Plan Design Services

With many years helping clients manage the intricacies of plan administration, Summit understands the needs of business owners. Retirement plan design may vary dramatically based upon workforce demographics, tax objectives, owner’s retirement requirements, and desired flexibility. We recognize the importance of tailoring retirement plans to the specific goals of the people the plan is meant to serve.

We offer virtually every type of benefit plan available. Let us help you connect the dots when it comes to retirement and your business operations.

Take advantage of our expertise.

 

Whether you have an existing plan that needs a review or want to implement a new plan,
we will guide you through the process by helping outline your goals for the plan.

Once the goals have been determined, we will prepare a plan design proposal to meet your objectives. This unique plan proposal process incorporates a tax analysis based on your corporate and personal income tax rates. In some situations, the tax savings achieved on the contributions to the plan exceed the amount required to be contributed for employees.

We draft all plan documents and forms and complete all the required steps to secure Internal Revenue Service (IRS) qualification of your plan. When it’s time to restate a document due to IRS compliance, we view this as an opportunity to reassess plan design, not just clear IRS hurdles.