Plan Design & Restatement

The 2 main services we provide, related to your qualified retirement plan document:   

1. Plan Document Design or Re-statement
2. Operational Compliance

These services are provided through close working relationships with our Third-Party Administrators (TPAs).

Some Plan Design reminders for high-functioning plans:

• Plan design is often outgrown & never reviewed.
• What you name your plan is much more important than most realize.
• The most common fiduciary breach, in the small to mid-sized market, is operational compliance. 
• Employer Contributions are an investment in your business & employee’s lives. The 10:1 rule.
• If one objective is to benefit key employees, leveraged allocation formulas should be used & often are not.
• Plan design provisions can create some of the most effective ways to simplify administration & avoid wasting money
• “Permitted Disparity” is often overlooked.
• Safe Harbor design and Auto Features are a trend & have a place.

Some plan-related services we provide in partnership with our TPAs:

• Plan design & administrative consulting
• Summary Plan Description preparation
• File all IRS & DOL reporting forms
• Compliance testing – ADP/ACP, Top-heavy, coverage, etc.
• On-going recommendations and updates based on legislative changes
• Reconcile all employee and employer contributions
• Assist with third party or IRS audits