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retirement plan administration |
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| We are retirement plan specialists. We have earned our leadership status by providing well-run qualified retirement plans for a diverse client base. We begin this process with an important question: What is the purpose of your retirement plan? |
| Retirement Plan Objectives |
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We write our own documents, allowing us
to utilize the
entire tax code for your benefit. |
- Maximize tax benefits for the company
while minimizing tax burdens
- Retention of valued employees through equity building in a pool of invested capital
- Provide a deferred reward for superior employee performance
- Identify employee groups who benefit
from plan goals
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The best retirement plans meet all of these objectives—a daunting task in the face of market factors and shifting government regulations. We listen to your corporate and personal goals, and take an "objective-based" approach to plan design. Working as a trusted ally, we help you prioritize your wants and needs. Never content to work with pre-written forms, we write our own documents allowing us to utilize the entire tax code for your benefit. This results in a customized plan that truly achieves your goals. Our relationship-driven and "objective based" methodology enhances the success and retirement security of Howard Simon & Associates clients—from small business owners to large corporations. Top management in diverse industries trusts Howard Simon & Associates because our sole focus is the creation and administration of high-performance qualified retirement programs that accomplish and exceed corporate objectives. |
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At Howard Simon & Associates we customize more than the retirement plans we design or amend. We tailor each aspect of our administrative capabilities to your needs. Whether you require a fully outsourced solution or an expert extension of your existing team you can rely on our seasoned professionals. Are you combining our services with existing legal, financial, or other consultants?
We integrate seamlessly to make their jobs easier-always keeping your goals clearly in focus.
Day-to-day, week-to-week or annually, the administration of a retirement plan is complex and can overwhelm even an experienced HR manager. Our team-based structure enables us to work closely as a partner, delivering the highest level of personal performance for enhanced convenience, complete accountability, reliability and documentation. Direct dial extensions ensure that support is always at your staff's fingertips. The comprehensive administration services, documentation and disclosure paperwork we provide include, but are not limited to:
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- Annual actuarial valuations
- Consulting and design services
- Preparation of Form 5500 year-end
tax statements
- Summary annual reports required
for plan participants
- Individual participant statements
- Individual notices
- Reporting to the Department of Labor
- Benefit determination on occurrence
of distributions
- Distribution statements and disclosures
- Plan balance sheet and statement of
change in plan assets
- Statement of change in plan assets
- Specialized 401(k) discrimination testing
- Assistance with enrollment
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Even the perfect plan is useless if participants do not appreciate it. And no one can fully appreciate a plan they do not understand. At Howard Simon & Associates we are experts in promoting your plan through sound marketing and clear, effective
communications at every level-from administrators and employees to external consultants, including:
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- Coordinating open enrollment meetings
- Provide Plan Administration Guidebooks and educational materials for employees
- Plan highlights
- Comprehensive forms package
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Once you have defined your goals, how do you choose from the many plan options available? Your company's retirement plan options are primarily dictated by your business' size, tax structure, age of employees and by your benefit objectives. When designing the right plan for your needs, our experts never rely on a prototype document with pre-defined options. Instead, we utilize the full power of the entire tax code and make sure it works to your best possible advantage.
Our success in matching companies with the right plan is outstanding—and born of decades of experience. Whether you are considering changes to an existing plan or designing a new one we deliver proven track records with a wide range of plans for every type of business structure including Sole Proprietorships, Partnerships, Sub-chapter "S", C, Limited Liability Corporations (LLC) and Closely Held Corporations:
Defined Contribution
- 401(k) Plans
- Profit Sharing
- Age Weighted
- Cross Tested
- Safe Harbor 401(k)
- Employee Stock Ownership (ESOP)
Defined Benefit
- Cash Balance Plans
- Combined DB/DC
- Offset Plans
- 403(b)
- 457
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