By Mark Olsen, Managing Director at PlanPILOT
Preparing for retirement is vitally important. You know that, and that’s why you offer a defined contribution plan to your employees. But the day-to-day management of that plan, staying compliant, and providing the support and education for your employees to maximize their benefit is a heavy load to carry.
PlanPILOT was created just for you. Seeing a need for services specific to the challenges and needs of plan sponsors, we created our firm to provide proactive, value-adding services to our clients, their plan committee(s), and their employees all so that you can experience better outcomes and less risk.
What We Do
As a plan sponsor, you’ve probably asked at least one of the following questions:
- How can we fulfill our obligations while minimizing risk so we are protected from the possibility of litigation?
- Is there anything we can do to help our participants improve their retirement outcomes?
- How do we decide when it’s time to either replace or add an investment option?
- Are we running our plan efficiently and administering it appropriately?
Our services are a direct solution to those questions and more. That’s why, in order to fully meet the complex and ever-changing tasks and challenges inherent in plan management and deliver unparalleled services, we solely serve retirement plan sponsors and their participants.
The truth is, the retirement plan landscape is constantly changing, which means that you likely feel like you’re always running to catch up to dot every i and cross every t. Our support in the oversight and management of your plan is our focus—helping you control the business risks associated with operating a plan so you can deliver the benefits at the heart of your plan.
How We Work
Whether you represent a corporation, an educational institution, a non-profit, or in the public sector, our experienced and knowledgeable consultants spend time understanding your business and the participants you are serving so we can customize and design tailored strategies that help you achieve your unique goals.
Using our holistic, five-pillar approach, we make sure that your bases are covered when it comes to plan governance, plan design, participant education, provider consultation concerning recordkeeper services, contracts, and fees, and investment oversight.
Choosing investments to offer, communicating details and changes to your participants, protecting from risk, improving outcomes…PlanPILOT’s mission is to come alongside you and take some of the plan sponsor burden off your shoulders and reduce your workload. Our fiduciary, fee-only, conflict-free model helps you experience peace of mind you can’t put a price on.
The PlanPILOT Difference
If you haven’t caught on already, we do things differently here. With the complicated (sometimes overwhelming) role you hold, you need extra support. That’s why we provide a senior consultant for every one of our clients. We don’t just see our job as checking items off lists—we know that our work improves people’s lives, decreasing stress for our plan sponsors’ administration teams and helping your participants secure their financial future. Money may not buy happiness, but constant worry about money can lead to misery. We want to take that worry out of the equation for you and your company.
Experience Better Outcomes and Less Risk Firsthand
Let PlanPILOT help your retirement plan administration team and your plan participants achieve better outcomes. Call us at (312) 973-4913 or email mark.olsen@PlanPILOT.com to meet our consultants or learn more about our services.
About Mark
Mark Olsen is the managing director at PlanPILOT, an independent retirement plan consulting firm headquartered in Chicago. PlanPILOT delivers comprehensive retirement plan advisory services to 401(k) and 403(b) plan sponsors. Drawing on more than two decades of experience, Mark provides institutional retirement plan consulting to 401(k), 403(b), and defined benefit plans. His specialties include plan governance, investment searches, investment monitoring, and plan oversight. Mark is recognized as a leader in the industry and speaks at national conferences, including those organized by Pensions & Investments, Stable Value Investment Association, and CUPA-HR.