The USI Consulting Group difference

USI Consulting Group (USICG) has been providing retirement plan consulting and benefits administration services to organizations and their employees for over 45 years. What makes us unique is our depth of invaluable resources singularly focused and dedicated to the retirement plan market. We deliver independent, comprehensive guidance and innovative, flexible retirement plan solutions to meet the changing needs of employers and their employees. We will be your trusted partner in helping you manage your fiduciary obligations, mitigate risk and stay compliant, with a deep commitment to client satisfaction and delivering superior results.

A customized approach

When you come to us, we don't start with a preconceived notion as to the right solutions. Instead, we work with you to develop a customized approach to meet the needs of your retirement program and your organization. We look at where you are now, as well as your long-term goals and examine how your retirement programs complement your business strategies and their impact on your employees.

We work with you, in a partnership, every step of the way to find cost-effective, practical solutions for your retirement and benefit issues. We analyze the problem, develop creative alternatives, explain them in language that is easy to understand and implement changes as quickly and painlessly as possible.

April was another positive month for the markets, as the consumer continued to hold up well despite relatively high inflation and rising interest rates. In addition, April ended with more banking drama, as regulators seized First Republic Bank and struck a deal to sell most of its operations to JPMorgan Chase & Company.

This month’s legal update is focused on the expanded plan eligibility rules for long-term part-time employees under the SECURE 2.0 Act of 2022 (“SECURE 2.0"). SECURE 2.0 revises the 401(k) eligibility requirements for certain long-term part-time employees (“LTPT”), as provided under the Setting Every Community up for Retirement Enhancement Act of 2019 (“SECURE Act”), by reducing the 3 consecutive year requirement to 2 consecutive years and by extending the LTPT coverage rules to 403(b) plans that are subject to ERISA, for plan years beginning after December 31, 2024. Section 457 plans are excluded from the LTPT rules.
Read the full April 2023 Market & Legal Update.