Assistance in Administering Pension Plans
CASH OR ROLLOVER? ANNUITY? WHAT TYPE OF ANNUITY?
These are just a few of many decisions plan participants
must make upon their retirement or termination of service.
The choices they make determine not only their benefits,
but also those of their survivors. And once they make a decision,
it is permanent.
Most retirees confront a daunting experience just in getting
their retirement benefits started. And many organizations
lack the depth of staff and/or the expertise to administer
pension plans and to help their participants interpret their
options at retirement or termination and file their forms.
They want personal attention.
An important by-product of our claims and administrative
protocols is third-party review and permanent file documentation.
We have learned that a copious paper trail is important to
plan participants and to plan sponsors. It is vital to locating
former employees and answering questions as time passes.
Originating and maintaining useful copies of claims forms
and supporting documents is a distinguishing characteristic
of our practice.
Pension Services Corp. (PSC) is a division of Nicolay Consulting
Group designed to help plan sponsors establish and manage
pension plans and to demystify this complex and confusing
process. PSC assigns a permanent team to work with plan sponsors
- Design custom, flexible forms
and procedures that fit the plan sponsor’s needs
and those of its employees.
- Process retirement from start to finish.
- Work directly with plan participants to understand their
options and file the necessary forms.
- Manage day-to-day plan administration.
- Stay in touch with former participants who are entitled
to a future pension.
Our work may be as limited as answering an occasional question
and assisting in the forms and procedure design or as comprehensive
as total outsourcing of claims processing and plan administration.
PSC staff are always available by phone and in person to
work with our plan sponsors and their employees.
Contact us to discuss specifics.