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When it comes to designing and administering pension plans, trust is paramount. When every detail counts, you can count on the deep knowledge and broad experience of Benefits 21 LLC, Friedman LLP’s Pension Administration Services Group. Our experts design and administer fully customized pension plans that benefit owners and officers — and attract and retain top talent.
Our pension administration services are specially geared for businesses, organizations and professional practices with up to 1,000 employees. As part of Friedman, a leading accounting and consulting firm, Benefits 21 is uniquely suited to evaluate the tax effects of plans on the company and its owners, and to design solutions that minimize tax liabilities.
Equally important, we recognize the distinguishing characteristics of exceptional service providers in a crowded marketplace. Our pension and benefits administration services are built around these hallmarks:
Put your pension administration in the hands of trusted experts - connect with a member of the Pension Administration Services team, or contact us.
Friedman provides fully customized pension administration services to companies, organizations and professional practices. Services include:
Defined Benefit Plans
Defined Contribution Plans
Typical Annual Plan Administration Services
IRS/DOL Compliance Issues Resolution
Other Services
Various forms of government relief have been issued in an effort to soften the economic impact of COVID-19. As the...
Read moreThe Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE” or the “Act”) was signed into law by...
Read moreEach year, the IRS announces tax inflation adjustments for the following year. The tax inflation adjustments are based on changes...
Read moreOn November 9, 2018, the IRS released proposed amendments to the hardship distribution regulationsapplicable to 401(k) plans (“Proposed Regulations”) that...
Read moreVarious forms of government relief have been issued in an effort to soften the economic impact of COVID-19. As the...
Read moreThe Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE” or the “Act”) was signed into law by...
Read moreEach year, the IRS announces tax inflation adjustments for the following year. The tax inflation adjustments are based on changes...
Read moreOn November 9, 2018, the IRS released proposed amendments to the hardship distribution regulationsapplicable to 401(k) plans (“Proposed Regulations”) that...
Read moreEach year, the IRS announces tax inflation adjustments for the following year. The adjustments are based on changes to the...
Read moreEach year, the IRS announces tax inflation adjustments for the following year. The tax inflation adjustments are based on changes...
Read moreWhen an employer considers establishing a retirement plan for their organization, there are numerous factors to consider. How much will...
Read moreEach year, the IRS announces tax inflation adjustments for the following year. The tax inflation adjustments are based on changes...
Read moreA 401(k) plan permits employees to contribute (an “elective deferral”) and invest funds under a company-sponsored plan before federal incomes...
Read moreAll members of a controlled group are treated as a single employer and the plan must satisfy the following compliance requirements for a plan to maintain its tax-qualified status.
Read moreMost business owners make the decision to start up a retirement plan for a specific company and employees in mind. When establishing this plan, owners should be aware of the effects being part of a controlled group of trades or businesses can have on the company. Joint ownership in other business ventures must also be taken into consideration to ensure the retirement plan is compliant with Internal Revenue Service and Department of Labor regulations, as well as addresses minimum coverage, nondiscrimination and plan documentation requirements.
Read moreIf you sponsor a 401(k) or other type of defined contribution retirement plan for your employees and use a "pre-approved"...
Read moreThe defined benefit plan was the way corporate America first met retirement needs of employees over the age of 65....
Read moreIn previous years, choosing a profit sharing allocation method was simple. Pro-rata, percentage of compensation or a formula utilizing the social security wage base just to name a few.
Read moreIn many instances, professionals in the early years of developing their practices will delay putting funds aside for retirement.
Read moreAlthough The Department of Labor (DOL) published final regulations on January 14, 2010 (and effective on that date) providing "safe harbor" rules governing timely deposit of employee 401(k) contributions...
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