Consulting
As EXPERTS in the Retirement Plan industry, our members offer a wide variety of professional consulting services to plan sponsors and industry professionals
Retirement Plan Design
The Cerrado Group members are experts in retirement plan design, offering guidance to business owners and industry professionals.
Consulting assistance includes:
- Provide advice and guidance regarding plan design, benefit formulas and eligibility.
- Provide information regarding expected liabilities, contributions, benefit payments and plan document review.
- Prepare projections for age‐weighted and target benefit plans.
- Prepare adoption agreements, summary plan descriptions, and plan amendments, as needed.
- Determine and recommend necessary plan changes, as needed.
Benchmarking
Our Members provide benchmarking assistance, including:
- Reviewing the plan for costs
- Reviewing plan features
- Comparing the plan with similar sized plans in similar industries
Technical Corrections
Our members expertise is in all aspects of retirement plans. One of the key areas that is often overlooked is the correction of technical errors in the plan. Those errors, if handled incorrectly can be very costly for the plan sponsor.
Technical Corrections Include:
- EPCRS (Employee Plans Compliance Resolution System) for operational issues
- DFVCP (Delinquent Filer Voluntary Correction Program) for non-filing of Form 5500’s
Other Retirement Plan Consulting
Cerrado Group Members offer a unending variety of Retirement Plan consulting. They are are truly the experts in the industry. In addition to normal plan operations, our members can also assist plan sponsors and retirement plan industry members with the following:
Governing Documents and Compliance
- Overall review of plan documents
- Review of plan notices
- Review of plan policies and procedures
- Review plan fee agreements and investment policy statements to assure compliance
Representation
- Members can serve as expert witness on actuarial issues
- Members that have ERPA designation can also represent clients in front of the IRS
Merger & Acquisition Plan Reviews
Employers are sometimes surprised by the hidden liabilities and complexities that employee benefit plans can add to the sale of a business. Our members can assist in a pre-transaction benefit plan review to identify areas of significant financial exposure and transitional concerns.
