Defined Contribution Plans | Section 125 Cafeteria Plans | COBRA | HRA | HSA

Defined Contribution Plans:

A Qualified Retirement Plan is a Tax Shelter:

• The employer is allowed a current tax deduction for its contributions to the Plan on behalf of its' employees.
• The employees pay no tax on the money contributed on their behalf.
• Earnings from investments accumulate tax free.
• Distributions may be afforded favorable income tax treatment.

A Qualified Retirement Plan Boosts Morale:

• It attracts and retains qualified employees.
• It increases employees' incentives.
• It accumulates funds for retirement.

Our retirement plan services include recordkeeping, administration, and consulting for both balance forward and daily valued plans. We specialize in 401(k), Profit Sharing, Money Purchase, ESOP, and Cross Tested plan designs. Our comprehensive services include:

• Plan Design and Consulting including a Prototype Plan Document sponsored by McGregor & Associates, Inc.
• Employee Surveys and Plan Proposals
• Enrollment and Plan Implementation
• Annual/Semi-Annual/Quarterly Trust Accounting
• Annual/Semi-Annual/Quarterly Account Administration
• Annual Compliance Testing including ADP/ACP, 410(b), Top Heavy and 415
• Participant Statements
• Annual DOL Reporting (Treasury Department 5500 Series) and Preparation of Summary Annual Report
• Process Distributions
• Additional Plan Services including Plan Amendments, QDROs, Loan Processing, Hardship Withdrawals, and Plan Terminations