Business Owners Advisory
Benefit Plans
Help weighing the costs and benefits of pension, profit-sharing and employee benefit plans, from 401(k)s to health insurance, plus plan audits.
401(k) consulting
Our firm can help your business weigh the complex benefits and costs posed by today’s qualified and non-qualified pension and profit-sharing plans, including 401(k), SEP, SEP IRA, Keogh, life insurance, and health insurance plans.
Employee benefits play an important role in employees’ lives and as a talent retention and recruitment tool for employers. Unfortunately, in today’s landscape, designing the right benefits package can be both administratively complex and costly to your business. There are many issues to consider, from tax and legal considerations to plan funding and finding the right administrators to work with.
We can help design or review your existing plans for compliance and assist you in better understanding your workforce, the advantages and deficiencies of your current employee benefit plans, and analyzing the marketplace to uncover the best fit for your objectives and employees.
Designing the right benefits package for your business means you need someone who can help you navigate all types of employee benefits, including, but not limited to:
- Health insurance, including Health Savings Accounts and assessing the feasibility of Self-Insurance
- Disability insurance, both long- and short-term
- Life insurance
- Retirement plans
- Flexible compensation (cafeteria plans)
- Sick and emergency leave
- Compassionate leave (funeral, family illness)
- Education/training
- Parental (formerly maternity) leave
Benefit plan auditing
Our firm also provides benefit plan auditing services. 401(k), Pension, 403(b), and other health and welfare plans are governed by constantly evolving rules and regulations from Congress, the IRS, DOL, and ERISA. These audits are complex, but we have years of experience, and we will guide you through the audit process. Specifically, we can help you determine whether you are required to have a plan audit and, if so, the requirements for your plan, work with third-party administrators, and file Form 5500s as necessary.
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Schedule a consultation to discuss your goals, tax needs or business plans.