Process Documentation and Staff Training
Documentation of your retirement plans and the administrative and service process and all the interactions that take place between your record keeper, trustee, payroll and HR people and plan participants is critical. Without thorough documentation, consistency in process and continuity in succession is jeopardized. Training time can be reduced dramatically with the help of documentation, and documentation gives peace-of-mind to managers and executives.
SGP Consultants reviews your administrative processes and your third party interactions to:
· Write complete and easy to follow documents that describe all of the components of your retirement plan administrative process
· Document the processes and interactions of your service providers
If you are caught short-handed and your plan administration is left hanging, or if your current staff just needs some reinforcement or guidance, then SGP Consultants will:
· Study your administrative requirements, document them and then train your staff so they can effectively and efficiently continue their role in the administration of the plan.
SGP Consultants doesn’t provide an off-the-shelf recipe for clients. Every situation is different and each client has its own particular needs and requirements. We will talk to you, look closely at your needs and propose alternative solutions that fit into your budget.
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