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We
design plans that focus on benefits for owners and key persons. Belcor
has its' own IRS approved prototype documents that offer a great deal
of flexibility. In certain cases individually designed plans are more
appropriate. Sometimes more than one plan will meet management objectives.
A feasibility study may indicate no plan should be started, or an
old plan should be terminated. With 40l (k) plans the investment responsibility
is shifted to the employee. Use of multiple fund families with 24 hour
dial up service is almost a standard. Our services include IRS submission
and approval, and annual administration including government reporting.
Our approach to pension plan design includes consideration of succession
planning and estate conservation. Close involvement of the client's attorney
and accountant is critical. Additional information can be found in the estate conservation section.
Given the new laws and a more favorable IRS environment, taking a new
look at pension and profit sharing plans is recommended.
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