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Sikich Retirement Plan Services LLC will meet growing 401(k) plan needs of underserved small to mid-sized market.
Aurora, IL June 13, 2007: Sikich LLP has announced the formation of a new subsidiary, Sikich Retirement Plan Services LLC. The new company will specialize in providing custom retirement plan solutions for small to mid-size corporate retirement plans and will operate from two locations, Aurora and Springfield, Illinois. In Aurora, the company will be headed by Sikich Partner, Karen S. Sanchez, CPA and Qualified Pension Administrator (QPA), while Diana Jordan, Accredited Investment Fiduciary Analyst (AIFA), will direct the Springfield operations.
In announcing the formation of Sikich Retirement Plan Services, Chief Executive Officer James A. Sikich said, “This Company is keeping with our corporate philosophy to develop and provide innovative, cost effective solutions which best meet the needs and challenges of our clients. As they seek ways to help their employees plan for retirement, we can help ensure their plan is successful for the business and its participants.”
Services will include compliance, recordkeeping, and fiduciary and investment advisory consulting. Clients can choose from a fully integrated retirement plan solution or a custom solution that utilizes any combination of retirement services. All services will be provided with full and transparent fee disclosure.
The new entity will also offer comprehensive fiduciary assessments to plan sponsors and retirement plan committee members to assist in determining if the plan sponsor is fulfilling the requirements of the Employee Retirement and Income Security Act (ERISA). The Sikich platform will focus on plan participants in an effort to increase participation and average deferral rates so employees can plan for a successful retirement.
"Sikich has been providing customized retirement plan services on a smaller scale for several years," said Sanchez, who is the Sikich Director of Employee Benefit Services. "The positive feedback that clients have given us combined with the lack of qualified and customized solutions in this market segment tell us there is need for the Sikich solution. Our new company enables us to bring our distinctive approach to a larger group of businesses."
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Sikich LLP
Corporate Office
998 Corporate Blvd
Aurora, IL 60502-9102
Phone: 630-566-8400
Fax: 630-566-8401
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