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.
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/Cash Balance Pension Plan
401(k) Plan
Profit Sharing 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/Cash Balance 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.
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.