TRADITIONAL 401(k) plan

A 401(k) is a type of workplace savings plan that allows employers and eligible employees to save and invest for retirement through payroll deductions.  Setting up and sponsoring a retirement plan is a valuable employee benefit and one that can be used to recruit, retain and reward your employees.

It is also a powerful savings plan for employers to optimize tax strategies, while saving for their own retirement future. 

 
A well-designed 401(k) can help to:

Attract, Reward and Retain Top Talent

Help Save For Your Own Retirement

Reduce Your

Corporate Taxes

Setting up a plan and what to expect 

TAX CREDIT FOR

3 YEARS

We start with a conversation to understand your ideal retirement plan and then, we work to create a custom plan design analysis that aligns with your business goals.

 

  • Discuss business goals for establishing retirement plan

  • Partner with retirement plan advisor 

  • Select a recordkeeper

  • Sign setup documents 

    – Plan document
    – Service Agreements
    – Recordkeeper documents


After the initial setup documents are complete, we host an onboarding conference call to clearly identify a timeline for setting up your plan and to answer any questions.  

 

For new plans, the process takes 4-6 weeks from the initial conversation to having a fully setup and operational retirement plan.    

For your on-going experience, Premier Plan Consultants will provide consistent support and assist in completing annual requirements: 

  • Partner with you to offer a powerful company benefit

  • Be a reliable resource for your questions

  • Review and monitor your retirement plan to ensure it is meeting your needs as best as possible 

  • Discuss your current plan design

  • Recommend updates and changes as company goals and/or demographics change 

  • Review trust assets to ensure all assets are accounted for and in the correct accounts

  • File the required Form 5500​

  • Complete compliance testing requirements

On-going Experience

Today, businesses of any size can easily establish a 401(k) plan that is reasonably priced, simple to implement and requires little time to administer. Offering a 401(k) plan not only helps your employees, but also helps your firm be more competitive in the marketplace.

Contact us today for your custom Plan Design Analysis!

(858) 257 - 3555

tom burns 

san diego

TPA

Third party administrator 

pension

401k

401(k)

retirement plan

retirement planning

form 5500

administration