Steps for a Successful Transfer

Submit all of the documentation for your current 401(k) plan

Gather the following documents for your current plan and upload them to PensionSpecialist.net for review.

  • Plan Adoption Agreement with any amendments
  • Basic plan document
  • Latest discrimination testing
  • Latest participant statements with individual investment allocations
  • Latest IRS Favorable Determination Letter
  • Valuation for the most recent plan year end
  • Copy of Form 5500 and related schedules for the most recent plan year end
  • Completed Plan Takeover Questionnaire

01

Review new 401(k) Plan Provisions

Following our review of your current plan, a conference call will be scheduled. We will discuss any changes to the plan and agree on provisions for the new plan. At this time we will also explain the conversion process and the role you play – for document signature, notification of employees and notification of your previous 401(k) provider.

02

Sign new 401(k) Documents

New documents will be drafted and emailed to you for signature. Print, sign and return all of the signed plan documents and custodial agreements.

03

Required Notice

A TPA change letter to your previous 401(k) provider must be sent at the time of document signature. Our office will provide you with this letter.

04

View All of Our Services

Personalized Analysis

Let us help you find the perfect plan for your needs.

Review & Redesign Plan

Times change. A second opinion can help make sure your plan is still working as efficiently as possible.

Implement a Plan

Once you’re comfortable with our recommendations, we’ll move forward with putting the plan in place.

Plan Takeovers

Not satisfied with your current team? Interested in a more personalized, concierge-level service? Let us accommodate you.

Testimonials

Trusted by Our Clients

“Our CPA firm has been working with Bill Black and his team for over 20 years. Rarely do you find someone who can explain complex retirement plans in plain English and have an administrative team that knows how to execute compliance and timeliness as well as they do. We highly recommend his firm for all your qualified pension service needs. Great professional partner to have.”

Michelle H.CPA

“Having worked with Bill Black and his team for the last seven years, I confidently recommend them for their exceptional professionalism, extensive understanding and knowledge, and dedication to quality work. The team consistently delivers results quickly and accurately.”

Linda D.CPA

“Bill has been an advisor to me for almost 10 yrs and one of his greatest attributes is his availability and knowledge of tactics and plans to achieve our goals. He is an asset!”

V.S., M.D.Client

“Words cannot describe my appreciation for Bill, Julie and Kelly. Their professionalism, responsiveness, and knowledge in Pension Administration has been nothing less than outstanding. They handled launching my defined benefit and 401K program at my Medical group of 75 employees and 8 offices. Additionally, Bill's knowledge and experience in life insurance is very useful. They go above and beyond their services. I have recommended them to many of my friends who now utilize their services. On a personal note, Bill and Kelly make it a point to join me for breakfast and coffee any time I'm in Florida (usually at Disney World Hotels). Also, he flies out to meet me in Los Angeles at least once a year.”

Jamie L., D.O.Client

“Bill and his team have been beyond helpful for our company. They are always quick to respond to emails or calls and willing to help as long as it takes. Bill will always go the extra mile. We trust him and his team in doing what is best for our company.”

Jaime S.Client

“I love working with Bill and his team. Everyone in the office is great. They are quick to respond, so helpful, and very knowledgeable. They make me feel as though I’m their only client. I couldn’t imagine using any other firm.”

Cynthia M.Client

“Bill always gets back to us very quickly and thoroughly answers any questions we have. He also makes an attempt to meet us in person a couple times a year at the office for a review and to answer any employees' questions. Bill is a nice guy.”

Kevin L., Esq.Client

“Bill’s financial insights and uncanny ability to simplify and explain complex investment questions is truly remarkable.”

Don S.Client

“We highly recommend W.H. Black & Company! Bill, Julie, and the entire team have always provided excellent knowledge and customer service regarding the administration of our company’s 401K and profit-sharing plans. As a long-term client, we have always relied on them to expertly provide the information and direction we need, as well as the answers to any questions we have.”

Amber W.Client

“Bill and his team combine exceptional responsiveness with real financial impact, having saved my clients hundreds of thousands of dollars. What makes them stand out even more is their calm, composed approach and their commitment to educating clients every step of the way.”

Joey P.CPA
This testimonial is based upon an individual client experience and may not be representative of the experience of other customers and should not be considered a guarantee or indication of future performance or success.

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