Services
Plan Design & Consultation
Effective plan design is critical to a plan’s longevity and a client’s overall satisfaction in solving a business problem. Pangburn’s experienced consultants recommend best practices in plan design and assist clients and advisors in determining solutions to retention and recruitment problems.
Whether you desire to establish a new nonqualified benefit plan, reinvigorate an existing plan, or need to address regulatory and compliance concerns, Pangburn’s consultants are prepared to guide you through the plan design decision making process.
Plan Design
When developing a new nonqualified benefit plan, our consultants begin by assisting clients with completing a Plan Design Questionnaire. The questionnaire facilitates discussion of all plan design parameters and offers an opportunity for the consultant to educate the client on best practices and implications of their design decisions. Once a design is finalized, Pangburn compliance specialists will draft customized plan documents, enrollment materials, and other necessary paperwork to establish the plan. Pangburn does not engage in the practice of law, so a client’s legal counsel should review documents prior to execution.
Account Balance Plan Questionnaires
Elective Account Balance Plan Questionnaire (EE & ER Contributions)Elective Account Balance Plan Questionnaire (EE & ER Contributions)
Nonelective Account Balance Plan Questionnaire (ER Contributions Only)Nonelective Account Balance Plan Questionnaire (ER Contributions Only)
Nonelective Account Balance Plan Questionnaire (457(f) / Tax-Exempt Only)Nonelective Account Balance Plan Questionnaire (457(f) / Tax-Exempt Only)
Loan Regime Split Dollar Plan QuestionnaireLoan Regime Split Dollar Plan Questionnaire
Non-Account Balance Plan Questionnaires
Defined Benefit QuestionnaireDefined Benefit Questionnaire
Defined Benefit Plan Questionnaire (457(f) / Tax Exempt OnlyDefined Benefit Plan Questionnaire (457(f) / Tax Exempt Only
Plan Design Maintenance
In addition to assisting with new plan documentation, Pangburn provides a variety of plan design support services to ensure that plans continue to meet the needs of the client. These services include preparation of annual enrollment forms and consulting with clients to develop plan amendments that keep pace with the client’s shifting needs and regulatory and market changes.
Compliance Review
Plan sponsors with existing nonqualified benefit plans that have not had proper recordkeeping often discover that their plan is not in compliance with documentary or operational requirements. Pangburn is available to assist prospective clients with assessing the existence of potential documentary and operational compliance violations. We provide a thorough analysis by reviewing plan agreements, amendments, forms, and other documentation. We also facilitate discussions with a client’s legal counsel to assist in creating strategies for document corrections and identify areas of operational improvement.
Plan Conversions
When Pangburn assumes the recordkeeping of a nonqualified benefit plan from a prior administrator, we transfer data to our platform and provide a thorough analysis of all documents, data, operations, and processes. Our consultants and implementation specialists review any deficiencies with the client and provide suggestions to improve internal operational processes.
Actuarial Services
Pangburn provides actuarial services to assist clients with requests for funding analyses, compliance reviews, peer group analysis, calculations under Section 280G and 457(f), interpretation of accounting and regulatory issues, and preparation of benefit actuarial reports. Our actuaries are available to consult with clients and their professional advisors and auditors on an ad-hoc basis.
IMPORTANT: The Pangburn Group does not provide legal and tax advice. Any plan related documentation provided by The Pangburn Group should be reviewed by your legal and tax advisors.