DWC ERISA Consultants

Upcoming Events/Where We'll Be

Every plan may be unique, but there are a series of core components all plans require in order to operate properly and efficiently. Roll over each of the Plan Components below to learn how DWC adds value to each of these critical aspects.

While DWC does not provide recordkeeping or investment advisory services, we are able to work with your existing providers or suggest partners to help create a comprehensive solution. DWC is platform-neutral. We are able to collaborate with any combination of recordkeepers and/or investment advisors that will best support you and your plan.

PLAN DESIGN | At initial engagement and ongoing intervals as needed

WHAT WE DO
  • Conduct comprehensive strategy and plan review sessions
  • Deliver detailed Welcome Package with key action items
  • Monitor business changes and recommend plan updates as needed
THE DWC DIFFERENCE

We begin by consulting with key members of your organization to understand all facets of your business, including growth expectations, turnover experience and succession plans. Taking all of this into account, we create a more robust plan perfectly matched to your needs. We also periodically revisit the plan to make sure it remains in alignment with your goals and changing regulations.

RECORDKEEPING | Continuous, Ongoing

SERVICES THEY PROVIDE
  • Participant-level accounting
  • Website for participants to view/change their investment elections
  • Quarterly participant statements
  • Transaction processing (contributions, transfers, loans, distributions)
  • Facilitation of fee disclosure to plan sponsors and participants as required by the Department of Labor
THE DWC DIFFERENCE

DWC works with many of the top recordkeepers in the industry and is well-versed in many systems. We can help you take full advantage of the solution you choose.

If you are looking for a recordkeeper, DWC can draw on its insight and years of experience to help you with the selection process. DWC is completely independent, so we can help you identify the provider that is best for you.

PLAN DOCUMENT | Created at initial engagement and updated at ongoing intervals as needed

WHAT WE DO
  • In-depth plan development to include selected provisions
  • Perform initial and ongoing review for consistency and compliance
  • Proactively suggest amendments or plan restatements
  • When changes are requested, review the entire document to minimize unintended consequences or inconsistencies
THE DWC DIFFERENCE

A properly drafted document is the foundaton of any plan. Even the slightest inconsistencies can lead to significant expense and/or penalties. For that reason, whether drafting an initial plan or making amendments, we take a detailed, proactive approach to make sure your plan is airtight.

INVESTMENT ADVICE | Continuous, ongoing

SERVICES THEY PROVIDE
  • Select the menu of investment options offered to participants
  • Monitor the investment menu to ensure options remain prudent and appropriate
  • Work with plan participants to help determine which options from the menu may be appropriate for them
THE DWC DIFFERENCE

DWC partners with investment advisors across the country. Our consultants are knowledgeable on the rules and regulations that govern fiduciary responsibility. We can work with you and your advisors to help ensure you have well-documented, prudent processes in place.

If you are seeking an investment professional for your plan, DWC can help you understand the different service models available and how they might help you fulfill your fiduciary responsibilites. DWC is neutral and can work with any qualified investment professional. This means our sole focus is on helping you identify the option that is best for you.

PLAN COMPLIANCE | Performed annually

WHAT WE DO
  • Perform thorough nondiscrimination testing to determine optimum results
  • Communicate with clients to explain costs and benefits
  • Include "Looking Ahead" section with observations that could impact future testing
  • Prepare required government reporting such as Form 5500
  • Calculate and/or verify company contributions
  • Review forfeiture account and loan activity
  • Coordinate mandatory cash-outs and required minimum distributions
  • Assist with annual plan audit (if applicable)
THE DWC DIFFERENCE

Plan compliance is a crucial part of the annual review process. Beyond ensuring all formal requirements are met, this is an excellent opportunity to review key plan elements and plan for the future. At DWC, we go beyond the required testing and reporting to determine the solution that will yield the best long-term results for our clients.

ONGOING CONSULTING

WHAT WE DO
  • Represent clients in IRS and/or DOL audits
  • Conduct due diligence reviews of benefit plans in conjunction with corporate mergers, acquisitions or other business transactions
  • Prepare plan corrections via the IRS and DOL correction programs
THE DWC DIFFERENCE

Armed with years of experience, DWC's consultants have extensive knowledge on a variety of issues related to qualified retirement plans.

PLAN COMPONENTS