Retirement Plan Services

Qualified retirement plans for organizations

Retirement plan services for your organization

An employee retirement plan may be one of the most important components of your corporate strategy. Having a strong retirement plan can help your organization attract and retain quality employees—who provide long-term value to your clients, business and bottom line.

Benefits of Retirement Plan Services

Helping you manage your company's plan

We're here to help turn your qualified retirement plan into a competitive advantage. Our experienced team of institutional consultants can help you build a better recruiting proposition, manage fiduciary liability and drive a positive outcome for plan participants.

  • Our open-architecture investment structure helps you build a retirement plan that becomes a cornerstone of your employee benefits package
  • We help your organization understand and minimize your fiduciary liability
  • Our unique expertise helps you minimize liability, improve participant outcomes and create plan designs that achieve your organization's goals

A closer look at retirement plan services

Our experienced team can build and implement a plan for your organization using these key tenets.

Investment services

We provide consultation and assistance for your organization in a variety of fiduciary capacities, including through trustee services, ERISA 3(21) and 3(38) services. We offer an open-architecture investment selection—backed by a comprehensive due diligence process—to ensure your retirement plan remains a compelling talent acquisition and retention offering.

Administration and plan design consultation

Many challenges associated with administration and annual testing can be mitigated through a strong plan design. From auto-enrollment to safe-harbor contribution options, our experienced retirement plan consultants will work with you to design a plan that fits your organization.

RFP and benchmarking services

Our dedicated retirement plan consultants work with your team to develop a comprehensive RFP process for record keeper services and other vendors to build a robust benefit offering. We also offer continuous benchmarking of your plan to gauge your investment expenses, participant outcomes and plan structure compared to your peer organizations.

Participant and committee education

We develop a comprehensive education program to help your employees continue down the path toward a successful retirement. We also help educate your board and retirement plan committee on their fiduciary responsibility and plan structure.

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Retirement Plan Services FAQ
People often ask us

A retirement savings plan is a method by which individuals save money for retirement. Depending on the plan, individuals set aside a predetermined amount or percentage of funds each year to put toward retirement. Retirement savings plans are often tax-advantaged for both individuals and the organizations offering the plans as a part of employee benefits packages. Common employer-sponsored retirement savings plans include 401(k)s and 403(b)s but may also include profit-sharing plans and pensions.

There are many ways to structure a retirement that work well for employees and plan sponsors. There are also many variables to consider, including contribution amounts, tax efficiency and administration. It's important to work with a consultant who's well-versed in qualified plans.

Retirement plan administration can be time consuming and open your organization to risk. Plan design enhancements like auto-enrollment and auto-escalation, as well 360-degree payroll integration with your preferred provider, may be helpful.

Your investments in securities and insurance products and services are not insured by the FDIC or any other federal government agency and may lose value.  They are not deposits or other obligations of, or guaranteed by any bank or bank affiliate and are subject to investment risks, including possible loss of the principal amounts invested. There is no guarantee that a strategy will achieve its objective.

About the Entities, Brands and Services Offered: First Citizens Wealth™ (FCW) is a marketing brand of First Citizens BancShares, Inc., a bank holding company. The following affiliates of First Citizens BancShares are the entities through which FCW products are offered. Brokerage products and services are offered through First Citizens Investor Services, Inc. ("FCIS"), a registered broker-dealer, Member FINRA and SIPC. Advisory services are offered through FCIS, First Citizens Asset Management, Inc. and SVB Wealth LLC, all SEC registered investment advisors. Certain brokerage and advisory products and services may not be available from all investment professionals, in all jurisdictions or to all investors. Insurance products and services are offered through FCIS, a licensed insurance agency. Banking, lending, trust products and services, and certain insurance products and services are offered by First-Citizens Bank & Trust Company, Member FDIC, and an Equal Housing Lender, and SVB, a division of First-Citizens Bank & Trust Company. icon: sys-ehl

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