Retirement plan design may vary dramatically based upon workforce demographics, tax objectives, owner's retirement requirements, and desired flexibility. We recognize the importance of tailoring retirement plans to the specific goals of the people the plan is meant to serve. More info here: Internal Revenue Service (IRS) rules require retirement plans to have a written plan document to formalize how the plan will operate.
By collaborating with Pinnacle Plan Design's highly-experienced team of actuaries, third-party administrators gain a significant competitive advantage. With Pinnacle as your actuarial back-office, you can enter and compete in the defined benefit plan space, including the rapidly growing cash balance arena.
By collaborating with Pinnacle Plan Design's highly-experienced team of actuaries, third-party administrators gain a significant competitive advantage. With Pinnacle as your actuarial back-office, you can enter and compete in the defined benefit plan space, including the rapidly growing cash balance arena.
Services
Pinnacle Plan Design is a third-party administrator (TPA) for employer-sponsored qualified retirement plans. We specialize in retirement plan design, administration and actuarial consulting. We are very proud of our CEFEX-ASPPA Certification. Pinnacle Plan Design has helped companies across the nation with their retirement plan needs, while providing the individual attention each company deserves.
Pinnacle Plan Design specializes in qualified retirement plan design, administration and consulting. We design and administer traditional defined benefit, cash balance, 401(k), profit sharing, and money purchase plans, as well as offer many other retirement plan services. We are recognized for our ability to maximize the value of your retirement plan with the proper customized plan design.
Retirement plan design may vary dramatically based upon workforce demographics, tax objectives, owner's retirement requirements, and desired flexibility. We recognize the importance of tailoring retirement plans to the specific goals of the people the plan is meant to serve. Our recognized technical expertise and individualized service will customize your retirement plan to suit your needs.
In a defined benefit plan, the plan formula defines the benefit that will be paid at retirement age (or earlier separation from employment). An actuary determines the amount that must be deposited into the plan on an annual basis to provide the benefits called for under the terms of the plan.
In addition to the benefits to be paid, the actuary takes into account an expected rate of return and other factors (e.g., mortality) when determining the required contribution each year.In an active plan, the investment results do not alter the benefit the employee receives, as the benefit the employee receives is determined solely by the benefit stated in the plan document.
In addition to the benefits to be paid, the actuary takes into account an expected rate of return and other factors (e.g., mortality) when determining the required contribution each year.In an active plan, the investment results do not alter the benefit the employee receives, as the benefit the employee receives is determined solely by the benefit stated in the plan document.
There are several types of defined contribution plans. First, a profit sharing plan is a retirement plan to which an employer makes contributions on behalf of all (or some subset) of the eligible employees. The contribution amounts are discretionary. The employer decides each year the amount, if any, to be contributed to the plan.
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