Putting in place and running a pension plan is not rocket science. Yes, you need to follow the rules put in place by the IRS, that goes without saying. But in the end if you do take the step and start a pension you will have saved for your retirement and quite possibly helped others do the same. Take advantage of this opportunity if you can.
The rules governing pension plans change all the time. Limits changed from year to year, plan documents require amendments or a full restatement. Below might be exactly what you are looking for.
The rules governing pension plans change all the time. Limits changed from year to year, plan documents require amendments or a full restatement. Below might be exactly what you are looking for.
Services
PATA is a pension TPA (Third Party Administrator) that performs all of the annual duties associated with a retirement plan. PATA works with individuals, financial advisors, CPAs and attorneys assisting in establishing and maintaining pension plans. Using state of the art administration software PATA establishes retirement plans by providing and completing an IRS approved qualified retirement plan document on your behalf.
It is a requirement under ERISA that pension plans that have participants other than the owners be covered by an ERISA Bond. The amount of the bond must be equal to or greater than 10% of the value of the plan's assets as of the beginning of the plan year. Below are the rules taken straight from the Department of Labor's (DOL) webpage.
Reviews
Be the first to review Pension Administration.
Write a Review
