Use our sales desk expertise: 866-269- 2706 – Our sales team offers “concierge” services – answering all your questions and even directing you to another TPA if our plans are not the right fit.
Allow us to set up a conference call including the business owner, financial advisor and CPA to make sure we design the best plan for the business.
Take advantage of our quick turnaround time – we’ll have our two-page adoption agreement and other documents in your hands within ten business days
Ongoing Administration Services
Our goal is to keep your plan working well for you and your business and in compliance with all IRS regulations. These services are provided for plan sponsors, participants and their advisors ongoing:
Every business owner and Financial Advisor will have a dedicated plan consultant who is familiar with the plan and the business situation. The consultant will inform clients and their advisors of issues that affect the plan and provide periodic updates once the plan is established.
Both advisor and client will be informed of legal changes regarding plans
We will work with you throughout the year to gather up-to- date information, answer your questions, run contribution scenarios, and consult on changing your plan to fit your needs.
IRS Form 5500 will be completed, as required each year.
Annual contributions will be calculated and communicated.
We will prepare other forms as needed – participant distributions, loans, and hardship distributions
Closing a Plan
Business owners may decide to terminate their plans due to a change in the business financial situation, upon sale of the business or at retirement, or because the plan has been fully funded.
The termination process begins with a conversation between client and their consultant. Depending on the situation and time of year, the consultant might recommend another course of action such as amending or freezing the plan.
Once the course of action has been agreed to and the client has submitted a request in writing, Dedicated DB will calculate the final contributions if any, and assets to be distributed.
In most cases, plan assets will be rolled into an IRA where they continue to grow tax deferred until withdrawn.
Run our instant do-it-yourself defined benefit calculator to see how much you or your client could save on taxes and add to retirement