Services :: Pension

We administer custom-tailored retirement plans such as simplified employee pensions, 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 $14,000, whichever is less for 2005).
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, Vice President, Pension at jsargent@uastpa.com or 408.288.4550.

Judy Sargent

Ms. Sargent heads the Pension Department which handles Defined Benefit, Defined Contribution and 401(k) Plans. She has a broad range of experience and knowledge of Pension Plan Administration with over 30 years in this industry. With such extensive experience, she is also the Account Executive for all Pension Trust Fund Clients.