Journey Financial helps you with retirement planning, college savings, estate planning, tax planning, investments

Resources for Plan Sponsors

Serving Boston, Concord, Carlisle,
Acton, Bedford, Burlington, Lexington, Lincoln, Maynard, Waltham, Westford
in MetroWest Massachusetts

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For Plan Sponsors: Preparing

Here are forms, tools and check lists to help you make good use of your time when you embark on the process of evaluating your retirement plan and proposals from providers. The sources are primarily the government, the IRS and the Department of Labor. You can also find our request for information form.

Send us your basic plan information and we will be able to determine if we are a “contender” for competing for your business. Your information will be treated confidentially and you may gain comparison data at no cost and with no obligation. Journey Financial Planners Request for Information Form.

If you are so early in the process and are not sure what to ask for, you can start here to get an overview of retirement plans for business.

IRS Retirement Plan Tools | U.S. Department of Labor Compliance Tools

Internal Revenue Service (IRS) Retirement Plan Tools

Retirement Plan Navigator
Provides a guide to the relevant IRS publications. The brochure also includes many helpful checklists and other resources for plan sponsors. The PDF Brochure's last page has a list of all the IRS publications available, organized around the stage an organization may be in. From choosing, establishing and operating, maintaining and correcting your SEP, Simple IRA, SARSEP, 401(k), and 403(b) plans.

Here is where you go to make sure your bases are covered as a plan sponsor. It is important to be in the know even if you outsource your plan to a consultant, advisor or financial services firm. Don't make the mistake thinking that you can outsource your Fiduciary Obligations—you can't.

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U.S. Department of Labor, Employee Benefits Security Administration Compliance Tools

FirstStep Employment Law Advisor
Helps businesses interested in finding information about major DOL employment laws that may apply. The FirstStep Employment Law Advisor is designed to help employers determine which federal employment laws administered by the U.S. Department of Labor (DOL) apply to their business or organization, what recordkeeping and reporting requirements they must comply with, and which posters they need to post.

elaws (Employment Laws Assistance for Workers and Small Businesses)
Helps you learn if laws and regulations apply or not and provides direction to more information. The elaws Advisors are interactive e-tools that provide easy-to-understand information about a number of federal employment laws. Each Advisor simulates the interaction you might have with an employment law expert. It asks questions and provides answers based on responses given.

ERISA Fiduciary Advisor (elaws)
Provides information and answers to a variety of questions about who is a fiduciary and their responsibilities under the Employee Retirement Income Security Act (ERISA).

Small Business Retirement Savings Advisor (elaws)
Provides answers to a variety of questions about retirement savings options for small business employers and determines which program is most appropriate for a business.

Fulfilling Fiduciary Obligations Can Present Challenges for 401(k) Plan Sponsors
Provides information on sponsors responsibility for private pensions from the United States Government Accountability office.

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