Our Service
Offering
In all the work we do, we emphasize accuracy, timeliness and the highest level of customer service.
OUR APPROACH
A creative and disciplined approach to tax-qualified retirement plan administration.
We provide plan design, administration and support services for plan sponsors and advisors related to 401(k), defined contribution, defined benefit and 403(b) plans.
TESTIMONIAL
“SI Group’s commitment to best practices and achievement of the ASPPA certification has earned the firm a place among the top-ranking retirement service providers in the country.”
Chris Stroud, President of Simoneaux & Stroud Consulting Services / Former President of ASPPA
OUR SERVICE OFFERING
Plan sponsors look to us to perform a wide variety of services.
DESCRIPTION
Need a transition from the carousel above to these larger services below.
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Providing Clients Peace of Mind
The regulations governing retirement plans—and the volumes of documentation required to verify compliance to them—frequently change. As a result, the tasks involved in establishing and maintaining a retirement plan can seem overwhelming. SI Group can simplify your workflow. Our team of experts will work closely with you to meet compliance obligations. While many Third Party Administrators can handle the paperwork and computations, very few really make the effort to understand their client’s business. We specialize in just that kind of relationship, getting to know the plan sponsor, the participants and the business.
Is your plan operating as efficiently as possible? Is it in compliance? Does it match your long-term objectives? We can help you answer these essential questions to ensure that you have a retirement plan that is valued by your business and your employees.
Our mission is simple: We aim to give our clients peace of mind about their retirement plans through our expertise, experience, and collaborative partnerships with your other advisors.
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Plan administration is at the heart of what we do. After installation, a plan needs continuous oversight.
SI Group will provide the annual administration of the plan so that the plan sponsor and participants continue to enjoy all tax benefits they are eligible to receive. Our plan administration services include:
Determining eligible participants
Identifying highly compensated and key employees
Performing compliance testing
Preparing trust financial reports
Preparing employer allocation reports
Completing annual tax reports
Reminding the plan sponsor of important deadlines
You can rely on SI Group to ensure the accuracy of the year-end testing and reports that are required for your retirement plan.
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ERISA (short for the Employee Retirement Income Security Act of 1974) is a federal law established to protect the assets in employer sponsored retirement plans.
ERISA and the Internal Revenue Code spell out the requirements sponsors must meet. The complexity of these rules and regulations can be difficult for plan fiduciaries to manage.
As a service provider, we believe it is our responsibility to apply all our expertise and experience to keeping clients’ qualified plans in compliance. We provide rigorous compliance training for our employees so that we can achieve that goal. In fact, we’re a leader locally and nationally in the percentage of our staff who have pension-related professional credentials.
To ensure the integrity of your plan, SI Group will provide comprehensive compliance testing, delivering signature ready tax returns to you and fulfilling all other compliance requirements. Although we are always focused on the details involved in accurately filing returns and other compliance documents, we also keep the big picture in sight by performing an annual plan compliance review to compare the plan document provisions to the plan sponsor’s evolving goals, its day-to-day business operation and its current personnel.
TESTIMONIALS
Short headline for our customer stories.
