Retirement Plan Design Services

Retirement Plan Design, Implementation & Administration


YOU   have come to the right place, if:,

YOU   are a small business owner looking to establish a new retirement plan?
YOU   need to accumulate significant retirement assets in a short period of time.
YOU   are looking to improve the efficiency of your plan design and reduce costs.
YOU   are looking to improve plan's participant services and investment* choices?
YOU   want to put away more each year than the amount per individual limited or  
          permitted by most qualified retirement plans.

Whether you're looking to establish a new retirement plan or get a second opinion regarding your current plan, we can assist you!

Through National Retirement Plan Advisors, Inc., an affiliate of National Life Insurance Company, we're able to assist our clients with retirement plan services from plan design & implementation to administration & annual review.


Experience and Stability

Since 1939, National Life and has guided clients safely through some turbulent tax environments.  Changes in the tax codes in recent years have taught us much.  Sixty-five years of expertise back our commitment to quality retirement plan service.

Today, National Retirement Plan Advisors is uniquely qualified to provide essential services in a changing regulatory environment.  The people who design and administer our retirement plans take pride in the service they provide.  Year after year, our retirement plan clients are served by the same knowledgeable people.


Our Experience Can Benefit Your Business

Your business prospers from your hard work.  You've planned, assembled a quality staff and your efforts are being rewarded.  What could disrupt this harmony?

Economic changes and increased taxes are pitfalls for the unprepared.  Your tax advisor may suggest the shelter of a qualified retirement plan as a business strategy.  You may also have considered a retirement plan to provide a more secure future for yourself and your most valued employees.  If the many different plan choices, paperwork and regulations have caused you to wait, you've just found the reason to proceed.

A retirement plan, administered by National Retirement Plan Advisors, helps provide future stability and immediate tax benefits, administered by professionals who keep abreast of changing regulations to help give you every advantage.


Big Business Advantages for Small Businesses

Offering immediate tax advantages and future benefits, tax favored retirement plans make good business sense.

• Employer's contributions are tax deductible
• Employees are not currently taxed on contributions made on their behalf.
• Tax-deferred funds accumulate with interest earnings compounded.
• No income tax on net insured death benefits.
• Better than a bonus - receipt of funds can be postponed until retirement, when tax obligations may be less.

More compelling business reason to establish a well designed retirement plan:

• To help attract qualified employees.
• To reward key employees
• To encourage career-long commitment from the business' most valued employees.
• To help provide retirement security for owners and employees.
• To reduce current income tax.

Businesses Are Unique - Their Plans Should Be, Too!

We believe retirement plans should be uniquely designed to meet the needs of the business owner and its employees.  To meet the needs of your unique situation, National Retirement Plan Advisors offers the following plan designs:

Traditional Profit-Sharing Plans allow an employer to contribute up to 25% of total eligible payroll.  The employer can also skip a contribution in lean years.

Profit-Sharing Select allows an employer to vary the annual contribution and allocate more of it to select groups of employees.

Age-Weighted Profit-Sharing Plans offer flexibility in the amount of contribution made by the employer and allow more of the contribution to benefit older employees nearer to retirement.

Defined Benefit Plans provide a predetermined amount of income at retirement, up to 100% of pay, not to exceed a mandated dollar amount, indexed for inflation.  There are various design techniques which can be used to favor identified key employees.

412(i) Defined Benefit Plans provide a predefined level of benefits which are fully insured, funded entirely by insurance company contracts.  Suitable for established, stable businesses, 412(i) plans typically allow higher deductions than traditional defined benefit plans.

401(k) Plans accept both tax-deductible contributions from employers and pre-tax dollars from employees.  In addition to retirement benefits, 401(k) plans allow pre-retirement hardship withdrawals under certain circumstances.


National Retirement Plan Advisors' Services

The process of designing and implementing a retirement plan can appear intimidating.  That's why NRPA has developed a full program of services to handle the administrative dutes from initial plan design through annual review.

We offer these key services to our clients:

Plan Design.  Plan specifications are developed to meet each individual client's objectives.

Plan Documents.  After the plan is designed and National Life's prototype or NRPA's volume submitter documents are adopted, the IRS approval process is simpler and less expensive.

Initial IRS Filing.  All of the required forms are fully prepared, ready for signature, to ensure that the new plan meets all reporting requirements.

Disclosure Requirements.  A Summary Plan Description and Individual Statement of Benefits are prepared.  NRPA's commitment to continuing service ensures that these documents will remain current through future updates.

Annual Government Reports.  All required forms are completed for our clients, signature ready, including actuarial certifications for defined benefit plans.

Annual Service Review.  Among NRPA's strengths is timely knowledge of changing regulations.  We make sure our clients' plans are kept up-to-date through annual reviews.

National Retirement Plan Advisor's Services free the business owner from the paperwork of establishing and maintaining a sound retirement plan, and we do it at a competitive price.


Three Sample Case Studies

Click on a link below for a sample case study.

• Profit Sharing Select
• 412(i) Defined Benefit
• 401(k) Profit Sharing Select Combination

Sample "Cutting Edge" Plan Designs
 
Contact Us to receive further information about any of the following "cutting edge" plan design options.

Profit Sharing Retirement Plans

• Traditional Profit Sharing Plan
• Age-Weighted Profit Sharing Plan
• Profit Sharing Select

401(k) Profit Sharing Retirement Plans

• Traditional 401(k)
• Safe Harbor 401(k)
• Elite-K
• Solo-K
• "The Dynamic Duo" - 401(k) / Profit Sharing Select Combination

Defined Benefit Retirement Plans

• 412(i) Defined Benefit
• 412(i) Defined Benefit - Fully Insured  
• Traditional Defined Benefit
• Defined Benefit Select