Qualified Retirement Plans

Qualified Retirement Plans and IRAs

Qualified retirement plans (QRPs) and IRAs offer both short and long-term wealth accumulation benefits. OJM Group has reviewed or implemented qualified plan designs for numerous companies and professional practices throughout the country and we are well-versed in profit-sharing plans, 401(k)s, traditional pension and defined benefit plans, and all types of IRAs.

OJM can serve as a co-fiduciary for a QRP and remains independent of the plan’s third-party administrator (TPA) and recordkeeper.

Our team offers a complimentary QRP analysis through an independent benchmark study, providing a fundamental first step toward prudent QRP management and peace of mind for employers. The audit can alert business owners and plan administrators to issues within their QRPs, including:

  • Overpayment of fees for recordkeeping, third-party administration and/or investment advisory services.
  • Potential conflicts of interest between your TPA and in-house investment advisor.
  • A fund lineup that is too expensive or lacks flexible options for participants.
  • Absence of a co-fiduciary to share potential liability for plan management and performance.

ARTICLES

global stock abstract
Bob Peelman

June 2020 Stock Market Update

Stock markets continued their climb higher in May, adding to their strong returns in April.…

VIDEOS

american flag with money
Webcasts

So, You Got A PPP Loan… Now What?

As a part of the CARES Act passed by Congress in response to the COVID-19…

PODCASTS

stock charts on smart phone
Bob Peelman

Why is the Market Going Up?

OJM Group · Why Are the Markets Going Up When Economic News Looks Grim? In…