Plan design
Consider whether the plan still supports your company goals, employee needs and owner objectives.
Retirement Plan Services
Is Your Retirement Plan Still the Right Plan?
Your retirement plan should work for your employees, your business and your long-term goals. MRA helps you review plan design, investments, fees, providers and participant experience so you can make informed decisions about what should stay and what may need to change.
A practical second opinion on the retirement plan you already have, or guidance on the plan you are considering.A fresh look
When was the last time someone took a fresh look at your plan?
Businesses, employees, providers, fees and owner priorities all change. A plan that made sense several years ago may deserve another look today.
We help bring the moving pieces into one clear conversation, without assuming a provider change is the answer.
Request a Plan ReviewPlan sponsor questions
Questions worth asking about your retirement plan.
If you do not know the answers, that is a good reason to review the plan.
Schedule Your Plan Review- Are we paying a reasonable amount for the services we receive?
- Are our investment options still appropriate for the plan?
- Are employees using and appreciating the benefit?
- Could plan design better support owners and key employees?
- Do we understand who is responsible for each part of the plan?
- Does the plan still fit our recruiting and retention strategy?
Guidance built around your business
Retirement-plan decisions, connected to the full picture.
Retirement plan review & benchmarking
Understand what you have, how it compares and whether improvements should be considered.
Plan design
Evaluate retirement-plan structures around workforce, contribution goals, administrative complexity and cash flow.
Investment review
Support a disciplined process for evaluating and monitoring plan investment options.
Provider evaluation
Compare relevant services, technology, participant experience, support and plan expenses.
Implementation & transition support
Coordinate a transition among your business, selected providers and other professionals when a change is chosen.
Ongoing plan review
Revisit the plan as your business, employee needs, providers and owner priorities evolve.
Plan types
The right structure depends on your business.
401(k) plans
Flexible employer-sponsored plans that can combine employee contributions, matching and profit-sharing.
Profit-sharing plans
A contribution strategy to consider as part of broader plan design.
SEP IRA
A possible fit for certain self-employed individuals and smaller businesses.
SIMPLE IRA
A streamlined retirement-plan alternative for eligible smaller employers.
Defined benefit plans
A different retirement funding approach for certain businesses and owners.
Deferred compensation
A potential executive-benefit strategy when appropriate.
The MRA difference
Your 401(k) does not exist in a vacuum.
MRA looks beyond investments and administration to see how retirement-plan decisions connect to the rest of your business and financial life.
Retirement
PlanBusiness strategyEmployee benefitsOwner retirementInvestmentsTax planningCash flowCompensationInsuranceSuccession planning
PlanBusiness strategyEmployee benefitsOwner retirementInvestmentsTax planningCash flowCompensationInsuranceSuccession planning
How the review works
A second opinion should make your options clearer.
- 01
Start with a conversation
Learn about your business, employees, current plan and the questions you want answered.
- 02
Review the plan
Evaluate the areas relevant to the engagement, which may include structure, investments, expenses, providers and participation.
- 03
Understand your options
Discuss what is working, where questions remain and what alternatives may deserve consideration.
Frequently asked questions
Clear answers before you schedule.
How often should a company review its 401(k) plan?
Periodic review is an important part of plan oversight. The appropriate frequency depends on the plan, the business and changes in providers, costs, workforce or owner objectives.
What does a 401(k) plan review include?
A review may consider plan design, investments, expenses, providers, participation and the overall service experience. It is not a legal or compliance audit.
Can you review our plan without changing providers?
Yes. A review is a second opinion and assessment, not an automatic recommendation to replace your existing provider.
How do I know whether our 401(k) fees are reasonable?
Cost should be considered alongside services, features and value, rather than simply identifying the lowest price.
Can MRA help us start a new 401(k)?
MRA can help you evaluate plan design and coordinate implementation discussions based on your business and employee needs.
Do business owners still have responsibilities when they hire retirement-plan providers?
Outsourcing functions does not necessarily eliminate all plan-sponsor responsibilities. Understanding provider roles and documenting significant decisions remains important.
MRA retirement plan review
You do not have to change your 401(k) to take a better look at it.
A retirement plan review can help you understand what you are paying, what you are providing and whether the plan still fits the business you have built.
Schedule a Complimentary Plan Review