Founded in 1973, EIP was one of the first regional firms established for the purpose of providing third party administrative services for qualified retirement plans. We are a full-service resource, providing design, installation and administration of retirement plans for businesses throughout the region.
Our clients represent virtually every business sector and every size company. To accommodate this diversity, we administer every type of qualified plan. Our philosophy has always been to focus on what we do best, plan design and administration, and let the investment professionals focus on managing the assets.
Our clients represent virtually every business sector and every size company. To accommodate this diversity, we administer every type of qualified plan. Our philosophy has always been to focus on what we do best, plan design and administration, and let the investment professionals focus on managing the assets.
Services
EIP began with the mission that still guides the company today: to combine unequaled expertise with personal attention. In pursuit of that mission, our emphasis on customer satisfaction has earned us long-standing relationships with our clients. We still serve the very first client we acquired. From EIP's inception, qualified plans have been our only focus.
There are many different types of retirement plans. We invest the time to determine which type of plan best meets the objectives for our clients, and then we design a customized plan to achieve those objectives. After discussing your objectives, we determine the appropriate type of plan for your company, then we draft the documents, prepare the adoption agreement and trust forms, and obtain IRS approval.
EIP provides a complete package of administrative services, including amendments, operational compliance, and preparation of all required government reports. Once the plan has been adopted, EIP will perform all of the necessary annual administrative services required to keep your plan running smoothly.
All of our plans permit unlimited investment options. We believe in the "unbundled" retirement plan approach. As a result, we can work with any investment professional as well as any investment platform. We have strong relationships with many of the top 401(k) investment providers, including American Funds, DailyAccess, Empower, John Hancock, Lincoln, MassMutual, Nationwide, OneAmerica, The Principal Financial Group, Transamerica, and Voya.
As the IRS makes changes to the annual qualified retirement plan limits and maximum contributions, EIP will keep you informed and help you determine if your plan still meets your objectives. Below are some of the current plan limits, as well as the numbers for the prior two years.
The Max Defined Contribution is the maximum annual contribution amount that can be made to a participant's account in a defined contribution plan such as a 401(k) plan or a profit sharing plan (Internal Revenue Code section 415).The Max Defined Benefit is the maximum annual benefit that can be paid to a participant in a defined benefit pension plan (IRC section 415).
The Max Defined Contribution is the maximum annual contribution amount that can be made to a participant's account in a defined contribution plan such as a 401(k) plan or a profit sharing plan (Internal Revenue Code section 415).The Max Defined Benefit is the maximum annual benefit that can be paid to a participant in a defined benefit pension plan (IRC section 415).
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