Retirement Plan Services

Qualified Retirement Plans have become a significant employee benefit program offered by employers over the years.  These plans often offer both the owner and the employee the opportunity to save for the employees retirement.  Many employees would not be able to save for their own retirement without the option of an employer based retirement plan.

Qualified plans have also become much more complex since the implementation of ERISA in 1974.  Various technical rules apply, and it is important that employers understand both the complexity of these plans and the need to adequately design and administer a plan that fits their needs, and the needs of their employees.  MMA offers consulting services as well as administrative services for all types of qualified plans.  We work with financial advisors in designing, implementing and administering these plans.  To do this we go through the following steps:


Plan Design & Review

Our services are customized to the needs of individual businesses. In the plan design process, we offer the following:

  • Evaluate your objectives and prepare a best-fit analysis of different plan types including profit sharing, 401(k), cross tested, and pension plans
  • Evaluate nondiscrimination testing
  • Select appropriate plan or plans and determine specifications
  • Assist with employee education and enrollment and recommend methods to improve employee participation


Retirement Plan Vendor / Investment Selection Services

We differentiate ourselves by providing value-added services at no additional cost.

  • Assist financial advisor in vendor study/analysis
  • Fiduciary risk assessment
  • On-site employee enrollment and educational meetings designed to increase participation


We offer the following services in plan administration:

  • Determine eligibility for participation and calculate contributions, benefits and earnings
  • Perform various nondiscrimination tests as required by governmental agencies
  • Prepare all IRS, Department of Labor and other governmental agencies’ reports required by law
  • Prepare periodic reports for management summarizing individual and aggregate plan records, account allocations, investment results, and participant certificates
  • Assist with participant distributions


Fiduciary Issues and Investment Liability

  • Fiduciaries may be held personally liable for a breach or violation of ERISA standards. This liability may include restoring lost profits or opportunities resulting from poor plan performance.
  • Many fiduciaries assume that their retirement plan provider will take care of all ERISA requirements, but this is usually not the case. While your provider will offer you a menu of investment options, it is up to you to select and monitor the choices available to participants (hence the liability).
  • We pay attention to fiduciary duties and will help you and your financial advisor meet ERISA standards and fulfill your duty to monitor the plan, including performing an annual review.

Fiduciary Rule: To Be or Not To Be

The Benefit to You and Your Employees

By utilizing industry “best practices,” we believe the result is less risk to your employees (with the goal of larger account balances at retirement) and less personal liability and fiduciary risk for you as the employer.

The Employee Benefit 2016 Spring Forum Newsletter

The Employee Benefit 2016 Fall Forum Newsletter

The Employee Benefit 2016 Winter Forum Newsletter

The Employee Benefit 2017 Spring Forum Newsletter

The Employee Benefit 2017 Summer Forum Newsletter

The Employee Benefit 2017 Fall Forum Newsletter