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Compensation Systems, Inc. provides assistance to employers, employees and financial advisors in learning about compliance issues and legislative changes related to tax-qualified deferred retirement plans.

Plan rules vary based on how the employer sets up the program, but a tax-qualified retirement plan basically allows eligible employees to invest a portion of their income in the plan while deferring payment of taxes on those dollars until they are drawn out later, usually during retirement. To gain these benefits and avoid penalties, employers and plan participants must comply with IRS laws and regulations.

The information we provide is not intended to be nor should it be interpreted as tax, legal, or accounting advice. Because additional issues could affect the tax treatment of a specific transaction, taxpayers should seek advice from tax or legal advisors regarding their particular circumstances. This information is not intended for nor can it be used by any taxpayer for the purpose of avoiding tax penalties.

TYPES OF PLANS

Compensation Systems, Inc. provides design, document preparation, compliance and government reporting services for many types of tax-qualified retirement plans.

401(k) Plan
Traditional 401(k) Plans
Safe Harbor 401(k) Plans
SIMPLE 401(k) Plans
Individual 401(k) Plans
Roth 401(k) Plans
Profit Sharing
New Comparability
Money Purchase
412(e) Defined Benefit Plans

Through fact-finding with the employer and any advisors as well as consideration of the type of company sponsoring the plan and specific plan design objectives, we recommend the most appropriate type of plan. Each type of employer-sponsored plan also has its own specific variables and must comply with rules and laws established by the Internal Revenue Service (IRS) and the Department of Labor (DOL).

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Services