Our Services
401(k) and Profit Sharing Plan
Cash Balance Retirement Pension Plans
403b Plans
Plan Terminations
Special Project Staffing
IRS & DOL Audits
Compliance Resolution and Test
Plan Sponsor Workshops
Annual Plan Reviews
3(16) Fiduciary Services
401(k) and Profit Sharing Plan
One of the most popular and common types of company-sponsored retirement plans available today, a traditional 401(k) plan allows participants to reduce their current taxable income levels by deferring pre-tax income into the plan. Those contributions enjoy tax-deferred savings until withdrawn at retirement.
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Cash Balance Retirement Pension Plans
There are two general types of pension plans — defined benefit plans and defined contribution plans. A cash balance pension plan is a pension plan under which an employer credits a participant's account with a set percentage of his or her yearly compensation plus interest charges.
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403(b) Plans
Falling under the auspice of ERISA and Non- ERISA plans, a 403(b) plan offers a means for employees of non-profit organizations - sometimes referred to as 501(c)3 organizations - to defer pretax income into a tax-deferred retirement savings account.
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Plan Terminations
Once a company has decided to terminate its employee retirement plan, it is necessary to complete the administration of the plan and ensure terminations are completed in compliance with ERISA and IRS requirements as quickly as possible.
Special Project Staffing
Receiving a letter from the Internal Revenue Service (IRS) is never an enjoyable experience.
DOL Audit Guide
Every year the Department of Labor (DOL) and the Internal Revenue Service’s (IRS) Employee Plans Compliance Program (EP) perform thousands of audits of employee benefit retirement plans.
Compliance Resolution
Even the IRS and DOL recognize that mistakes can happen. If a plan sponsor finds that their plan is not in compliance, there are several programs available that the Ryding Company can assist you with, to help correct problems and bring the plan back into compliance.
Plan Sponsor Workshops
The Ryding Company places a high value on education, and we don’t just focus on our employees! Currently, we offer an in-depth, six-hour workshop that focuses on the complexities of administering 401(k) and 403(b) plans.
Annual Plan Reviews
Don’t forget to invite Julie Tucker to your Annual Plan Review! As the financial advisor, you can focus on investments, and Julie will highlight plan design and compliance.
3(16) Fiduciary Services
ERISA Section 3(16) states the definition of “Plan Administrator” as responsible for the daily operation of the plan. A Plan Administrator under ERISA 3(16) is identified in the Plan Document and if the Plan Document is not specific, the Plan Sponsor is considered to be the 3(16) fiduciary.
