Once we understand the goals, we can then recommend the type of plan that will give the plan sponsor the best opportunity to achieve those goals. We show our clients the many available plan design options, complete with financial modeling, so they can determine whether the plan meets any budgetary constraints. Our Capabilities Include:

• Defined Contribution Plans: A defined contribution plan defines the contribution the company will make to the plan and how the contribution will be allocated among the eligible employees. Separate account balances are maintained for each employee. The employee’s account grows through employer contributions, investment earnings and, in some cases, forfeitures (amounts from the non-vested accounts of terminated participants). Some plans may also permit employees to make contributions on a before-and/or after-tax basis. Click here to read more…
• Defined Benefit Plans: Instead of accumulating contributions and earnings in an individual account like defined contribution plans (profit sharing, 401(k)), a defined benefit plan promises the employee a specific monthly benefit payable at the retirement age specified in the plan. Defined benefit plans are usually funded entirely by the employer. The employer is responsible for contributing enough funds to the plan to pay the promised benefits regardless of profits and earnings. Click here to read more…
• Non-Qualified Plans: Nonqualified plans have more flexible funding options, vesting requirements, distribution guidelines, and reporting requirements compared to the qualified plans above. They are not subject to the kind of testing and compliance requirements as qualified plans. These plans have special tax considerations determined by the investment vehicle you choose.