Retirement Plan Consulting
It’s all about seeking better outcomes. Yours.
Achieving the financial freedom you deserve in retirement requires careful consideration of the right plan design and a fiduciary-driven process that makes it easy for you to stay on track. Our zealous focus on these priorities underscores why SRP advisors win industry awards for helping seek better outcomes. That’s the real success.
Your SRP advisory team understands plan design, fiduciary responsibilities, goal optimization, and — most importantly — how to help you and each of your employees work toward achieving better outcomes in retirement.
401(k) and 403(b) Plans
As an employer offering a defined contribution plan to your employees, you bear a fiduciary responsibility to ensure you are in compliance with constantly evolving regulatory guidelines under ERISA law. Equally important, you want to make sure you are providing the best suitable plan possible to the employees who contribute a lifetime of work and dedication to the success of your enterprise.
To help put you and your employees on a path toward financial independence, we:
Review and help you optimize your plan design to make sure it fits your needs and goals
Help you implement a clear and compliant process to document roles and responsibilities
Support you with fiduciary education and your employees with a personalized outreach
SRP Defined Contribution Plan Consulting and Management Support Services Include:
Fiduciary Governance Support & Documentation Assistance
Plan Design Analysis & Benchmarking
Investment Selection Support and Monitoring
Investment Policy Development Support
Vendor Search & Selection Support Processes
Plan Conversion Implementation Support
Employee Education & Support
Plan Audit Support
3(21) and/or 3(38) Fiduciary Support
Custom Asset Allocation Solutions
Committee Fiduciary Education
Provider Oversight Support & Benchmarking
Operational Plan Support
Defined Benefit Plans
Employers who maintain Defined Benefit plans understand that long-term forecasting and comprehensive risk management strategies are essential to helping meet organizational goals, pension plan goals, and obligations to your employees.
As a comprehensive retirement plan consulting practice, Strategic Retirement Partners is one of a few independent retirement practices with a dedicated team of Defined Benefit plan specialists. Our consulting team will help your administrative and investment committees evaluate your plan and determine a strategy that fits with company goals. We can help whether your plan is active, frozen, or terminating.
Count on us to stay abreast of legislative changes to help ensure you have an investment and distribution process that adheres to fiduciary procedures mandated by the DOL under ERISA Law.
SRP Defined Benefit Plan Consulting and Management Support Services Include:
Assistance Developing the Funding Strategy
Assistance Developing the Investment Policy
Statement aligned with Funding Strategy and Glide Path
Asset Liability Modeling Strategy
Review/Add Liability Driving Investing
Review De-Risking Strategies
Review/Interpret of Annual Actuarial
Valuation & Annual Funding Notices
Glide Path Analysis
Plan Governance/ERISA Compliance Support
Evaluate the Cost of Termination
“Being a great steward is about doing the right thing day in and day out for those who rely on you. We are passionate about plan governance support, investments, and risk mitigation, so our clients can focus on what matters… positive outcomes for their people.”
— Jeff Cullen
CEO and Co-Founder of SRP
ESOP/KSOP
At SRP, we don’t just consult on Employee Stock Ownership Plans (ESOP) – we partner with you to create a thriving ownership culture that is sustainable, compliant, and easy to manage. Whether you’re tackling a one-time project or need ongoing strategic support, we align with your unique stage, goals, and vision.
With SRP, your leadership and employees are equipped with the tools, guidance, and proactive support to turn your ESOP into a lasting competitive advantage.
Here’s what you can expect from our
client-focused ESOP services
Fiduciary Confidence & Risk Mitigation
We proactively safeguard your plan through internal fiduciary governance audits, policy development, committee education, and vendor oversight—ensuring your fiduciary responsibilities are met with clarity and documented prudence.
Plan Design & Sustainability Strategies That Evolve With You
From repurchase obligation analysis to plan levers like recycling, re-leveraging, and segregation, we design sustainable strategies that align with your company’s long-term vision and financial health.
Operational Excellence That Lightens Your Load
We act as an extension of your team, managing the day-to-day complexities of ESOP administration—monitoring timelines, resolving service issues, and ensuring seamless coordination with recordkeepers, trustees, and valuation providers.
Engaged Employee-Owners Who Understand and Value Their ESOP
Through creative engagement initiatives, educational sessions, and Communication Committee support, we help your employees connect with ownership in meaningful ways, driving morale, retention, and a true ownership mindset.
Expert ESOP Consulting Built Around You
Employee ownership through ESOPs offers significant benefits but also involves complex responsibilities. SRP specializes in providing hands-on guidance throughout every stage of the ESOP journey, offering strategic support for plan design, governance, and employee engagement to ensure your ESOP becomes a sustainable and valuable asset for both the company and its employee-owners.
Cash Balance
A Cash Balance plan is a type of defined benefit plan used for additional tax savings with your 401(k) plan. This can significantly increase the amount of money you can defer until retirement. Because these plans require an annual contribution, you should be comfortable committing and budgeting for at least 3 years. It’s best to target 5-10 years.
Is it a good fit?
Is it a good fit?High income, high tax bracket executives with reliable earnings may find the opportunity attractive.
A Cash Balance plan is funded with your business income. The amounts added each year depend on the ages of those participating.
The money in a Cash Balance plan is typically invested in conservative investments to prevent overfunding and to reduce risk. The account will also receive an interest credit rate which can be a fixed amount or variable with actual investment performance.
It’s important to understand the primary goal of this type of retirement plan is to lower taxes on the contributions being made.
7 Key Benefits of Cash Balance plans:
Reducing taxes
Accelerating retirement savings
Attracting and retaining top talent
Flexibility
Easy to understand
Portability
Asset protection
Relax,
We’ll take it from here.
This information is not intended as authoritative guidance or tax or legal advice. You should consult your attorney or tax advisor for guidance on your specific situation. In no way does advisor assure that, by using the information provided, plan sponsor will be in compliance with ERISA regulations.