Since 1992, Fortune Benefits Inc. has specialized in providing Qualified Plan Administration services to Sole Proprietor's, S Corporations, C Corporations, Partnerships, Limited Liability Corporations (LLC's), and Limited Liability Partnerships (LLP's). Our Firm can help you in the design and implementation of all Qualified Plans such as 401(k), Defined Benefit, Profit Sharing, ESOP's, Cash Balance, Target Benefit and Money Purchase Plans.
With a keen interest in helping all Americans save for retirement, Fortune Benefits, Inc. is one of the pioneers in "Self-Directed 401(k) Plans". Since establishing one of the first 401(k) self-directed accounts in 1992, we have continued to help hundreds of Companies establish the same for their employees.
With a keen interest in helping all Americans save for retirement, Fortune Benefits, Inc. is one of the pioneers in "Self-Directed 401(k) Plans". Since establishing one of the first 401(k) self-directed accounts in 1992, we have continued to help hundreds of Companies establish the same for their employees.
Services
Our Firm provides comprehensive administration services to all of our Qualified Plans, which entail the design of Internal Revenue Service approved plan, the enrollment of employees into the Plan, the coordination of payroll and investment vehicles to be used as well as the ongoing support, such as the Valuations, Employee Certificates and Government Testing.
To show the power of investing money over time, please see these great online caluclators. See how contributions to your 401(k) plan can add up over time with the Kiplinger 401(k) Calculator. The Heritage Foundation Social Security Calculator enables you to calculate what an American worker of your same age and gender can expect to receive from Social Security.
A defined benefit plan promises a specified monthly benefit at retirement. The plan may state this promised benefit as an exact dollar amount, such as $100 per month at retirement. Or, more commonly, it may calculate a benefit through a plan formula that considers such factors as salary and service - for example, 1 percent of average salary for the last 5 years of employment for every year of service with an employer.
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