YES provides a dedicated service representative for your plan options.
YES can help you through every step of the process whether you’re starting a new retirement plan or transferring an existing one. We help you meet your fiduciary obligations with a review of your investment policy statement and benchmark your plan fees to assure they are “reasonable in lieu of services.”
We also assist you with complying with section 404(c), and offer 3(21), 3(38) and 3(16) services to help you reduce your fiduciary liability. YES’ data integration efficiently collects data to reduce time and expense for onboarding, and for completion of year-end top heavy testing and 5500 filing. YES streamlines remittance with 180 feed options. We also coordinate financial education meetings to encourage participation and appreciation of the benefits you offer.
Financial Planning and Executive Benefits
With YES you also have access to experts who provide financial planning and executive benefit plans. Developing a plan is only
the beginning. Our experts track your progress and recommend changes where needed.
Our financial planning consultants will help you design a retirement and executive benefits package that includes insurance, bonuses, tax deferrals, and other attractive options that help you stay competitive in your industry.
For the highly compensated staff who need more than a 401(k) plan to save for retirement, you need a financial professional who fully understands section 409(a) of the federal tax code, covering executive benefit plans. An advisor experienced in this area can help you avoid penalties and unexpected taxes, and administer the plan in a smart and flexible way.
Single source data integration efficiently collects data to reduce time and expense for onboarding and installation, and for completion of year-end testing and 5500 filing. Utilizing 180 payroll feeds reduces processing time and liability for payroll contributions remitted in a timely manner (as defined by the DOL).
Services & Employee Support
YES streamlines the remittance of pre-populated reports with 180 Feed options. YES coordinates financial education meetings to encourage participation and engender appreciation of the benefits you are offering.
YES helps our clients meet their fiduciary duties, reduce fiduciary liabilities, and provide assistance and review of your Investment Policy Statement (IPS). We help you benchmark plan fees and services to assure they are “reasonable in lieu services”. We assist you with compliance of 404(c), 3(21), 3(38) and3(16) to help you reduce your fiduciary liability, including coordinating regular review meetings with investment committee members and other fiduciaries.