Advisory and Consulting

A Retirement Plan Advisor for your Business

Brown Edwards can help you streamline design and administration of a retirement plan that meets the unique needs of your company. Whether your company’s retirement plan has one participant or thousands of participants, you need plan design and administration support that’s tailored to your objectives. For many years, our retirement plan consultants have been assisting organizations of various sizes and in various industries with specialized employee benefit plan services.

If your company doesn’t currently offer a plan, or if it offers a Simplified Employee Pension (SEP) or a SIMPLE Plan, a review of plan options can help your company provide the best plan for your business which will allow you to retain employees and hire top talent in a competitive market. If you currently offer a plan to your employees, it is the best practice to review your plan options every few years to ensure your plan is optimized and remains compliant.

Employee
Retention

Recruitment
of Top Talent

Tax
Benefits

Retirement
Planning

Why Choose Brown Edwards

Our Experience

Inside Public Accounting Top 100 Firms
Inc. 5000
Dan and his team have been a great partner over the years. Their confidence and level of expertise has made it easy for us as a small business to manage our retirement plan. It’s been a pleasure to work with them.
Shannon Connors
Chief Operating Officer, NWG SOLUTIONS

Services We Provide

Every organization is unique and, as such, requires a tailored approach, and no matter how simple or complex your plan may be, we have the expertise to design and manage it. With regulatory guidelines in mind, we let you know what’s possible and help you choose the best plan design to meet your needs. Our team has extensive experience managing all types of plans, including:

  • 401(k) Plans (traditional or safe harbor)
  • 403(b) and 457(b) Plans
  • Cash Balance and Defined Benefit Plans
  • Profit-Sharing Plans (including cross testing formula or age-based formula)
  • Health and Welfare Benefit Plans
  • Money Purchase Pension Plans
  • Simplified Employee Pension (SEP) and SIMPLE Plans
  • ESOPs
  • Preparation of Form 5500 (ERISA)

Design

Design

  • Defined Contribution and Defined Benefit Plans
  • Cross-Tested/New Comparability Plans
  • ESOPs

Documentation

Documentation

  • Plan and Trust Documents
  • Summary Plan Descriptions
  • Plan Administration Packets
  • Funding and Investment Policies
  • Annual Notices

Administration/ Compliance

Administration/ Compliance

  • Eligibility/Participation/Vesting of Participants
  • Beneficiary Designation, Contribution calculations, loans and hardship distributions
  • Nondiscrimination and other testing
  • Allocation of earnings and Disclosure creation
  • Benefit distributions and tax withholding requirements, lost participants
  • Governmental filings and Surety bond compliance

Annual Compliance/Review

Annual Compliance/Review

  • Review plan status with your Investment Advisor, CPA and Attorney
  • Controlled Group Issues
  • Legislative and Regulatory Developments
  • Prohibited Transaction Reviews
  • DOL Enforcement Activity Expected to Increase in 2023

    DOL Enforcement Activity Expected to Increase in 2023 In 2022, the Employee Benefits Security Administration (EBSA) saw a significant decrease in enforcement actions for the second consecutive year. In total, the EBSA recovered $1.4 billion for plans, participants, and beneficiaries

    read more
  • Changes to the 2023 Form 5500

    Changes to the 2023 Form 5500 The Department of Labor (DOL) released the final changes to Form 5500 relating to the September 2021 notice of proposed form revisions (NPFR) to amend the Form 5500. The changes fall into seven major

    read more

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  • Accountability and Governance
  • Organizational Change, Strategy & Finance
  • Risk Management
  • Financial Statements
  • Performance Improvement
  • Regulatory Changes

Contact Our Retirement Plan Practice Leader

Daniel L. Bowman, CPA

Partner

Daniel L. Bowman, CPA

Partner

Ready to Optimize Your Company’s Retirement Plan?

Get the most benefit from the plan that’s designed and managed for your company.

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Contact

Our Retirement Plan Services Team

Meet the Team

Leslie F Roberts, CPA

Partner

Leslie F Roberts, CPA

Partner

Valerie R. Ellis, CPA, CGMA

Partner

Valerie R. Ellis, CPA, CGMA

Partner

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