Welcome to Pension Review Services
Pension Review Services, founded in 1975, is a third party administration firm (TPA) providing the highest quality consulting and actuarial services for qualified retirement plans. We work with employers of all industries, whether a sole proprietor or a medium-sized business.
Read our latest newsletter, “2025 Pension Plan Limits, Part-Time Employees and 401(K) Plans, Deadline for Sponsors of DB Plans, Important Reminder For 401(K) Plan Sponsors, Coming in January 2025”.
View the podcast below with our Actuary, Dave Yackel, “Using a Cash Balance Plan to Save Large Pre-Tax Dollars”:
Podcast – Using a Cash Balance Plan to Save Large Pre-Tax Dollars
Claim a tax deduction and save for your retirement as well as provide your employees with a competitive benefit package. Explore the types of plans for which we can provide services.
Plan Types
We offer several plan types; each one designed to fit your needs.
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Our Services
Plan Design Services: We custom design the Plan that is right for your company
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Compliance Services: We prepare plan documents and amendments for counsel
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Actuarial and Administrative Services: We calculate contributions, perform required testing, and prepare Form 5500 Filings
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Advantages of a Qualified Plan
Why should an employer have a pension plan?
- One of the few remaining tax shelters
- Income tax deduction for contributions
- Tax-deferred return on invested assets
- Postponement of and increase options for taxation of benefits
- Motivational tool to attract and retain key employees
- Life insurance can be purchased on a pre-tax basis
- To be able to retire with dignity and not have to depend upon your children or the government
- Receive a tax credit for a new pension plan, click here to find out how
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Advantages of Using PRS
- Experienced staff
- Dedicated service
- Our sole expertise is in designing, establishing, and administering qualified pension plans; we do not do payroll, we do not do investments, we do not recordkeep investments
- We do not receive commissions from the plan’s investments
- We are consultants, not clerks. We stand out because:
- We question data we receive that doesn’t seem right or is sketchy
- We reconcile employer and employee allocations to the penny
- We include a letter with every valuation report we do which details any action the plan sponsor needs to take
- We load all important information about your Plan in ShareFile, our client portal
Advantages of a Qualified Plan
Why should an employer have a pension plan?
- One of the few remaining tax shelters
- Income tax deduction for contributions
- Tax-deferred return on invested assets
- Postponement of and increase options for taxation of benefits
- Motivational tool to attract and retain key employees
- Life insurance can be purchased on a pre-tax basis
- To be able to retire with dignity and not have to depend upon your children or the government
- Receive a tax credit for a new pension plan, click here to find out how
Read more >
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