Retirement Plan Administration & Consulting Resources

EisnerAmper retirement plan consultants work with business owners and employers to reduce their current taxes, increase their retirement savings and attract and retain their employees. Below are resources that can help guide your company throughout the process.

Third Party Administration

With a flexible service model and efficient processes, our team provides annual plan administration services to over 500 plans.

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Retirement Benefit Plan Options

Choosing the right retirement plan can make a big impact on your company and your employees.

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Cash Balance Plans

Do you want to increase current tax deductions and accelerate retirement savings? A Cash Balance Plan may be right for you

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Cash Balance Plan FAQs

It's important for business owners to understand the ins and outs of Cash Balance Plans. Here are answers to some common questions.

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EisnerAmper Retirement Benefit Plan Options

What plan is right for you?

The chart below outlines the basic features of available plan options. Sometimes the optimal solution requires a combination of plans. Our Retirement Plan Consulting Group can review your situation and recommend the right plan design for your company.

PLAN OPTION	CONTRIBUTION LIMITS	ADVANTAGES	IDEAL PLAN SPONSOR
SIMPLIFIED EMPLOYEE PENSION (SEP)	$66,000 individual limit 25% deduction limit on employer contributions	Little or no annual administration cost Can exclude employees under age 21, or less than 3 years of service in the last 5 years Can be established after the end of the plan year, up to the tax filing deadline of the employer	Small businesses with few employees Owners who are comfortable allocating the same percentage of pay to all eligible participants
SIMPLE PLAN	$15,500 employee deferral limit with $3,500 catch up for participants over age 50 Required employer match of 3% or 2% nonelective contribution to all eligible employees	Little or no annual administration costs	Small businesses with fewer than 100 employees that want to offer an elective deferral plan to employees
PROFIT SHARING PLAN	$66,000 individual limit 25% deduction limit on employer contributions	Discretionary contributions Vesting permitted Flexibility in allocation formulas to benefit key employees and/or owners Can exclude employees who work limited hours, are under age 21, or have less than 2 years of service	Companies with fluctuating income that want to make discretionary contributions Companies concerned about the high administration costs with a 401(k) plan
401(k) PROFIT SHARING PLAN	Employee deferrals permitted up to $22,500/$30,000 for those over age 50 Total contributions of $66,000/ $73,500 per employee 25% deduction limit on all contributions • Discretionary matching and profit sharing contributions	Elective deferrals can be either pre-tax or Roth Flexibility in allocation formulas to benefit key employees and/or owners Vesting permitted on all employer contributions Can exclude employees who work limited hours, are under age 21, or have less than one year of service	Companies who have a desire to offer a retirement saving option that includes employee deferrals
SAFE HARBOR 401(k) PROFIT SHARING PLAN	Same as 401(k) profit sharing plan Required employer contribution that can be either a match or nonelective	No nondiscrimination testing on 401(k) deferrals, which allows highly compensated employees to maximize salary deferrals Elective deferrals can be either pre-tax or Roth Vesting permitted on discretionary employer contributions	Companies with a group of highly compensated employees or owners that want to maximize deferrals Plans with low participation rates among employees
CASH BALANCE PLAN	Employee limit is amount needed to fund $265,000 annuity beginning at retirement Employer deduction is the amount needed to fund the plan, or 31% of aggregate compensation if paired with a profit sharing plan	Ability to maximize contributions and tax deductions Vesting schedule permitted Can be sponsored by companies that also have a 401(k) profit sharing plan Can exclude employees who work limited hours, are under age 21, or have less than 2 years of service	Companies with high, steady earnings Owners and/or key employees who desire to contribute more than $66,000/$73,500 contribution plan limit

EisnerAmper Cash Balance Plans

Cash balance plans are a solution for business owners looking to maximize retirement savings. A cash balance plan is a type of defined benefit plan that offers many advantages to employers. The easily understood benefit formulas and flexible plan design make it an ideal retirement plan to attract and retain top talent.

Cash Balance Plans

Accelerate Savings, Maximize Tax Deductions
Cash Balance Plans are Ideal for Employers:
- With partners or owners who want to contribute more than $66,000 to a retirement account
- With owners approaching retirement who want to accelerate savings
- Who want to increase current tax deductions
- Who have steady cash flows

When the proper care is taken during the plan design process, a cash balance plan is easily manageable with a firm such as EisnerAmper to administer your plan.

Working closely with your office staff, our plan administrators will provide you with careful and consistent attention to detail to facilitate the smooth operation of your plan functions, including:

Plan design
Plan documentation assistance
Employee communication

Third Party Administration

Flexible Administration Models, Well-Crafted Designs

As a business owner, you are most likely looking for ways to accelerate retirement saving over the next several years. Consider the opportunities a well-crafted retirement plan can offer.

EisnerAmper designs retirement strategies aligned with your tax and savings goals. Using qualified plan design, and third-party administration expertise, we analyze the choices you have, focusing on least cost/highest savings potential options. Our technical administration and support services enhance smooth follow-through once your design is in place.

Choosing the Right Plan Options

Which of the following describe your retirement plan goals?

To increase my tax-deductible contributions
To reduce my current taxes
To accelerate my retirement savings
To retain my best employees
To attract talented people
Customized Plan Design

We take the time to understand your business and personal situation, based on employee demographics and salary mix.

Frequently, the optimal plan design blends multiple options to achieve tax and retirement savings goals. Listed below are some of the more popular plan options:

401(k) Plans
Cash Balance Plans
Profit Sharing Plans
Defined Benefit Plans
Third Party Administration

EisnerAmper specializes in third party administration.

Using a flexible service model and efficient processes, our team provides annual plan administration services to over 500 plans.

We Partner with Your Advisors

We work in close cooperation with your investment advisor, and others involved with the service of your plan, to streamline completion and delivery of your retirement plan.

Our Retirement Plan Consulting Philosophy

Our commitment to excellent client service is guaranteed by our service philosophy, that:

Your situation receives thoughtful consideration
Technical excellence is the backbone of our practice
Comprehensive Expertise

EisnerAmper comprises actuaries and retirement plan professionals. We understand the regulatory complexities governing retirement plans, and can support you through the entire process of plan design and ongoing administration.