Funding By William A. Clemmer and Gary S. Lesser, Esq. A retirement plan provides a vehicle for the tax-advantaged accumulation of deferred compensation. A retirement plan requires plan documents, administration and record keeping.
Assets make it all possible.
This is also a critical question for retirement plans. A retirement plan requires specific actions on the part of employer, employee, administrator, and sponsor. These activities are often managed by the agent, who has the relationship with the employer and, in some cases, participants in the plan. Funding deals with assets held in a trust or annuity contract by the Plan for accumulation and distribution. The exact amount of the contribution is determined annually.