PRS is a third party administration firm which provides the highest quality of services for qualified retirement plans – from the single owner company to mid-sized firms. We discuss with our clients and their advisors their individual needs and objectives. Often the objective is to maximize contributions for owners and key employees while minimizing the contributions for other employees. Together we design a plan that will meet those objectives and goals – whether it be a new plan or updating an existing one.
PRS can discover problems before the government (IRS, DOL and PBGC) does! This enables you to correct those errors, in either the operation of the plan or the required plan documentation, and limit or eliminate the potential penalties associated with them at a much lower cost.
Read "Oh No! An employee was permitted to make 401 (k) contributions prior to meeting the plan's eligibility requirements..." in our Case Studies section for an example of a correction program in action.
Actuarial and Administrative Services:
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