Our Services

We pride ourselves in our responsive personal service. Our attention to essential details is a critical component of the success of any plan we design or administer.

The right tax-qualified benefit plans help you…

Provide for future personal financial security
Improve your business's current tax situation
Defer and reduce personal taxes
Enhance employee morale, productivity, and retention

Profit Planners engineers solutions!

Whether your aim is to maximize your income at retirement, improve your current tax position, or attract and keep the best employees, the right tax-qualified benefit plans help you achieve your goals.

For over 50 years, Profit Planners has provided the expertise in plan selection, design, and administration enabling our clients to realize their management and budget objectives.

Plan Selection and Design —

Meeting your objectives begins with selecting the right plan or combination of plans. We’ll design one or more of the following plans to best fulfill your requirements:

Defined Benefit Pension Plan
401(k) Plan
Profit Sharing Plan
Selective Allocation Profit Sharing Plan
Section 125 Plan
Other Plans (contact us to discuss)

We’ll also review and, if necessary, amend and restate any existing plans to ensure the best match with your needs.

Plan Installation and Communications —

Careful attention needs to be given to preliminary documentation and to submission for Internal Revenue Service approval. Profit Planners is a word for word adopter of all types of plan documents which can be customized to your needs.

To succeed as employee relations instruments, benefit plans must be communicated. In addition to providing summary plan descriptions, we offer seminars to give employees a basic understanding of their plan and to answer questions regarding the plan.

Government Compliance —

Profit Planners has an outstanding government compliance record—from preparing and filing appropriate Internal Revenue Service returns and schedules, to studying the impact of emerging legislation and recommending strategies to improve your overall tax picture.

Administration and Reporting —

Defined Benefit Plans. Actuarial Valuations with individual participant benefit statements, government filings, and Federal Accounting Standards Board (FASB) Reports.

Defined Contribution Plans. Account Balance Reports, participant statements, and government filings.

401 (k) Plans. Allocation of participant/ matching funds and investment gains/ losses, discrimination testing, government filings, and quarterly or more frequent reporting, including individual participant statements.

Section 125 Cafeteria Plans. Monthly reimbursement processing, premium and flexible spending account status reports, and participant statements. Discrimination testing and government filings as required.

Terminations and Distributions —

Our services include the preparation of Pension Benefit Guaranty Corporation (PBGC) and Internal Revenue Service filings, employee notices, benefit calculations, and distribution letters.

Questions?

Ask away.

Just call or email us with any questions about our services or our industry in general.

Profit Planners LLC
tel 773 883 8700
fax 773 883 8790