Welcome to the DWC Consultants Pension Portal
The Pension Portal provides the plan sponsor, investment advisor, or platform provider the following information:
1. On demand status of all compliance tasks
2. A message board that provides new information on upcoming tasks or legislation
3. On demand access to plan documents, required annual notices, compliance tests, and our proprietary Annual ERISA Compliance Review
Plan sponsors should visit the Pension Portal on a quarterly basis for updates related to your plan or new legislation and at minimum after we post the Annual ERISA Compliance Reviews and required notices, as well as when you upload the census.
Our website offers our clients and industry practitioners a snapshot of certain key compliance topics related to defined contribution and defined benefit plans. We want to make sure our clients have the key information necessary to keep your plan in compliance. The combination of our website, Pension Portal, and our annual review will keep our clients up to date on all legislation and important issues as well as ensuring they have a process to ensure their plan is in compliance. Please contact your ERISA consultant with specific questions related to your plan as this website only introduces certain topics.
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Plan Design Projections/Sales Requests
If you are an approved investment advisor working with our partnered platform providers or a plan sponsor, please complete our plan sponsor information and participant census template and we will deliver the customized Plan Design Projection Report/Sales Proposal within two business days.
We provide full service ERISA consulting services (what some call TPA or third party adminstrator services) for defined contribution plans as well as actuarial and administration services for defined benefit plans (including cash balance plans).
For defined contribution plans, our ERISA consulting services include an annual ERISA Compliance and Fiduciary Review, an annual review meeting, full compliance services including a detailed compliance report related to eligiblity, company contribution corrections/true-ups, etc. Our annual ERISA Compliance Review kicks off the upcoming compliance season and is available on our Pension Portal in late Q3 for calendar year plans providing the following review infomation:
1. Plan document status (we make sure the plan is up to date for all remedial amendments)
2. Forfeiture account (the amount and options to clear the account)
3. Potential loan defaults
4. Stale terminated accounts (and tracks participants with unvested monies to determine when they can be forfeited)
5. RMD
6. Review of prior clean-up work from our year-end compliance report
7. Audit prep work (if applicable)
We only work with recordkeeping service providers and platforms that have met certain accreditation requirements (including ours).
To schedule an onsite meeting or include us on a plan design/sales conference call, please schedule this through Doug Hoefer at 651.204.2600 x 101 or contact us via email (dhoefer at dwcconsultants dot com).
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ERISA Consulting Services
If you are a plan sponsor seeking a consultant preparing for an IRS or DOL plan audit, EPCRS project, DFVCP, plan clean-up/forensics accounting, or a fiduciary revew please call Keith Clark at 651.204.2600 x 102.
If you are interested in hiring us for a service provider search, we recommend purchasing the Defined Contribution Handbook before engaging us or any firm. If you engage us for search services, we will not provide any recurring services related to the plan (although we can provide our plan and service provider fiduciary report on an as needed basis). Our search services uses a 25 question Request For Proposal (RFP) that is industry friendly that allows you to narrow down your potential service providers. The questions are straightforward and require no 'salesy' answers. The most important component of our search process is completing our 'Optimal Design and Services' document. This document creates your optimal plan design, investment menu, communication approach, and service model before sending the RFP. DWC Consultants is incumbent friendly (where possible) as the incumbent has the service history and often times the best change is simply to document a better process including defining all fees, roles, and service requirements.
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