Review and Redesign 401(k) Plan
Are you happy with your existing 401(k) plan?
Let us review the plan to see if it can be improved upon.
We’ll need the following information:
- Employee Census
- A copy of the current plan’s Adoption Agreement.
- A copy of the most recent Allocation Report.
- A copy of the Summary Plan Description (SPD), if available.
Simply send these four items to us and we will review, evaluate your situation, and, if possible, redesign a plan that better suits your needs.
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
Summer 2021: Missing Participants: Ready or Not, Here I Come!
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 2021: Retirement Planning is a Team Sport
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...
Winter 2021: The MEP/PEP Debate: Are We Better Together?
Winter Newsletter Sneak Peek In this edition, we explore multiple employer plans, relief provided under the most recent federal stimulus bill, and proper handling of salary deferral contributions, including DOL COVID-19 relief. Click on the button below to read the...