Retirement Services offers a comprehensive suite of services to eliminate the issues that frequently prolong or derail 401k plan terminations. As a result, record keepers are able to improve profitability, relieve staff of maintenance and reporting obligations, and provide valuable assistance to plan administrators.

 Resolve Plans Faster – Reduce the expense of maintaining terminating plans by helping plan administrators overcome the many administrative hurdles that can delay or prevent the distribution of plan assets.

Concentrate on Your Active Plans – Apply your resources more profitably by handing over the administrative burdens associated with plan termination to Keane.

Ensure Compliant Distribution – Rest assured that plan administrators are authorizing distributions in a manner supported by the plan document, ERISA and regulatory guidance.

Record keepers historically maintain thousands of plans that are suspended in the termination process because they lack a viable option for resolution. The plans represent a persistent, unnecessary cost for record keepers until they can be closed.

Your Least Profitable Plans -- Balances of terminating plans fall to 25% (on average) of active plan balances.

A Burden on Your Resources – Staff will continue to manage a complex range of issues with legal departments, distribution administrators and plan participants until all plan assets are distributed.

An Escalating Problem – with thousand of plans terminating each year the backlog of plans in limbo continues to grow.

Retirement Services offers a suite of services that eliminate these problems by helping plan administrators complete the termination process quickly and efficiently.