We partner with employers and coach them through the process of managing their retirement plan.
What Makes Us Different
Participant Education
Ensuring your employees are empowered and educated about their financial futures is the heart of what we do at SRPC. We provide hands-on participant education through individual meetings, webinars and by providing resources.
Personalized Service
At SRPC we work with you to structure, design, implement and manage a 401(k), 403(b) or profit sharing plan that is fully customized to support your organization’s needs and goals.
Fixed Cost
We charge a fixed cost based on time, complexity and liability. Traditional investment asset-based fees are arbitrary and can quickly become very expensive as the asset levels grow.
“Peter & Steve are friendly and approachable and they make the complicated nature of 401k compliance easy to understand. I get a lot of positive feedback from our employees after their one-on-one education sessions.”
Our Services Include:
Plan design
Vendor selection, management, and contract negotiations
Investment consulting delivered as an ERISA 3(21) fiduciary advisor
Implementing, managing, and documenting a fiduciary process
Employee education
Fee and service benchmarking
Talk to us today and learn how a well-planned investment fiduciary management process combined with a hands-on, consultative approach can help mitigate your risk as a plan sponsor, and better prepare your workforce for retirement.
Case Studies
DUE DILIGENCE, PLAN DESIGN, AND LOW-COST INVESTMENTS
CLIENT: SUBSIDIARY OF FOREIGN CORPORATION
EMPLOYEES: 7
PLAN ASSETS: START-UP PLAN
We work with firms to help them design their plan to meet their specific objectives, benchmark and select a vendor, and select the investment options for their platform. An example of this is a U.S. subsidiary of a foreign firm for whom we helped establish a 401(k) plan. Using the due diligence process at SRPC we determined that the Plan Sponsors' goal was to implement a 401k plan with investment options that would help them attract top level talent to their team. We were able to set up a plan with institutionally priced funds that enhanced their overall benefit plan and helped them attract and retain key employees.
“Peter & Steve provide a very personalized experience. They have a down to earth approach that makes it easy for us to understand complex 401k issues.”
EDUCATION CURRICULUM AND PLAN DESIGN
CLIENT: TECHNOLOGY FIRM
EMPLOYEES: 160
PLAN ASSETS: $6 MILLION
We work with companies who are having trouble getting employees to enroll in their retirement plan and as a result are struggling to pass non-discrimination testing. An example of this is large technology firm where the Highly Compensated Employees were only able to contribute $8,100 each to the plan. When we started working with the plan sponsor, SRPC reviewed and redesigned their plan provisions, and created an ongoing on-site education curriculum to address the client’s needs. We were able to get almost 95% participation and the HCE's more than doubled their deferral amounts and now contribute $20,500 to the plan every year.
“Peter & Steve are always available, approachable and quick to respond no matter how many questions I have. ”
FIDUCIARY SERVICES AND FEE ASSESSMENT
CLIENT: MANUFACTURING FIRM
EMPLOYEES: 800
PLAN ASSETS: $100 MILLION
We work with firms to help them implement and monitor a documented fiduciary process. An example of this is a consulting firm that did not have any fiduciary processes in place and thought their vendor was providing these services. Using the fiduciary compliance services at SRPC, we developed and implemented an investment policy statement, a documented ongoing fiduciary process, and plan fee benchmarking, to help them mitigate their fiduciary liability. As a result we were able to enhance the fund lineup and reduce their total plan costs by 26%.
“I very much appreciate Steve and Peter’s responsiveness to any phone call we place and their visits have helped our employees feel comfortable with our 401K program. Also, their fiduciary compliance and meeting notes have been top of the line. ”
Team
Peter KlinkmuelleR
Peter uses his 30+ years of experience consulting on qualified retirement plans to structure, design, implement and manage best-in-class 401(k), 403(b) & profit sharing plans, fully customized to each client’s organizational needs, goals, and objectives. His specialty is in plan and fee analysis, plan design, developing and implementing fiduciary processes and procedures, assisting with compliance, and participant education.
Steve Boudreau
Steve manages client relationships and has experience in all aspects of retirement plans including new business implementation, plan design, plan administration, testing, and compliance, emphasizing plan sponsor and participant education, service, and support. He has more than 25 years experience in the qualified retirement plan industry.
