Marina Wiley, Director, ERISA Services and cultivator of the firm’s QP Review® process, ensures that clients are compliant with the ERISA regulations governing retirement plans.
Filing a correction with the federal government when a plan is out of compliance can cost plan sponsors tens of thousands of dollars. And according to Marina Wiley, plan sponsors rarely deviate from ERISA regulations intentionally. The rules and regulations that affect retirement plans change often; compliance requires in-depth research and constant vigilance. For many, day-to-day duties overshadow the complexities of acting as a plan sponsor. An experienced, insightful ERISA consultant is essential for anyone with fiduciary responsibility.
There is no regulation saying that you have to offer your employees a retirement plan. But, once you make the decision to offer that great benefit, you have a laundry list of regulations and compliance pieces that you have to adhere to. We are here to help clients make sure that their retirement plan is a benefit, not a burden.
Marina and her team work to keep clients in compliance with constantly changing DOL and IRS regulations. They condense an astonishing amount of research into a succinct summary so that clients can make informed decisions regarding their retirement plan quickly and return to their other work.
The firm’s QP Review process adds structure to annual plan reviews. To limit client risk, Marina leads her team to update the proprietary series of review questions to reflect each new ERISA regulation. Additionally, Pension Consultants’ ERISA Services team monitors the court system to better understand issues that may be boons or pitfalls to clients’ plans in the future.
Education, Designations and Experience
- Qualified Pension Administrator
- Bachelor of Science, Business Administration, University of California – Stanislaus
- Member of the American Society of Pension Professionals & Actuaries
- Former Director of Retirement Plans for Fidelity National Financial, Inc., a
Fortune 200 Company - Honored as Most Successful Retirement Plan Adviser Recipient by PLANADVISER
Outside Interests
Aside from her work at Pension Consultants, Marina is proud to be an active member of H.O.P.E. (Helping Overcome Pediatric Emergencies) Sertoma, even serving as board president of the organization.
What drives you to do what you do?
“As basic as it sounds, it’s always very rewarding to teach someone something they really need to understand. Because we are a consulting firm, we give people everything they need to make an informed decision, then implement and maintain it for them to ensure ERISA compliance activity is documented appropriately.”
