episode 92: how to avoid common mistakes & design the ideal retirement plan – Rea CPA

episode 92: how to avoid common mistakes & design the ideal retirement plan

Andrea McLane | Retirement Plan Design | Ohio Business Podcast
Andrea McLane joins Dave on this episode of unsuitable on Rea Radio to talk about strategies that will help you hit your retirement plan design out of the park. Listen now!

Retirement planning is a team sport: participants, employers and trusted advisors need to work together to protect participants and ensure the plan is well-designed.

Andrea McLane, QKA, a manager on Rea’s pension administration team in the firm’s Dublin, Ohio, office, joins us on this episode of unsuitable on Rea Radio to talk about what business owners can do to hit their retirement plan design out of the park.

It Pays to Plan

It’s amazing how effective a well-designed retirement plan can be, and one of the most important things an employer can do is design a plan that encourages employees to be active participants. By working together with their employees and educating them about the plan, everyone wins.

Whether you need to design or participate in a retirement plan, you’ll want to know:

  • Why participants need their employer, an investment broker, and a capable Third Party Administrator (TPA) to help them navigate the retirement planning process.
  • How employers can avoid mistakes by reviewing the terms of their plan documents annually.
  • How participants can avoid the pitfalls of participant loans and hardship distributions.

If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.

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official transcript

Click here to read the official transcript to episode 92, “how to avoid common mistakes & design the ideal retirement plan.”