Along with all the awesome benefits of sponsoring a retirement plan, business owners are also held legally responsible for the compliance of the plan. This is called fiduciary liability. Most employers aren’t familiar with all the rules and regulations established by the IRS and DOL, so this can seem impossible. That’s why outsourcing the administrative tasks associated with plan compliance can be a great option. EGPS offers these services, known as 3(16) fiduciary services, or 3(16) plan administration. Outsource the time-consuming tasks and compliance associated with your retirement plan to EGPS.
Benefits of our 3(16) fiduciary services:
Contact us for more information on this service!