Planning and Design
Our planning and design services include conferences and informal discussions with company management to identify specific retirement plan objectives, budgeting restraints and basic provisions. A properly designed plan should provide the company with all tax benefits and business efficiencies available from a qualified retirement plan.
After all relevant information is gathered and assessed, RSG experts can make recommendations for the design of a new plan or the redesign of an existing plan that is more carefully tailored to each clients needs.
Our planning and design services include conferences and informal discussions with company management to identify specific retirement plan objectives, budgeting restraints and basic provisions. A properly designed plan should provide the company with all tax benefits and business efficiencies available from a qualified retirement plan.
After all relevant information is gathered and assessed, RSG experts can make recommendations for the design of a new plan or the redesign of an existing plan that is more carefully tailored to each clients needs.
We are committed to providing the highest levels of service to our clients.
During the consultation and design phase, RSG employs a comprehensive approach to ensure the proposed plan will meet a company’s goals; this process includes the following:
Review the company’s history, nature of business, management objectives, profitability trends, personnel policies and employee turnover.
Analysis of employee and compensation data to estimate benefits and contributions under various plan formulas.
Testing of allocations under various formulas and projections of benefits for defined contribution plans.
Preliminary testing to determine governmental compliance.
Development of plan design specifications, including such factors as eligibility, vesting, benefit and/or allocation formula, retirement dates and distribution methods.
Preparation of a clear and concise report for company management, outlining the recommended plan, contribution and/or benefit amounts.
