Retirement Management Services, LLC

Retirement Plan Expertise

For some employers, a retirement program is a tool used to attract good employees. For others, it's a tax deferred incentive plan to share profits with employees. The plan can also be a wealth accumulation tool for the owners. Regardless of your plan objectives, we can help your business design and administer a retirement program that meets your needs.

Independence

We sell no investment or insurance products. We are compensated strictly on a fee basis and rebate back to clients any revenue sharing received.

Client Base

The majority of RMS' clients are located in Kentucky and Southern Indiana. However, as a TPA firm that is approved by many national vendors, RMS has clients headquartered in numerous other states.

Our clients range in size from one participant plans to companies with over 50,000 employees and they operate in a variety of industries. So, no matter the size of your plan, our staff has the expertise to understand the unique needs of your business and can assist you in meeting your retirement plan needs.

Full Range of Services

At Retirement Management Services we know the importance of a cost effective retirement program and timely administration. Our staff has the expertise to design plans, to evaluate the impact of changing laws, and to provide routine annual administrative services.

Types of Retirement Plans for which we provide services include:
- Profit Sharing
- 401(k)
- 403(b)
- Money Purchase
- Employee Stock Ownership Plans
- Age-Weighted
- New Comparability Profit Sharing Plans (Cross-Tested)
- Target Benefit
- Davis-Bacon (Prevailing Wage)

Routine Services include:

- Summary of Accounts

- Census Review

- Allocation of Contributions

- Participant Statements

- Compliance Testing

- Coordination with other Consultants

- Signature-ready Form 5500

- Vesting Updates

- Verification of Distribution / Loan Eligibility

Additional Consulting Services:

- Plan Design

- Key Employee Contribution Optimization

- Complete Distribution / Loan Coordination

- Forms 1099, 1096, and 945 preparation

- Non-standardized Prototype Document

- Merger and Acquisition Analysis

- Control Group Administration / Testing

- Qualified Domestic Relation Order Reviews

- IRS / DOL Compliance Resolution

- Vendor Searches

- Plan Terminations

- ESOP Feasibility Studies

Approved TPA for Daily Vendors

RMS has been chosen by over twenty financial organizations as an approved Third Party Administrator. These companies regularly recommend that their clients retain RMS for compliance testing, government filings, plan documents, and consulting. In the meantime, the financial institutions maintain participant account balances, provide investment education, and offer "daily" plan services.