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What's New?

Form 5500 - Who May Not Have To File
You do not have to file Form 5500-EZ (or Form 5500) for a plan year (other than the final plan year) that begins on or after January 1, 2007, if you meet the five conditions - Click Here

Enhanced Plan Design: The Dual Plan Concept

For companies and organizations to sponsor  retirement plans that achieve optimum benefit levels requires consultants with experience and advanced knowledge in the discipline of retirement plan design.  Adding a cash balance plan to a 401k/profit sharing plan might be the solution for your client, company or organization.  Contact us to schedule a consultation - Click Here

Katrina Victims Get Relief - President Bush has signed into law a series of tax breaks for Katrina victims, including the loosening of rules for distributions and loans from workplace retirement plans or IRAs. Among the provisions of the Katrina Emergency Tax Relief Act of 2005 (KETRA) - Click Here 

A Medical Expense Reimbursement Plan or MERP is 'one of the best kept secrets in the industry' - Section 105 of the Internal Revenue Code provides a way to save taxes, for both employer and employee on excess medical expenses - Click Here

What is a Cash Balance Plan? A cash balance plan is a defined benefit plan where a participant's account is credited each year - Click Here
 
Adding a Roth 401K: Rules
According to the IRS, it will implement the Roth 401K provision of EGTRRA. Under this new ruling, employees will be able to designate money in their 401K plan to be Roth contributions. - Click Here
 
 
HSAs or Health Savings Accounts begin to take hold in the market. - Click Here
 

HSA - Eligible Qualified Expenses - Click Here

 
PEO's - IRS Revenue Procedure 2002-21 provides relief to PEO's operating qualified plans in a 'single employer' format. For more information - Click Here 
Tips, Tricks, & Techniques
Strategies - Company wants a 401(k) plan for long service employees that favor key people. This could either be the company's first plan or the replacement of a defined benefit plan.  What to do! - Click Here for answer
And . . .  Coming Soon!
Improving portfolio performance in tough markets. . .
Market Highs and Lows. . . What to do!
Diversification is 'key' in a tight economy. . .

401(k) Participation Requires Planning 

With the traditional pension plan in doubt, more workers must depend on themselves, not their companies, to fund their retirements. For more - Click Here

IRS Announces 2008 Plan Contribution Limits. - Click Here

Calendar Watch. . .

  • 2006 Form 5500 filing deadline is due in most cases by 07/31/2008 -- with extension by 10/15/2008 - Details

  • 2007 PBGC premium vouchers must be remitted by 10/15/2008

  • Safe Harbor Notifications due in most cases by 11/30/2008

Market Watch. . .

 

Plan Amendments: 2006

Many plan amendments for plan year 2006 are optional; some are required. Each amendment is noted as to whether it is optional or required. Prototype and Volume Submitter amendments may be at the Sponsor level, the employer level or both. Details

EGTR Restatement

The IRS reviews restated plan documents either every five or six years, depending on the type of plan document (individually designed, pre-approved prototype, or volume submitter). Pre-approved plan documents (also referred to as prototype and volume submitter) are to be restated every six years. Details

GUST & EGTRRA Restatement  Requirements - Why? - Click Here

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Visit Our ' white papers ' section.

 
Check out our 'Strategies Section' for Design, Funding, and Money strategies for details on specific strategies that may help your company achieve a more efficient contribution advantage.
 
The new provisions in the 2001 Economic Growth Tax Relief Reconciliation Act - EGTRRA are helping qualified plan clients reevaluate their strategies to maximize plan 
contributions.
 
Top Ten Blunders Plan Sponsors Make With Their 401(k) Plans - Click Here
Another Reality Check
The stunning demise of Enron Corp. has highlighted the danger of over-investing 401(k) funds in an employer's stock. Enron stock, which was trading at about $90 a year ago, is now trading at less than $.50 a share and all Enron employees can do is watch their retirement savings evaporate. While experts recommend that no more than 10% to 20% of a 401(k) account be invested in employer stock, the average is over 39% with some employees investing up to 100% of their 401(k) assets in employer stock. It's time to help your clients make a reality check of their 401(k) allocations and, if needed, to better diversify their 401(k) portfolios.
 
To Open, Review, and/or Print our Company Brochure - Click Here

Employer's Corner
Five Steps To A Great Profit Sharing Plan
Whether the market is up or down, you can do things as a plan sponsor to greatly improve your company's plan, and make it even more attractive to those who depend upon this benefit? The following are steps that many employers are taking to make their plans better. - Click Here
COBRA
Learn what can happen from a COBRA administrator when an employer fails to comply with current ERISA requirements for SPD content: "Failure to Provide SPD Results in $17,000 Penalty". - Click Here

 

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Information is provided for review and consideration only. Please consult legal and tax advisors for practical advice pertaining to your business and personal situations.

This page was last updated on Wednesday, January 02, 2008 11:34 AM

 

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