Cash Balance and Retirement Plan Design
How it Works
Our TPA partners enjoy a simple and painless step-by-step process from account set up and initial plan design through plan purchase and annual administration. You always control the client relationship, with the option to set pricing and add your brand to our work products. Many of our services are conveniently available online, and you’ll also enjoy phone support from our friendly and knowledgeable team members.
We send you a custom plan design illustration within 3 business days
Debrief call with your Kravitz sales partner to review plan design options and selling points (optional to include the advisor and/or your client)
When client is ready to purchase, you secure a signed Cash Balance service agreement. We provide a customizable template on our website.
You purchase the plan online.
You set up a Welcome Call with your client to finalize plan design and review next steps. We provide a customizable template on our website.
We prepare the plan document and upload to our secure website; you download and obtain your client’s signature.
You send the annual data collection package to your client and upload data to our website.
We perform annual nondiscrimination testing, calculate contribution amounts for profit sharing and Cash Balance plans, and prepare participant statements.
You download our customizable reports and share with your client.
Your client distributes annual Cash Balance participant statements and completes funding for the plan year.
You upload contribution verification to our website.
We certify the required annual funding status.
We prepare government form filings (PBGC if applicable, plus signature-ready Form 5500) and participant notices (SAR or AFN).
You coordinate electronic filing with your client.