Design Installation & Administration of Qualified Retirement Plans
Five-Part Approach Download brochure
Ensuring your retirement plan is efficiently executed.
Our Five-Part Approach to implementing a well-run retirement plan is what distinguishes Pension Services from the rest. Over the course of our long history in designing retirement plans, our Five-Part Approach has proven time and again that it is a reliable, effective means to providing your company with the finest service. All components are addressed individually by a Pension Services representative who specializes in their component of the Five-Part Approach, thereby ensuring the whole plan is executed most accurately and efficiently.
Plan Design and Documents
This includes properly executed plan and trust documents designed around the employer/plan sponsors' ideas for providing employees with retirement benefits. It may include only one plan or a combination of two or more plans .
A service provided by a firm specializing in the execution of the terms and conditions of a qualified retirement plan. The employer sponsor relies upon this service provider for their expertise in the area of compliance, non-discrimination testing, contributions, benefits calculations, and transactions involving trust assets.
Record-keeping and Reporting
This service keeps track of the plan assets and participant account balances, which is perhaps the most difficult, time consuming, and therefore, expensive aspect of maintaining a plan.
The plan determines what the allowable investments are and whether they are trustee or participant directed accounts. It is critical that the employer sponsor comply with ERISA-404(c) when participants direct their own accounts.
This includes explaining the plan to your employees, educating them regarding the decisions they must make (elective deferrals, investments choices, etc.) and providing continuing consulting services to the employees and their beneficiaries.
*Securities offered through *Advisory services offered through
Pension Services of Western New York, Inc.
950-A Union Road, Suite 31
West Seneca, NY 14224
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Copyright © 2007 Pension Services of Western New York. All rights reserved. Last modified: 10/11/2007 09:32:02.