Implement a Plan
It’s simple to have an illustration prepared. Here’s how it works:
Step One
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.
Step Two
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.
Step Three
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
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 2025: Keep on Talkin’
Winter Newsletter Sneak Peek In this edition, we discuss: Keep On Talkin' Lost but Not Forgotten Which Bond is Best? Upcoming Compliance Deadlines Click on the button below to read the entire article...
Spring 2024: Is Automatic Enrollment Required for Your Plan?
Spring Newsletter Sneak Peek In this edition, we discuss: Is Automatic Enrollment Required for Your Plan? A Refresher on RMDs New Questions on the 2023 Form 5500 Upcoming Compliance Deadlines Click on the button below to read the entire article...
Winter 2024: Components of Defined Contribution Plan Compliance Testing
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...