Hicks Pension Services Presented by Presented by Eric Petersen Eric Petersen Pension Consultant Pension Consultant

Who can have a plan Any business entity Any business entity –Non Profit –C-Corp –S-Corp –Sole Prop –LLC –Partnership

Types of Plans Defined Contribution Defined Benefit ERISA 403 (b) Defined Benefit ERISA 403 (b) Defined Benefit Non-ERISA 403 (b) Cash Balance Plan Non-ERISA 403 (b) Cash Balance Plan 401-k Profit Sharing Plan 401-k Profit Sharing Plan Old plans Old plansKeough Money Purchase Plan

Types of Plans SEP SEP SIMPLE SIMPLE

Sponsor TRUST Tax Deferred Safe from Creditors Self-Directed Investments

Employee Employer Sponsor TRUST Tax Deferred Safe from Creditors Self-Directed Investments 17,500 or 23,000 H.C. N.H.C % 9 ½ % Eligibility Requirements Age 21 Full-Time One Year Classification Last Day Allocate = % Age Age & % 5 % 7½7½ 7%

PAYROLL INFORMATION Date of Annual Name Key SexBirthEmploymentCompensation

Vesting 6 years 100 % 6 years 100 % 5 years 80 5 years 80 4 years 60 4 years 60 3 years 40 3 years 40 2 years 20 2 years 20 1 year 0 1 year 0

Safe Harbor 3% Profit Sharing Contribution to all Eligible participants 3% Profit Sharing Contribution to all Eligible participants Dollar for dollar match on the first 3% of pay. 50 cents on the dollar for the next 2% of pay Dollar for dollar match on the first 3% of pay. 50 cents on the dollar for the next 2% of pay Both methods will satisfy Top Heavy requirements. Both methods will satisfy Top Heavy requirements.

Reactive vs. Proactive Estate Planning Entity Formation Buy Sell Agreements Accounting System Payroll Retirement Planning Client calls you on April 15th

How we work together Insert Assumptions Contribution: Annual Amount16,500 Interest Rate: Portfolio Average Return0.08 Numbers of year to retirement13 Current Retirement Savings300,000 Total from Qualified Plan$354, Total Retirement Savings$1,170, Monthly Income$9,275.00* Annual Income$111,300.00* * Assumes annuity purchase

Questions to ask clients Have you been filing IRS form 5500? Have you been filing IRS form 5500? –Voluntary Delinquent Filer program Has your plan document been restated? Has your plan document been restated? –All plans must restate Does plan require an annual Audit? Does plan require an annual Audit? –Look up clients on FreeErisa.com Top Heavy Contributions Top Heavy Contributions