REQUEST FOR PROPOSAL AND ADDITIONAL INFORMATION
We will work with your Broker, Financial Advisor, Accountant or Insurance Provider to develop and maintain a retirement plan that meets your needs.
You can talk to Benefit Advisers Group about preparing a proposal to determine the best allocation to meet your retirement plan objectives. We have provided a census file. With your census data and objectives we will be able to craft an allocation design that meets your needs.
Request for proposal: (If you have your own census listing, we can work with that also). We have provided two formats for you.
Census File : pdf version
Census File : Excel version
When you are ready for us to prepare your proposal, you can load your file through our secure file transfer below - no login necessary.
We will contact you when we receive the completed census form to discuss objectives.
If you would like to discuss a design, please contact David directly by email or phone at 847.745.8310.
Pre-approved Document Restatements
Are you or your clients considering terminating the Employee Retirement
Plan because the restatement fee is too high? Why give up retirement
savings for yourself, the benefits to your key employees and staff?
We provide complete implementation services and coordination. We will walk you through the process.
EMPLOYEE BENEFIT PLAN TYPES
Defined Benefit (DB)
Designed to provide participants with a specific benefit at Normal Retirement Age. In almost all cases, there is a contribution obligation that must be met every year. Requires the employer to have a relatively steady cash flow year over year to satisfy the contribution obligation. The employer is obligated to fund the contribution.
Defined Contribution (DC)
Contribution based design that does not provide a formula driven benefit at Normal Retirement Age. Account Balance at retirement provides the participant their benefit. Can be funded by both employer and employee contributions.
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There can be variations with each type and design combinations for both types.