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
Winter 2023: SECURE 2.0 is a GO
Winter Newsletter Sneak Peek In this edition, we discuss SECURE 2.0 (both current and future changes), Year-End Data Requests, and Compliance Deadlines. Click on the button below to read the entire article...
Fall 2022: Cost of Living Adjustments for 2023
Fall Newsletter Sneak Peek In this edition, we discuss the new IRS Cost of Living Adjustments for 2023, proper plan record storage, new plan year checklist, deadline extension for the CARES Act and SECURE Act Amendments, and important 2022 deadlines. Click on the...
Summer 2022: Form 5500 Insights
Summer Newsletter Sneak Peek In this edition, we discuss Form 5500 insights, the new IRS pre-examination compliance program announced in June, and upcoming compliance deadlines. Click on the button below to read the entire article...