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, annuities and insurance are not insured by the FDIC or any other federal government agency and may lose value. They are not a deposit or other obligation of, or guaranteed by any bank or bank affiliate and are subject to investment risks, including possible loss of the principal amount invested. Past performance does not guarantee future results. Asset allocation, dollar cost averaging and diversification do not guarantee a profit or protect against loss. There is no guarantee that a strategy will achieve its goal.

First Citizens Wealth Management is a registered trademark of First Citizens BancShares, Inc. First Citizens Wealth Management products and services are offered by First-Citizens Bank & Trust Company, Member FDIC, Equal Housing Lender; First Citizens Investor Services, Inc., Member FINRA and SIPC, an SEC-registered broker-dealer and investment advisor; and First Citizens Asset Management, Inc., an SEC-registered investment advisor.

Brokerage and investment advisory services are offered through First Citizens Investor Services, Inc., Member FINRA and SIPC. First Citizens Asset Management, Inc. provides investment advisory services.

Bank deposit products are offered by First Citizens Bank, Member FDIC.

See more about First Citizens Investor Services, Inc. and our investment professionals at FINRA BrokerCheck.

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