812 Huron Road
Caxton Building
Suite 670
Cleveland, Ohio 44115
216.348.8082
216.348.8080 Fax
800.846.9051

 
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1. Evaluate Needs and Objectives

  • Determine what our client is looking for in their company retirement plan
  • Better plan design
  • Better performing funds
  • Reduce fiduciary liability
  • Lower fees and expenses
  • Participant education
  • Our Client's Concerns Come First

2. Analyze Plan Design

  • Safe Harbor
  • Cross-Tested/New Comparability
  • OCPP plan design
  • 401k/Profit Sharing
  • Is plan passing testing?
  • Is plan top-heavy?
  • Is plan designed to meet the needs and objectives of key employees by maximizing contributions?

3. Review Current Plan

  • Investment Choices
  • Plan Expenses
  • Participant Education Program
  • Technology Capabilities
  • Ease of Administration

4. Product Selection Process

  • Omega Pensions will oversee the entire product selection process
  • Gather proposals from 4-10 providers based on plan demographics
  • Evaluate and analyze proposals
  • Narrow the field based on client needs and objectives
  • Create easy to read spreadsheets and comparisons
  • Coordinate all provider presentations
  • Conduct site visits to provider home office if necessary
  • Coordinate the transfer of assets to new investment provider

5. On-going Support

  • Conduct thorough annual plan review
  • Review plan expenses annually
  • Quarterly monitor fund performance
  • Present latest plan design and regulatory amendments
  • Ensure plan is following Investment Policy Statement
  • Ensure plan is meeting the needs and objectives of plan sponsor
  • Continuously find ways to reduce fiduciary liability
 
 

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Omega Pensions, Inc.   812 Huron Road, Suite 670, Cleveland, Ohio 44115  Phone: 216.348.8082