PB&H Benefits

Document Services

Document Services
Document
Services
PB&H Benefits will work closely with you and your investment advisors to educate you about your options and to help you set up the plan in a way that best benefits your business and your employees. Whether you are establishing a brand new 401(k) plan, or converting an existing one, you can count on us to get your plan up and running as quickly as possible with a minimum amount of fuss.

Tax Advantages

The 401(k) Plan allows eligible employees to contribute a portion of their salary to a retirement plan. Employers may choose to contribute either matching or non-elective amounts to the plan on behalf of eligible employees. Employer contributions are tax deductible for the Employer – up to 25% of compensation of all participants. Employee elective deferrals are excluded from the employee’s income for federal income tax purposes. Tax-deferred growth potential is possible – any investment earnings grow tax deferred until withdrawn from the plan.

Flexibility

IRS prototype adoption agreement and plan document allow you to customize your plan for:
  • Plan eligibility requirements and compensation definitions
  • Vesting provisions
  • Match, no-match and profit sharing options
  • Safe Harbor design available
  • Roth 401(k) provision
  • Pro-Rata, Integrated, Age-Weighted, New Comparability profit sharing formulas

Cost Savings

  • Competitive pricing on all amendments and document changes required by law
  • Plan Sponsor-requested amendments are processed for minimal fees
  • Using pre-approved documents does not require the services of an attorney specializing in ERISA law to draft the plan document

Compliance

PB&H Benefits prototype plan documents and summary plan descriptions (SPDs) are designed to comply with the Internal Revenue Code and ERISA. Amendments are issued as necessary to help you keep your plan in compliance as legislation changes. Your plan administrator has access to a toll-free number for plan administration help and assistance.