Intro
At The Pension Source, we concentrate solely on pensions. From our company’s inception, we have focused on doing one thing, and doing it right. We do not handle investments, insurance, or banking. In fact, we don’t offer any investment advice or sell any products. As a third party administrator, we are able to work freely with your CPA, Attorney or Financial Advisor without conflict of interest.

Benefits
Not only is a retirement plan one of the best tax shelters available, it is an excellent way of attracting and retaining employees. In today’s economic climate, attracting and retaining experienced and professional employees is paramount to every company’s success. In addition to positively impacting an organization’s financial strength, a well designed employee benefit plan fosters employees’ loyalty and motivation, while offering significant tax savings to the employer.

Fees
Like any professional accountant or investment advisor, we save you money by knowing our business inside and out. Fees are a function of the time and expertise required to create the plan that perfectly fits your unique situation. Our goal is to give you value beyond what you pay, and we encourage you to discuss our fee structure with us at any time. Rest assured that your affairs will be handled with strict confidentiality under the highest ethical standards of our profession.


Phase I — Feasibility Study

Assemble data concerning your company, employees, and existing pension programs
Analyze employee data to estimate costs under various pension plans
Design plan to meet specific goals for you and your company
Discuss recommendations with company officials and advisors

Phase II — Installation

Assist in the adoption of the plan, trust agreement and board resolutions
Prepare the plan and trust documents
Prepare and submit the plan to the IRS and Department of Labor, if desired.
Preparation of summary plan booklets to be used with an overall employee communication program
Conduct employee meetings, if desired to explain and answer questions relative to the plan.

Phase III — Annual Administration

Annual Analysis of the plan.
Analysis of current census data to determine eligible participants and calculations of new benefits based on the new data.
Analysis of the plan’s funding to determine if it is meeting the desired objectives
Analysis of the Actuarial Cost Calculations to determine that minimum funding standards are met
Preparation of the annual reports to substantiate the employer’s tax deductible contribution.
Preparation of the annual reports for the IRS (Form 5500 Series)
Annual Client Plan Valuation Reports
Advising of distributions in the event of death, terminations or retirement
Annual employee’s meeting