Our Services

A Creative and Disciplined Approach to Tax-Qualified Retirement Plan Administration

SI GROUP provides plan design, administration and support services for plan sponsors and advisors related to 401(k), defined contribution, defined benefit and 403(b) plans. In all the work we do, we emphasize accuracy, timeliness and the highest level of customer service.

Plan sponsors look to SI GROUP to perform a wide variety of services

  • Plan design and redesign
  • Plan consulting
  • Plan administration and compliance
  • Nondiscrimination testing
  • Trust reconciliation
  • Government forms/5500s
  • Processing of participant claims for benefits
  • Audit assistance
  • Newsletters and other educational materials

CEFEX Certification and Due Diligence

Because one TPA firm is essentially performing the same tasks as another, plan sponsors can find it difficult to compare one TPA firm to another. Choosing the best TPA can be a daunting task. Motivated by a desire to differentiate itself from the competition, SI GROUP subjected its business practices and policies to a certification process sponsored by the American Society of Pension Professionals and Actuaries (ASPPA). Currently, there are fewer than 50 TPA firms in the United States that have achieved this certification, which is known as CEFEX.

ASPPA’s CEFEX certification program looks at a firm’s stability, its long-range and succession planning, and a total of 17 best practices which are intended to provide the foundation and framework for disciplined recordkeeping and administration processes. Thanks to the rigors of this process, a plan sponsor can confidently select a TPA holding CEFEX certification, knowing that senior management demonstrates expertise in the retirement industry, that the organization on the whole has the capacity to services its client base and that the work done is performed in a timely and accurate manner.

SI GROUP achieved its CEFEX certification in 2008. Additionally, the company undergoes an ASPPA-directed audit annually. SI GROUP has maintained the highest “AAA” rating from year to year.


Plan Administration

Compliance Testing

Testimonial from Chris Stroud, President of Simoneaux and Stroud Consulting Services and former President of ASPPA. He says, "SI GROUP's commitment to best practices and achievement of the ASPPA certification has earned the firm a place among the top-ranking retirement service providers in the country."