Actuarial Business Solutions

Key facts, such as:
-Business structure
-Business owner(s)
-Nature of business
-Taxes and cash flow
-Related businesses
-Existing plan(s)
-Fiscal/calendar year

Your goals will define the basic type of plan best suited to you and your business. How you rank them is also of great importance. Goals may include:
· maximize deductible contributions
· pass on pension assets to next generation of employees
· concentrate retirement benefits on business owners
· attract and retain quality personnel
· focus on rank-and-file employees
· maximizing the deductible contribution
· discretionary contributions
· help with business succession planning
· protect benefits for older participants

ABS incorporates the special tax, legal and accounting knowledge of the sponsor’s financial advisors into the plan design process. At the same time, ABS can show how plan features can be made to augment the objectives that these advisors have been tasked to protect and maximize. Accurate communication is achieved and misunderstanding is avoided.

Employee demographics are a key determinant of the shape a pension plan will take.
They include:
· employee name
· date of birth
· date of hire
· annual compensation for last full year
· total yearly hours worked

We would like to prepare a preliminary proposal for you at no charge. It conveys the essence of our recommendation and will give you an idea of how the plan might work over time. This information is in sufficient detail to allow you to judge whether there is a fit between your organization and the kind of plan we suggest.

If you decide to take the next step, ABS will perform the more detailed data gathering necessary to generate an implementable plan, consistent with the laws that governs its provisions. For this consultatie process ABS charges a fee that varies with the complexity of the plan in question. Contact ABS for a full schedule of fees.

Selecting, customizing and implementing a plan can be a complex process.

Our professional staff will guide you through each step of the design process, ensuring that you meet your retirement goals.

With your goals uppermost in mind, our consultants will evaluate your circumstances, your employee mix and the thoughts of your advisors to arrive at a recommendation of the kind of plan that best fits your company.

The final step in the process is the adoption of a pension document that reflects your choice of plan. Fees for pension documents range from $1,600 to $3,500. Contact ABS for a full schedule of fees.