Defined Benefit Plan Services provide a structured approach to retirement planning, ensuring participants receive a predetermined benefit upon retirement, based on factors such as salary history and years of service. These services include plan design, actuarial calculations, compliance monitoring, and ongoing administration to help organizations manage their obligations effectively. By offering a reliable income source, Defined Benefit Plans enhance employee satisfaction and retention, allowing companies to focus on their core operations while meeting their fiduciary responsibilities. Ultimately, these plans serve as a critical component of a comprehensive employee benefits strategy.
Defined Benefit Plan Services provide a structured approach to retirement planning, ensuring participants receive a predetermined benefit upon retirement, based on factors such as salary history and years of service. These services include plan design, actuarial calculations, compliance monitoring, and ongoing administration to help organizations manage their obligations effectively. By offering a reliable income source, Defined Benefit Plans enhance employee satisfaction and retention, allowing companies to focus on their core operations while meeting their fiduciary responsibilities. Ultimately, these plans serve as a critical component of a comprehensive employee benefits strategy.
Services Included for Defined Benefit Plan:
Initial Consultation
Preparation of Plan Document and Forms
Contribution Calculation for Plan
Preparation of Annual Actuarial Report
Trust Accounting Reconciliation
Annual Participant Statements
Summary Annual Report, if applicable
Signature ready Form 5500
Preparation of Schedule SB
