Don’t Let Your Retirement Plan Suffer from HR Overload

Today’s HR departments are juggling more than ever. Recruiting, retention, workplace culture, and compliance are all competing priorities, and with limited resources, something often has to give. Unfortunately, retirement plan compliance is one of the areas most at risk of slipping through the cracks.

Since COVID, HR professionals have been asked to wear more hats while managing leaner teams. Benefit plan compliance, already complex and constantly evolving, can easily get pushed to the back burner until an issue arises. When compliance is reactive rather than proactive, it creates stress for both the HR team and the organization.

When retirement plan compliance isn’t front and center, mistakes can multiply. Contributions may be submitted late or inaccurately without employees even realizing it, leading to the potential for prohibited transactions. Participant communications, essential for keeping employees informed about their benefits, may be overlooked or delayed. Operational errors, even small ones, can compound over time and create major challenges. And with regulatory updates like SECURE 2.0 reshaping requirements, staying current and compliant can feel overwhelming without dedicated support.

The consequences of missed compliance are real. Employers may face fines and penalties that drain resources, along with fiduciary liability that exposes leadership to personal risk. Employees may lose trust in the organization, leading to dissatisfaction and turnover. In short, what seems like a back-office detail can have ripple effects that impact an organization’s financial stability and talent strategy.

This is where expert guidance makes all the difference. CSH’s employee benefit plan (EBP) and qualified plan consulting teams serve as an extension of your HR function, providing the specialized support needed to manage compliance effectively. We help identify weaknesses in your processes before they become costly problems.

Our team delivers expert guidance and practical tools to boost confidence for those responsible for plan oversight. When corrections are necessary or audit preparation is on the horizon, we guide you step by step. And for day-to-day plan administration, we simplify the complexities so your HR team can stay focused on broader strategic goals.

A well-managed retirement plan doesn’t just check a compliance box—it strengthens your entire organization. It helps HR achieve its top priorities: attracting and retaining talent, minimizing risk, and improving employee satisfaction. With CSH by your side, your HR team gains a trusted partner who understands the intricacies of retirement plan compliance and offers the depth of expertise to keep you on track.

Let your HR team focus on the big picture. CSH will help you protect your retirement plan, manage compliance with confidence, and create a stronger foundation for your people and your business.