Full Service Consulting
At Omega Pensions, we prioritize your success by tailoring retirement plan solutions to meet your unique goals. Our collaborative, client-focused consulting process is designed to deliver a plan that meets your needs and supports your long-term goals.
Our 5-Step Process
- Evaluate Objectives: We start by understanding what matters most to you. Whether it’s enhancing employee engagement, reducing costs, or minimizing fiduciary liability, we tailor our approach to align with your priorities.
- Specific Plan Design
- Investment Performance
- Reduction in Fiduciary Liability
- Participant Education
- Maximizing Employee Engagement
- Review Current Plan: For clients with an existing plan, we perform a detailed review to identify strengths and opportunities for improvement.
- Investment Choices
- Plan Expenses
- Participant Education Opportunities
- Technology Capabilities
- Ease of Administration
- Analyze Plan Design: We evaluate plan options to help align them with your goals while addressing applicable compliance requirements.
- Safe Harbor, 401(k), Profit Sharing, Cross-Tested, and other designs
- Ability to pass compliance testing
- Designed to maximize contributions
- Meets the needs of key employees
- Product Selection: We guide you through the product selection process, simplifying complex decisions to find the right solution.
- Gather and evaluate plan provider proposals
- Create easy-to-read comparisons for review
- Coordinate provider presentations and site visits
- Facilitate smooth asset transfers
- Ongoing Support: Our partnership doesn’t end with implementation. We provide continuous support to keep your plan running smoothly and in compliance.
- Annual Plan Reviews
- Monitor Plan Expenses and Fund Performance
- Present Regulatory Updates and Design Amendments
- Verify Investment Policy Statement Compliance
- Identify Opportunities to Reduce Fiduciary Liability
From start to finish, we focus on delivering:
- Clear, Goal-Based Solutions: We listen to what you need—whether it’s reducing liability, improving performance, or enhancing participant engagement.
- Thorough Plan Reviews: We identify opportunities for better investments, lower fees, and streamlined administration.
- Professional Plan Design: Tailored plans designed to maximize contributions, meet key employee needs, and pass testing.
- Seamless Plan Implementation: You receive side-by-side comparisons, provider evaluations, and support every step of the way.
- Ongoing Partnership: From annual reviews to compliance testing, we ensure your plan delivers long-term value.