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
Winter Newsletter Sneak Peek In this edition, we discuss: Components of Defined Contribution Plan Compliance Testing Does My Plan Need an Audit? 401(k) deferrals: Don't exceed the limit! Reminder: Long-Term, Part-Time Employee Rules Effective January 1, 2024 Upcoming...
Fall Newsletter Sneak Peek In this edition, we discuss: Cost of Living Adjustments for 2024 Considering Changes to Your Business? Don't Forget About Your Plan! Good News on Catch-Up Contributions News Alert! Grace Periods Extended for EFAST2 Login Credentials Upcoming...
Summer Newsletter Sneak Peek In this edition, we discuss: Bonds: Is your plan covered? It doesn't hurt to double check! We're here for you! Are Changes Needed to the Plan? Upcoming Compliance Deadlines Click on the button below to read the entire article...