Baden Retirement Plan Services is an independent third party administrator (TPA) that helps employers (plan sponsors) decide on the most appropriate plan design for a tax qualified defined contribution plan, such as a 401(k) or other type of employee retirement plan. A plan design is based on discussions, sometimes along with the employer's financial advisor, of the employer’s goals, the current available design options, estimating how the required compliance testing will be effected, and the financial and human resources available to implement and support the plan. This discussion is critical for setting up a new plan and for converting a plan to a new design, investments or service providers.
Benefits of Effective Plan Design
- Maximize tax deductions for the employer (plan sponsor)
- Maximize tax-deferred retirement savings opportunities for the employer and employees (plan participants)
- Minimize costs for starting up and maintaining the plan
- Recruitment and retention of valuable employees by being able to offer an attractive retirement plan benefit
For more information, contact Tom Ackmann at (260) 969-2677 or use our Contact Us form to e-mail your inquiry.