Pension / Retirement

We administer custom-tailored retirement plans such as defined benefit, defined contribution, and 401(k) plans.

Our services include but are not limited to the following:

  • Automated processing of benefit checks.
  • Tax filings and other government required notices and reports.
  • Annual reports of individual and group statistics, as needed, for actuarial and government reporting purposes.
  • Assistance in preparation of plan documents, amendments and summary plan descriptions.
  • Customer service representatives who answer questions regarding eligibility, vesting status and benefit estimates.
  • Monthly, quarterly, or annual participant statements.
  • Options for participant-directed investing in multiple funds.
  • Broad range of withdrawal options, including trust-to-trust transfers, participant loans, and hardship withdrawals.
  • Discrimination testing.
  • 401 (k) retirement plans – full administration (see below).
  • Customized reporting.

A 401(k) plan is a qualified deferred compensation plan which enables you to save money, lower taxes, and invest in your financial future. Under a 401(k) plan, your elective contributions are made on a before-tax basis; that is, the amount deferred will be excluded from your taxable income. This may currently lower your taxes. The following are some advantages of our 401(k) plan.

  • Elective deferrals are voluntary and the amount you contribute is up to you. (Federal law limits the deferral to 25% of salary or $17,500, whichever is less for 2013).
  • Deferrals are made before tax; therefore, you pay less in Federal and State income taxes.
  • Earnings and income are not taxed until the money is distributed from the plan. When you receive your retirement benefit you may be in a lower tax bracket than you are currently.

For more information, please contact Judy Sargent, Senior Vice President, Pension at or 408.288.4550.