You won't even know you are heading into bad weather . Many financial institutions are getting out of the business of offering Standardized Adoption Agreements , or any pension plan documents, in part due to problems with non-compliance by their clients with IRS rules. The institutions have been taking considerable flack from concerned clients who are suddenly caught in severe IRS penalties in pension audits. The financial institutions themselves do not have the skilled consultants available to assist the clients with maintaining rhe documents after the initial sign up, and have no pathway for contacting the clients in this regard . Failure to timely amend and update the plan documents is the leading cause of IRS audit failures by business owners with no employees other than the owners, or up to 10 employees.
Penalties are severe.
We charge a reasonable flat annual fee for what we do, based on your type of pension plan and situation. We don't add on other miscellaneous charges during the year, except in rare circumstances. We want to keep your business for a long time. We give much better value than our fee, in opportunities, planning options, and timely advice. We can also give you and your spouse and heirs peace of mind and the satisfaction of having done the best job possible.