An important advantage of the Ronald Blue & Co. Retirement Solution is the work that is done on the compliance of the plan with the IRS and DOL regulations.

Traditionally, most non-profits have offered multiple 403(b) vendors for their retirement plans, which can be a problem if none of the vendors performs a complete compliance for all the vendors. The lack of compliance check can leave a non-profit employer vulnerable to IRS and DOL audits, and possible penalties if anything is out of order.

The RB&Co. Retirement Solution will provide one source for the retirement plan and all necessary compliance testing. We collect the information at year and perform the testing for the plan sponsor. Any corrective action necessary to bring the plan in compliance is performed by Principal. This will enable the employer to maintain their plan in compliance with the IRS and DOL regulations.

Also, IRS regulations change continually. This has been good news for associations that now have more retirement program options than ever before. However, the IRS has begun stringently enforcing regulations and assessing severe penalties for non-compliance. Your Principal Representative will work with you to ensure that your organization avoids these unnecessary fines.

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