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Underwood, Perkins & Ralston, P.C. specializes in the design and operation of qualified retirement plans of all types, including 401(k) Plans, Profit Sharing Plans, Money Purchase Pension Plans and Defined Benefit Pension Plans. The Employee Benefit Section prepares complete documentation for all these types of qualified retirement plans. The service includes the complete plan document, a Summary Plan Description and the Internal Revenue Service Application for Determination.

Underwood, Perkins & Ralston, P.C. sponsors Volume Submitter Plan documents for each type of qualified retirement plan. A Volume Submitter Plan is a form of retirement plan document that allows certain employers to take advantage of an individually-designed qualified retirement plan, but at a fee more normally associated with a prototype plan. Many private businesses can benefit from a qualified retirement plan that is tailored for its employees. This particularly applies to the owners and highly-compensated employees of these businesses. A Volume Submitter Plan document allows the smaller business to take advantage of the maximum qualified retirement plan benefits, but at an affordable legal and operational cost.

401(k), Profit Sharing and Money Purchase Pension

Prepare qualified retirement plan and trust agreement, Summary Plan Description ("SPD") and IRS Application for Determination (Form 5307). Submit Application for Determination to the IRS. Coordinate Application for Determination with the IRS, including response to IRS issues and questions, until receipt of favorable determination.

Advise on operation of 401(k) plans through employer-matching programs, safe harbor matching or nonelective contributions and coordination with New Comparability allocation formulas which provide maximum benefits to key employees.

Defined Benefit Pension

Prepare qualified retirement plan and trust agreement, Summary Plan Description ("SPD") and IRS Application for Determination (Form 5307). Submit Application for Determination to the IRS. Coordinate Application for Determination with the IRS, including response to IRS issues and questions, until receipt of favorable determination.

Employee Stock Ownership Plan ("ESOP")

Prepare qualified retirement plan and trust agreement, Summary Plan Description ("SPD") and IRS Application for Determination (Form 5300, Form 5309). Submit Application for Determination to the IRS. Coordinate Application for Determination with the IRS, including response to IRS issues and questions, until receipt of favorable determination.

Advise on legal issues involving an ESOP's investment in employee securities. Structure and implement leveraged ESOP transactions.

Plan Administration and Compliance

Draft qualified retirement plan documents and maintain tax-qualified status of the plans through submission to the IRS. Coordinate with clients and third-party administrators the ongoing administrative, accounting and fiduciary issues involving the qualified retirement plan.

Advise on plan operations, including amendments, plan terminations, QDROs, voluntary compliance programs (VCP) and benefit claims.

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