Retirement Plan Services
Plan Participants
A plan participant either contributes into a pension plan or is in a position to receive benefit payments from the plan. It includes a retired person receiving distributions from a pension plan, or a beneficiary or dependent named by a contributing member. A plan participant has the right to receive benefit payments from a pension plan, whether it is a defined benefit or a defined contribution pension plan, as long as the requirements under the plan's contract have been fulfilled.
While plans can look very different, the need for professional oversight, ongoing employee education, and completely independent objective advice remain constant. SFP Wealth’s services for plan participants includes: evaluating plan metrics and employee demographics, design a custom financial wellness program, conducting on-site and/or virtual meetings (employee enrollment meetings, education group seminars, one-on-one participant consultations), creating an education policy statement, and assisting terminated employees with options.