After spending many years in the retirement industry, I’ve found a disturbing, but all too common theme among the providers.  Throughout the industry, the providers all look out for their own best interests.

Third Party Administration (TPA) firms do not provide advice regarding plan design or administration.  Financial advisors do not tend to have a grasp on all the aspects of plan administration.  Although they are knowledgeable of investments, their focus is not on the design or operation of a plan.  Make no mistake; these providers serve an important role in the overall operation of a plan.  However, they are focused upon their own business and not the needs and goals of their clients.

Employees and plan participants are protected as they have massive government agencies such as the IRS and the Department of Labor looking out for their best interests. With unnerving regularity while examining compliance or operational issues with a retirement plan, I found myself asking, “Who’s looking out for the best interests of the employer?  How can a small business owner effectively operate a 401(k) plan unless they incur a tremendous expense and hire a full-time plan administrator?” 

The answer that occurred to me was, “They could have a partner in the retirement industry.”  With that thought, Strategic Partners Consulting Group was born.  With our help, business owners can focus on what they do best, run their business.    Thus we began to operate with one simple mission in mind:

Our Mission:  Through our unique partnership approach, we will provide high quality retirement plan consulting and operational monitoring to allow business owners the freedom to focus on growing their business rather than the administration of their retirement plan.