Direct Solutions® bundled services program
Retirement savings plans including 401(k), 403(b) and other defined contribution plans
A bundled approach with a single provider can bring savings, peace of mind and increased employee participation
We understand the obstacles that come with having multiple service providers for your retirement plan. It can be confusing and time consuming, as well as put you at risk of breaching your fiduciary duties which can lead to costly consequences.
If you have multiple providers, you’re likely dealing with a few of these issues:
Retirement plans administered by multiple providers often experience persistent processing errors and compliance issues due to the lack of provider accountability. If revealed during an IRS audit, they can result in plan disqualification. The tax cost and associated penalties could run into the millions of dollars for the employer.
At USI Consulting Group (USICG), we developed our Direct Solutions bundled services program to help our clients mitigate the day-to-day challenges of managing multiple providers for their 401(k), 403(b) or 457 plan. Direct Solutions is mutual-fund-based, which eliminates additional insurance expenses and improves employees’ abilities to meet their retirement goals.
Through Direct Solutions, USICG is in a unique position to provide a fully integrated, cost-effective solution by serving as both your full-service recordkeeper and co-fiduciary advisor. Key features include:
Robust Recordkeeping & Comprehensive Administrative Services
From a seamless transition to ongoing administration and fiduciary support, we make it easy for employers at every step of the process.
Independent Investment Advice & Solutions*
Experienced professional advice, diversified investment options and co-fiduciary support to help clients meet their goals.
Regulatory & Plan Compliance Support
Team of experts who analyze the potential impact of legislative and regulatory changes, simply complex compliance issues and mitigate risk.
Proactive, Client-centric Support & Consulting
Dedicated team of specialists who oversee the implementation of your plan and provide ongoing administration and consulting, including plan design strategies.
Customized Employee Education & Resources
Proven strategy to engage employees year-round to take action to be retirement ready, including individual counseling and interactive online resources.
Retirement Plan Design & Benchmarking
Proprietary analytics to optimize your retirement plan design features to meet your organization's objectives and boost recruiting and retention efforts.
One provider, Fewer issues
Retirement plans have become more technical with creative plan designs, diverse investment options and administrative strategies. Finding an effective and efficient service model can be a challenge for many employers, especially when plans are administered by multiple providers.
If you have multiple providers for your retirement plan, ask yourself these questions:
Who do I turn to for day-to-day operations or questions?
Do I have the correct plan design to achieve my organization's goals?
Who can help with highly technical issues?
How do I ensure the plan is operating correctly and efficiently?
With a bundled solution, you have one point of contact for all plan services, and you may experience a lower cost because you’re working with just one provider.
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Single point of contact |
Offer cost-effective competitive plan to attract and retain talent |
Secure protection and mitigate risk through fiduciary oversight | Ease administrative burden, saving time and money |
Enhance employee education and improve retirement readiness |
Achieve Tax Savings & Wealth Building with a Direct Recognition Variable Investment Plan
We hosted an informative webinar discussing the benefits of a Direct Recognition Variable Plan (DR-VIP) and how this forward-thinking retirement plan provides higher tax-deductible contributions and optimizes benefits for professional firms and businesses.
If you missed it, you can watch the recording to learn more.
How USI Consulting Group can help
Consolidating retirement plan services with a single provider can save money, improve your peace of mind and increase accountability. USICG’s Direct Solutions bundled services program embodies three critical elements that are invaluable to employers:
- Help employees save and invest for retirement
- Provide a valuable and cost-effective benefit program
- Help protect retirement plan managers and fiduciaries
To learn more about how we can help optimize your plan, drive financial wellness for your employees and influence the long-term financial success of your organization, please reach out to us at information@usicg.com.
*Investment advice provided to the Plan by USI Advisors, Inc. Under certain arrangements, securities offered to the Plan through USI Securities, Inc. Member FINRA/SIPC. Both USI Advisors, Inc. and USI Securities, Inc. are affiliates of USI Consulting Group.
1023.S1110.0087
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