Regardless if your business entity is a corporation, an LLC, a sole-proprietor, or a partnership, there is a Qualified Retirement Plan available.

A qualified retirement plan affords many tax advantages for the plan sponsor as well as for the plan participants.  For the sponsor, all company contributions made into the plan are deductible as an ordinary business expense.  This has a direct effect on the company's tax liability in that the contributions decreases the bottom line taxable income to the company.  For the participants, the employer contributions are tax-deferred meaning the employees will not have to claim it as income until the participant takes a distribution.  In addition, a 401(k) Plan allows participants to contribute into the plan, directly from their paychecks, on a pre-tax basis.  Starting in 2006, Roth 401(k) Plans will enable participants to contribute into the plan, again, directly from their paychecks, on a tax-free basis.

Click on Plan Types to see a more comprehensive explanation as well as an example of each type of plan available.

At CBS, one of our primary goals is to relieve you of the many headaches so often inherent in employee benefits administration. In this regard, our services include Plan Design and Installation, Plan Documents, Ongoing Administration and Recordkeeping, and Reporting and Disclosure. Also included in all of these services is continual monitoring of your plan to ensure that it is always in compliance with government regulations.  We consider these services basic to ensuring that your plan is administered in the most efficient manner and that your objectives are being met.

Admittedly, there are many factors to consider when evaluating and selecting a firm to administer your Employee Benefits Program. Some of the questions that must be asked are,

• Does the company have the expertise to guide you and to assist you in meeting your objectives?
• Is the company focused on employee benefits issues, enabling them to truly specialize in the field?
• Does the company answer your questions promptly and accurately?
• Does the company go the extra step to assist you in becoming knowledgeable with your plan’s provisions?
• Do the company’s professional employees have the proper education and credentials to allow them to smoothly interact with your other professional advisors to get the job done efficiently and timely?
• Are the fees competitive?
• Is the internal structure of the company such that you will receive the personal attention you deserve?

CBS can answer all of these questions affirmatively. We stand on our reputation of having highly qualified professionals as well as the resources available to meet your needs.

Contact Us Today for a Free Consultation and Fee Quote