At our firm, we provide help in the following areas: TYPES OF EMPLOYEE BENEFIT PLANS 401(k) Profit Sharing Money Purchase Target Benefit Defined Benefit Cash Balance Floor Offset Plan Comparison Chart PLAN ADMINISTRATION AND RECORDKEEPING SERVICES Plan Design Plan and Trust Preparation Daily Valuation Compliance IRS/DOL Reporting Defined Benefit Valuation Cafeteria Administration IRS/DOL Audit Assistance DAILY VALUATION Daily Valuation IRS/DOL Reporting WEB Access Participant Plan Sponsor PAYROLL Efficient payroll and payroll data delivery systems are fundamental to cost effective plan administration. Systems that are both compatible with those of the plan’s third-party administrator, and that transmits data electronically to the third-party administrator, benefits plan sponsors, administrators or others responsible for compiling and delivering payroll as follows:    §          Eliminates delays occasioned in data gathering and copying; §          Eliminates potential transcription errors; §          Reduces possibility of employee double counting; §          Speeds up third-party administrator processing time; §          Faster delivery for employee certificates, administrative reports and IRS/DOL reporting. The Weiss Group provides guidance and acts as a facilitator for plan sponsors and others in these matters.   INVESTMENTS Investment selection and oversight are both crucial in the operation of a retirement plan - and lead to an awesome responsibility.  Central to this ongoing process is the fiduciary relationship that exists between: §          Those entrusted with the management of plan assets; and §          A plan’s participants and the plan. The term fiduciary is defined by function in ERISA § 3(2)(A).  Generally, with respect to an employee benefit plan, a fiduciary is a person or entity to the extent the person or entity: §          Exercises discretionary authority or control respecting management of such plan or its assets; §          Renders investment advice for a fee; or §          Has discretionary authority or responsibility in the administration of such plan. The definition is sweeping; Measures must be taken by individuals and entities to avoid becoming an unintended fiduciary and to limit liability, whenever possible.  In this regard, a written Investment Policy Statement is critical.  Since fiduciary misconduct is subject to money damages, it is important that fiduciaries understand their investment duties.  Investment advisors are often utilized in carrying out all or some investment duties.  Selecting an Investment Advisor is, in itself, an investment duty and should be done so with care. TWG provides guidance and acts as a facilitator for plan sponsors and others in these matters. If you have any questions please email or call us.

1111 E Touhy Ave Suite 235 Des Plaines, IL 60018 Tel: 847-296-2045 Fax: 847-296-5078 Email: