Retirement Plan Administration

Retirement Plan Administration

Objective Insight

Helping Your Business Build a Stronger Financial Future for Your Employees

As a business owner, you care about the financial future of your employees, and you want to give them the necessary tools to help save for retirement.  In addition, providing a retirement plan is becoming the standard in many businesses, and your business cannot afford to miss out on prospective job candidates in what is already a tight labor market. 


You know that implementing and managing a retirement plan is essential for attracting and retaining top talent—but it can also be complex, confusing, and time-consuming. Our expert retirement plan administration services ensure compliance, accuracy, and efficiency, so you can focus on growing your business while providing employees with a secure financial future.  Let the seasoned professionals at Dowell Group guide yor business through the process of planning, creating, and managing a retirement plan. 

Key Reasons to Choose the Retirement Plan Services at Dowell Group:

  • Compliance & Regulatory Expertise – We ensure your plan meets all IRS, ERISA, and DOL regulations.
  • Customized Plan Management – Tailored solutions that align with your business goals and employee needs.
  • Accurate & Timely Recordkeeping – Secure, real-time tracking of contributions, distributions, and loans.
  • Dedicated Support & Guidance – Expert consultants available to assist with plan design and administration.
  • Timeliness - The value of this cannot be overstated.  With data provided to us timely, you will not push against deadlines and risk fines and penalties from the IRS or the Department  of Labor.  Your auditors will get information from us in ample time to complete the plan audit.

Examples of the Retirement Plan Services We Provide

Our professionals know what your business needs.  Dowell Group's retirement plan services are flexible to fit the unique needs of our business clients. To help you visualize what we do, a small sampling of our retirement plan engagements include the following:

401(k) Plan for a family-owned restaurant with muliple locations throughout Chicagoland and expansion into other states - due to the nature of the business, there is a large and fluid employee group that needs to be monitored to determine participation in the plan. Because of the complexities and volume of potential participants, it is critical to administer the plan timely, as the plan is subject to an annual certified audit by an independent CPA firm.


Combination 401(k) and Profit Sharing Plan - Sole Owner Consulting Practice – with no other employees in this plan other than key family members, the plan was designed by Dowell Group and is managed to maximize benefits to the participants. 


Profit Sharing Plan - Chicagoland Law Firm  – this plan was designed to cater to the stable professional workforce of this law firm, maximizing benefits on an annual basis, while also providing ownership with the ability to reduce financial  exposure if the firm's economic performance falters.


Safe Harbor 401(k) Plan – Local Dental Office - this plan was designed for a small business to make fully vested safe harbor contributions to avoid annual nondiscrimination testing. The Safe Harbor plan design benefits the employees, the business owner, and the company.  Additional employee benefits, such as a profit sharing or matching contribution, could also be incorporated into this plan design. If additional employer contributions are made, the plan would be subject to more rigorous compliance requirements and testing.




Comprehensive Retirement Plan Services Available from Dowell Group

Let the professionals at Dowell Group guide and assist you in this critical work. These are some of the services we provide:

  1. Plan Design & Implementation – Structuring plans that meet your company’s objectives.
  2. Compliance Testing & Reporting – Ensuring compliance with non-discrimination testing and filings.
  3. 401(k) & Retirement Plan Administration – Hassle-free management of contributions, vesting, and distributions.
  4. Fiduciary & Regulatory Assistance – Protecting your business from compliance risks.
Share by: