Some business owners wonder whether it's really necessary to hire a pension administration firm to provide annual services for their qualified retirement plan. Perhaps you may feel that your accountant (or other advisor) or even your own company would be capable of handling your plan's administration tasks. While it may seem like a fairly simple process, in reality, the administration of a qualified retirement plan is a complex procedure, which requires the type of technical expertise that WSA provides its clients.

Here are a few questions, which must be addressed to effectively administer a qualified retirement plan. Which can you answer?

• Does my plan meet the current coverage and non discrimination tests?
• Is my plan "top heavy" and does it comply with all of the top-heavy requirements?
• Is my company a member of a "controlled group"?
• What special rules govern such groups?
• Are benefits under my plan in excess of the legal limits?
• How are these limits computed?
• Do current participant loans comply with existing rules?
• What paperwork is necessary to initiate a loan from the plan?
• If my plan is a 401(k) plan, does it pass the ADP and ACP non-discrimination tests?
• What information does the law require that I provide to all participants annually?
• When plan participants retire or terminate employment, when are they entitled to a distribution?
• Am I familiar with the withholding rules?
• Does my plan contain joint and survivor annuity rules and what must I do to comply?
• Do I know how to compute the maximum deductible contribution to my company's plan?
• What if I have more than one plan?

Even if you do know the answers to these questions what will you do when Congress or the IRS decides to change the rules? Where will you go for answers and will they be right? Failure to adhere to the regulations governing retirement plans may result in plan disqualification!
Look to Warren Steinborn Associates; we have the experience and expertise to properly administer your qualified plan.

Securities and advisory services offered through National Planning Corporation (NPC), Member FINRA/SIPC, a Registered Investment Advisor. Warren Steinborn Associates and NPC are separate and unrelated companies.
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