Retirement & Employee Benefits Research Group

Staffed by professionals averaging more than 20 years of benefits experience, the WESPAC Employee Benefits Research Group is an integral part of the value we offer our clients. Associated with Chang, Ruthenburg & Long, the group gives technical assistance on employee benefits and executive compensation issues, and represents our clients during filings, appeals and audits. To keep abreast of current developments, the group is active in employee benefits practitioner groups, trade associations and educational organizations. In addition, research staff members are involved in a wide variety of monitoring activities, including: Tracking legislative and regulatory developments that affect pension, healthcare, insurance, and other employee benefits; Preparing comments on proposals from the Department of Labor, IRS, Pension Benefit Guaranty Corporation, and other federal regulatory agencies. Helping to secure formal rulings and opinions from federal regulatory agencies reviewing judicial decisions; Monitoring the activities of the Financial Accounting Standards Board, National Assoc. of Insurance Commissioners, and other organizations and regulatory bodies that issue professional standards and have oversight responsibility.

Paycheck Illustrator

WESPAC's software product is designed to supplement written benefits communications and respond directly to employee requests for personalized retirement planning. Using powerful graphics, the Paycheck Illustrator helps employees see where retirement income shortfalls exist and how choices made today affect the future.

SearchPro

As a founding member of 401(k) Advisors USA, SearchPro is designated to provide a search and/or periodic due diligence to ensure quality assurance with in-place providers. SearchPro is licensed and, in conjunction with Plan Sponsor Magazine, it is specifically designed for plans with assets of $20M and under. With over 600 data points of updated information from the top 25-30 institutional providers, this system will allow us to provide annual benchmarking as part of our fiduciary compliance support services. This real time qualitative consulting tool will allow us to provide an industry leading RFP report at a fraction of the traditional cost. SearchPro methodology is formally endorsed by the national ERISA law firm of Reish, Luftman, Reicher & Cohen.

Publications

Perspectives: A quarterly newsletter on employee benefit topics.

Perspective Update: A periodic report to clients reviewing benefit issues of particular importance.

Monthly Benefits News and Developments: A monthly summary of official information on federal sources.

Unisource Retirement Services

Numerous companies are discovering the convenience and efficiency of a total retirement outsourcing approach. Separate retirement components adopted over time typically mean multiple service providers, duplication of effort and expense, and complicated program parameters that employees find difficult to understand. Enter WESPAC's UNISOURCE program. It seamlessly integrates your multiple retirement plans into a cohesive program with one provider, one platform, and one service solution. We offer a simplified approach with a full range of services for defined contribution plans, both qualified and nonqualified.

Unisource Retirement Services Include:

  • Bundled full-service
  • Unbundled segmented products
  • Plan design
  • Administration
  • Actuarial consulting
  • Investment consulting
  • Merger & acquisition analysis
  • Employee education
  • Employee communications
  • Conversion

Our consultants can help you evaluate different plan designs in the context of emerging industry trends and changing regulations. In addition, our interactive simulations models demonstrate the effect of alternative plan designs on both benefits adequacy and funding requirements.

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