DOCUMENT DESIGN, DRAFTING AND IMPLEMENTATION

Benefit Advisers Group will work with you to determine the plan features that meet your employee retirement plan needs.  As your business evolves, changes or the employee demographics change so may your plan design needs change.  This is why we reevaluate the provisions of your plan on a regular basis.

We can structure the allocation to maximize the contributions to key employees or structure plan eligibility to include all of your employees for the Salary Reduction feature but limit employer contributions to employee with longer service.  We do not charge a fee for our 401(k)/Profit Sharing Plan Document.

Document Design

• Customize your employee retirement benefits
• 401(k), Safe Harbor, Profit Sharing, Matching
• Class allocated age based contributions
• Employee eligibility
• Vesting of employer contributions

Summary Plan Description

• Must be provided to all plan participants
• Plain language description of plan provisions

Plan Amendments

• Add or remove plan provisions to the plan as your needs change
• Periodically required by Law

Summary of Material Modifications

• Supplement to Summary Plan Description
• Participants Notice of plan amendments

If your plan slips out of compliance we provide services that help bring it back into compliance.  These are the government correction programs available.

Employee Plan Compliance Resolution System (EPCRS)

• Self-correction (SCP)
• Voluntary Compliance (VCP)
• Audit Closing Agreement Program (CAP) 

Delinquent Filers Voluntary Compliance (DFVC) Program

• Compliance with annual reporting requirements
• Late 5500 filings