Failure to know when your benefits plan is inadequately serviced is another form of unwanted risk. Not acting on that knowledge when discovered is even more harmful. Imagine the consequences of inaccurate benefit calculations, lack of regulatory updates, or poor communication to plan participants.

Preventable Risk

The risk associated with inadequate plan administration is preventable when high standards and process planning are comprehensively applied. By example, corporate and banking environments are deeply affected by legislative or regulatory actions and new reporting requirements. One oversight could lead to a compliance issue.

In-House vs. Third-Party

Companies that manage plans in-house make a significant financial investment in specialized talent, typically with account teams, account managers, benefit analysts and financial analysts. But this is a costly administrative burden and corporate liability.

What's more, compliance issues must be followed with complete fidelity. There are ample cautionary tales about companies that did not follow Best Practices.

At best, poorly serviced plans result in unnecessary expense. At worst, people's future lives are compromised.

Play to Strengths

As organizations reevaluate their approach to retirement management, many have decided that this is not an area of strength. Instead, they have outsourced and posted real cost efficiencies with plan administration in the hands of an expert third-party benefits firm.

The quality of plan administration at Clark Consulting helps to set the standard for the benefits industry. Consider the advantage of having an entire team of experts at the helm of your plan every day.

• More than 100 specialists concentrate on nonqualified plan administration
• The majority hold advanced designations or degrees
• In-house experts include tax and ERISA attorneys, CPAs, and actuarial consultants

Nonqualified Plan Administration Services

• Complete web interface and online enrollment and administration
• Integrated platform for nonqualified plans
• Individual benefit calculations
• Account balances, accrued benefits and projected retirement benefits for DCP, DBPs
• Performance-driven benefit plan award calculations and balances
• Participant and annual benefit program reports; proxy disclosure guidelines

• Pre- and post-purchase analysis
• Cash value and death benefit administration
• Prepare customized enrollment documents and communication tools
• Conduct enrollment meetings
• Collect enrollment information either in hard copy or via Internet enrollment
• Provide clients with enrollment summaries

Investment BOLI Portfolio Services

• Full complement of reporting documentation
• Toll-free Client Info Calls, Special Client Bulletins
• Password-protected Clients Only module within website

The axiom 'success is in the details' defines plan administration at Clark Consulting. How well we manage details helps to safeguard your organization against business risk.

Keeping You Informed

Our goal is to make work easier for our clients-that means clear and consistent communications with benefits specialists and plan participants. We ensure ongoing support for plan sponsors and participants through individual counseling, modeling, toll-free telephone and email access and, of course, private internet access. Add to this, we create and distribute an extensive selection of educational materials such as:

• Executive Topics, a fast-format newsletter on nonqualified plan issues
• Bulletin updates on tax, accounting and legal issues
• Exclusive surveys on market trends
• Annual Plan Reviews
• Comprehensive and tailored administration manuals