PBTK provides pension plan consulting including pension plan design, compliance testing, and plan administration.

At PBTK, we have found that pension plan consulting and plan design/administrative advice is more effective when not bundled with record keeping at one financial institution.  CPAs know their clients better than third party administrators (TPAs) because we see a larger picture.  TPAs generally do an adequate job of keeping the books, but frequently fail to provide timely plan design and compliance advice.  The combination of a CPA working with a pension plan consultant provides the most effective results for companies and individuals seeking guidance on their retirement plans.

With more than 25 years of experience, PBTK Principal Jay Beltz designs, administers and proactively consults on tax-qualified retirement programs like defined benefit plans and Section 401(k) plans.  He works primarily with high net-worth individuals, professional firms, medical groups, construction companies, gaming/hospitality organizations and other CPA firms and their clients. However, no successful organization is too small to consider adopting such a program.

The types of plans PBTK offers and administers include:

Defined contribution plans:

• Traditional profit sharing
• Money purchase
• 401(k) - with or without Roth provisions
• Safe harbor 401(k)
• New comparability or cross-tested
• ESOPs

Defined benefit plans:

• Traditional defined benefit pension
• Cash balance defined benefit pension

Typical annual plan administration services:

• Determining eligibility
• Determining highly compensated employees
• Determining key employees
• Determination of top-heavy status
• ADP/ACP non-discrimination testing
• Allocating employer and employee contributions
• Allocating earnings and forfeitures
• Plan asset reconciliation
• Preparation of comprehensive plan level reports
• Preparing participant statements
• Vesting calculations
• Preparing annual Form 5500 and a summary annual report
• Fidelity bond review

Other related services include:

• Plan document preparation and compliance
• Plan loan documentation and administration
• Required plan audits for plans with more than 100 eligible participants

Call us at 702-384-1120 for more information.