New Provider of Small and Mid-Size Retirement Plans Created

Aurora, Illinois-based Sikich LLP has announced the formation of a new subsidiary, Sikich Retirement Plan Services LLC.
A news release said the new company will specialize in providing custom retirement plan solutions for small to mid-size corporate retirement plans and will operate from locations in Aurora and Springfield, Illinois.
According to the announcement, the Aurora location will be headed by Sikich Partner, Karen S. Sanchez, while Diana Jordan will direct the Springfield operations.
Services will include compliance, recordkeeping, and fiduciary and investment advisory consulting. Clients can choose from an integrated retirement plan solution or a custom solution that utilizes any combination of retirement services. All services will be provided with fee disclosure, according to the news release.
The new entity will also offer fiduciary assessments to plan sponsors and retirement plan committee members to help determine if the plan sponsor is fulfilling the requirements of the Employee Retirement Income Security Act (ERISA). The Sikich platform will also focus on plan participants in an effort to increase participation and average deferral rates.
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