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Services
Some
business owners wonder whether it's really necessary to
 hire
a pension administration firm to provide annual services for
their qualified retirement plan. Perhaps you may feel that
your accountant (or other advisor)
or even your own company would be capable of handling your
plan's administration tasks. While it may seem like a fairly
simple process, in reality, the administration of a
qualified retirement plan is a complex procedure, which
requires the type of technical expertise that
Osborne
& Nelson, Inc. provides its clients.
Here are a few questions, which must be
addressed to effectively administer a qualified retirement
plan. Which can you answe r?
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Does my plan meet the
current coverage and non discrimination tests?
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Is my plan "top heavy"
and does it comply with all of the top-heavy requirements?
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Is my company a member
of a "controlled group"? |
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What special rules
govern such groups? |
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Are benefits under my
plan in excess of the legal limits? |
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How are these limits
computed? |
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Do current participant
loans comply with existing rules? |
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What paperwork is
necessary to initiate a loan from the plan? |
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If my plan is a 401(k)
plan, does it pass the ADP and ACP non-discrimination
tests? |
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What information does
the law require that I provide to all participants
annually? |
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When plan participants
retire or terminate employment, when are they entitled to
a distribution? |
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Am I familiar with the
withholding rules? |
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Does my plan contain
joint and survivor annuity rules and what must I do to
comply? |
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Do I know how to
compute the maximum deductible contribution to my
company's plan? |
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What if I have more
than one plan? |
Even if you do know the answers to
these questions what will you do when Congress or the IRS
decides to change the rules? Where will you go for answers
and will they be right? Failure to adhere to the regulations
governing retirement plans may result in plan
disqualification!
We have the experience and expertise to
properly administer your qualified plan. |
3012 McHenry Ave., Suite E Modesto, CA 95350
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We specialize in
the challenges faced by hardworking, successful
business owners, professionals, executives and retirees
- most of whom are responsible, respected leaders in
their industries, professions and communities. As
specialists, we have developed a thorough understanding
of the unique problems that confront our clients. And
that translates into an ability to obtain measurable
and meaningful results for you. |
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Client's goals are often complex with many
considerations involving laws, tax regulations and
conflicting desires among the parties concerned.
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