Implement a Plan
It’s simple to have an illustration prepared. Here’s how it works:
The client downloads, completes and signs the 3 pdf forms below. Signs pages 3 and 4 of the pension illustration you wish to implement. Mail the documents to us with a credit card authorization or check in the amount provided in the fee schedule.
The installation forms will be drafted and sent via email to you and the client.
Schedule a meeting with the client to review and sign the plan documents. Applications for the insurance component of the plan should also be taken at this time. Be sure to obtain the correct application packages prior to meeting with the client and bring applications for all participants in the plan.
Return the signed documents to PensionSpecialist.net along with copies of all insurance applications.
Defined Benefit Plans
A pension plan that provides for retirement income that is stated as a percentage of one’s annual earned income.
401(k) plans are salary deferral plans. Employees may have a maximum amount deducted from salary and deposited to their account.
Profit Sharing Plan
A Profit Sharing Plan is an employer sponsored retirement plan in which the contributions are made solely by the employer.
Cash Balance Pension Plans
A cash balance plan is a defined benefit plan that defines the benefit in terms that are more characteristic of a defined contribution plan.
Let’s talk about your retirement plans
The Latest Pension News
Fall Newsletter Sneak Peek In this edition, we discuss retirement plan distribution fraud and the new contribution limits for 2022. Click on the button below to read the entire article...
Summer Newsletter Sneak Peek In this edition, we explore missing participants in retirement plans, the benefits of safe harbor plans, and provide an overview of cash balance plans. Click on the button below to read the entire article...
Spring Newsletter Sneak Peek In this edition, we explore the various players involved with retirement plan administration, mergers and acquisitions and their effect on retirement plans, and the newly issued guidance from the DOL on cybersecurity. Click on the button...