Quorum Consulting Group

Quorum Consulting Group

  • About Us
  • Services
  • Who We Serve
  • Choosing Quorum
  • Contact
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The 2023 Plan Limits are...

401(k), Roth 401(k), 403(b) and 457 Contributions: $22,500
Catch Up Contributions: $7,500
Maximum Plan Contributions (Employee & Employer): $66,000
Annual Compensation Limit: $330,000
Highly Compensated Employee: $150,000

About Us

Quorum Consulting Group was established in September of 1994. As suggested by our name, Quorum, we are a group of professionals working toward one common consistent goal. That goal is to provide a high level of retirement plan expertise and outstanding customer service to our clients and their employees. Our partners and staff combined have over 100 years professional experience in the retirement plan industry. Our main focus is as a Third Party Administrator of Defined Contribution plans.

Quorum understands that our clients want to provide their employees with an opportunity to save for retirement but have minimal desire to navigate the IRS/DOL regulations that govern retirement plans. We want to shoulder those responsibilities and allow our clients to focus on their business, not their retirement plan.

Here are the steps we take to ensure your plan is a success:

  • Consult with you to design the best Plan to fit your organization’s needs.
  • Create your Plan document and participant literature.
  • Implement the Plan.
  • Provide Plan enrollment/education meetings.
  • Value your Plan (daily, quarterly or annually).
  • Perform all IRS/DOL compliance testing.
  • Provide ongoing customer service for participant requests.
  • Process all participant distributions, loans, contribution changes etc.
  • Provide and submit all Plan tax forms.
  • Provide ongoing plan amendments and restatements.

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Services

Design and Implementation of Retirement Plans

  • Consultation and Plan Design
  • Plan Document Preparation
  • Takeover of Existing

Third Party Administration and Recordkeeping of Retirement Plans

  • 401(k) - Profit Sharing Money Purchase
  • 403(b)
  • 457
  • Trustee Services

Employee/Participant Services

  • Enrollment Services
  • Plan Education
  • Participant Customer Service Center

Business Services

  • Accounting and Payroll Services
  • Tax Preparation and Filing (Business and Personal)
  • QuickBooks Implementation
  • General Business Consulting

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  • Corporations
  • Small Businesses
  • Sole Proprietors
  • Unions
  • Associations
  • Physician Groups

Who We Serve

Choosing Quorum

"To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity."
Douglas Adams

Commitment

Quorum is committed to excellence, intelligent planning, and focused effort. We believe a retirement plan should promote your organization's goals and foster retirement readiness for your employees. A well designed plan can help your organization attain both goals without sacrificing one for the other. Your retirement plan should make your employees believe that tomorrow will be better than today.

Service

Quorum embodies this philosophy and our clients can benefit from our outstanding service. We have a "do it now" philosophy for your participant's needs. Our goal for your plan is to make certain all your needs are met or exceeded.

Quality

The deciding factor on how our services are valued is based on our quality of work. We understand that you evaluate employee performance on an employee's quality of work and we hope that you will judge us on the same basis.

Adaptability

Not all organizations are alike and Quorum understands that. As a boutique firm we can adapt a retirement plan to meet your organization's requirements. We offer full service to limited service administration, bundled or unbundled investing and daily or annual valuation services. We adapt our products and services to benefit your retirement goals.


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Quorum Consulting Group

p: 217 793.7200
f: 217 793.7204
e: help@quorum401k.com
4440 Ash Grove Drive, Suite A
Springfield, Illinois 62711
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Copyright Quorum Consulting Group 2023.