefit pension plan
Our actuarial and retirement plan consultants have years of experience offering firms their unbiased guidance to meet the unique needs of each individual company. Since our service is a straightforward fee for consulting, we don’t try to fit our clients into a standard boxed solution. Instead, our consultants provide you with the best independent advice possible, based on decades of experience in the retirement plan consulting field.
When your company requires services for your existing retirement plan, we can provide you with the individual support to enhance your defined benefit or defined contribution plan.
If your company needs help with its existing retirement plan, we can provide you with the independent services and support that you need.
Retirement Plan Design and Consultation
Our knowledgeable retirement plan consultants have extensive experience analyzing a company's needs and designing the best solution to meet each client's unique goals and objectives.
Retirement Plan Compliance and Administration
Today’s complex regulatory environment has made keeping up with government regulations for administration a daunting task. As a trusted partner, we provide you with all of the necessary support to manage your compliance and administrative obligations as a plan sponsor.
Defined Benefit and Actuarial Services
We can support your existing plan with valuations mortality and termination studies and customized actuarial studies.
Trustee, Investment Management and Employee Education Services
People's United Wealth Management provides a wide selection of non-proprietary investment choices offering unbiased advice on all of your retirement plan investment decisions. In addition, you receive the fiduciary expertise of a professional trust company providing comprehensive investment oversight and the highest quality employee educational programs.
Retirement Plan Audits
As the regulatory environment changes, our experts can provide periodic audits to determine the necessary steps to take to keep your retirement plan up to date for all compliance requirements.
Independent Retirement Plan Consulting
Our Retirement Plan Consultants have years of experience offering firms unbiased guidance to meet the unique goals of each individual company.
In addition to our bundled 401(k) solution and defined benefit plans, we also offer other plan options depending on the specific need of your business. Our solutions include ESOP, profit sharing, defined contribution pension plans, and other plan options.
As a leader in the Retirement Plan Services field, we work with a wide range of clients and take great pride in designing customized solutions to meet the unique needs of each company. We know that many retirement plans are designed to meet the service provider’s model and not focus on what is most important to the plan sponsor.
At People’s United Bank Retirement Services, we design retirement plans that are right for the client. We apply the knowledge base of our team of qualified retirement plan specialists to design the best solution given your company’s short and long term goals.
We have expertise in all of the following areas:
- 401(k) Plans
- Defined Benefit Plans
- Profit Sharing Plans
- Money Purchase Plans
- 403(b) Plans
Understanding your business goals and finding the best retirement plan solution for your organization is what we do best. Give us a call to find out more about how we can help you achieve your financial goals.
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