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| Plan
Design |
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| In designing a retirement
plan, your organization's primary objectives are taken into consideration
to tailor a qualified plan that includes all tax benefits and business
efficiency benefits. The design phase includes informal discussions
to identify specific needs and requirements, budgeting restraints,
and basic provisions. TPA Services, Inc. can customize a plan, using
prototypes we have developed for easier facilitation, or amend a pre-existing
plan. The following steps are taken in designing a Qualified Plan: |
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 Overview
of your organization's history, type of business,
management
objectives, personnel policies, employee termination
or turnover
experiences, and any human resource factors
that might affect
the plan; |
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Interpretation
of employee information (provided by your
organization)
to determine benefits and contributions under
different plan
strategies; |
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Review
of allocations using various formulas and benefit
projections
for defined contribution plans; |
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Determination
of government compliance of the plan (if
customized); |
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Design
of plan specifications such as eligibility, vesting options,
benefit
or allocation formula, retirement dates, and distribution
methods. |
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8301 E. Prentice Ave.,
Suite 408 · Greenwood Village, CO 80111
Phone: 303.693.4650Fax:
303.693.4910 |
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