| Initial Setup |
Finalize Setup |
Enrollment and Implementation |
RPG Consultants
- Collect Client Data and Create Client Account
- Schedule plan document pre-interview
- Develop plan document
- Set up custodian account
- Send initial invite with paperwork for client signature
- Coordinate transfer of account assets and records with plan valuation*
- Draft communications for distribution to employees and providers*
- Confirm liquidation timeline with outgoing recordkeeper*
- Screen advisor’s initial fund selection for restrictions
|
RPG Consultants
- Finalize enrollment meeting schedule
- Draft and send plan document for signature (only applies if RPG is the TPA)
- Receive finalized fund selection from advisor
- Establish plan on RPG recordkeeping platform with investment selections and models
- Create enrollment kits
- Provide plan sponsor with enrollment kits and webinar
|
RPG Consultants
- Hold enrollment meeting
- Send template for 401(k) deduction upload
- Receive first payroll from plan sponsor
- Set up payroll process on RPGFocus platform and process first contribution file on plan sponsor’s behalf
- Coordinate transfer of assets and records with plan valuation*
- Reconciliation and reinvestment of plan assets*
- Provide comprehensive payroll training with second payroll
|
| 4-6 weeks before plan start |
1-3 weeks before plan start |
1st week of implementation |
Plan Sponsor
- Sign plan setup paperwork and provide requested documents
- Distribute communications and notices as prepared and instructed by RPG
- Begin discussing dates for enrollment meeting
|
Plan Sponsor
- Finalize enrollment meeting schedule
- Finalize fund selection with advisor
- Distribute enrollment guide, provided by RPG, to employees
- Notify employees of enrollment meeting schedule
|
Plan Sponsor
- Hold enrollment meeting
- Collect and process contribution election information
- Complete payroll training
|
| 4-6 weeks before plan start |
1-3 weeks before plan start |
1st week of implementation |
Advisor
- Begin discussing dates for an enrollment meeting
- Work with plan sponsor to determine the investment menu
|
Advisor
- Finalize enrollment meeting schedule
- Finalize fund selection with plan sponsor and RPG
|
Advisor
- Hold enrollment meeting
- Assist with plan sponsor and participant questions about investments
|
* Only applies for takeover of existing plans
** This timeline is provided as a general resource to assist you in the implementation process. Exact steps and timeframes will vary for each plan
