advisors

Defined Benefit Plans


Summit Benefit & Actuarial Services, Inc. has been providing actuarial and benefit consulting and administration for many years. Our staff of experienced and credentialed actuaries and benefit professionals is well versed in the complexities of plan design, administration, and operational compliance and reporting.

The single most relevant statistic about the strength of out firm is the number of defined benefit (including cash balance) plans that we work on annually – about 800 plans! This number puts our firm in the top 10 actuarial firms in the country.

As one of the leaders in the industry we specialize in both cash balance and defined benefit plan design. We will take your client’s financial goals and craft a retirement plan or a combination of retirement plans in order to meet them. We do everything in house, from creating the plan document, to the annual actuarial valuations and required accounting disclosures Summit is a full service Third Party Administrator.

We do not sell investment or insurance products; our expertise is strictly in the navigation of the complex laws and IRS regulations that surround qualified plans. We pride ourselves in listening to our clients and creatively designing qualified plans that maximize their business objectives.

Feel free to call Norman Levinrad at (800)-643-6352 x 311; to discuss our pension services, or to request references.

Defined Contribution Plans


Summit Benefit & Actuarial Services, Inc. has been providing actuarial and benefit consulting and administration for many years. Our staff of experienced and credentialed actuaries and benefit professionals is well versed in the complexities of plan design, administration, and operational compliance and reporting.

We work with a wide variety of plan types and investment platforms. We do not sell investment or insurance products; our expertise is strictly in the navigation of the complex laws and IRS regulations that surround qualified plans. We pride ourselves in listening to our clients and creatively designing qualified plans that maximize their business objectives.

We provide clients with full-service, hands-on administration of 401(k) and 403(b) plans. We collect data electronically from our clients each payroll period to review for eligibility and accuracy, and assist with submitting the information to the investment house or broker.

We will take your client’s financial goals and craft a retirement plan or a combination of retirement plans in order to meet them.

Feel free to call Jeff Curl at (800)-643-6352 x 312; to discuss our pension services, or to request references.

The Affordable Care Act


Summit's ACA service exists to support advisors in providing excellent service for their clients. We strongly believe that the level of service and expertise we provide to advisors cannot be matched. Our fixed fee approach means that advisors may call any time for support, free of charge. As a CEFEX certified firm, advisors are assured that Summit meets our industry’s best practices, as defined by the American Society of Pension Professionals and Actuaries.

We work closely with advisors like yourself and would like to propose an opportunity where we would team up to help your clients with their Affordable Care Act compliance, tracking, and reporting. We’d like to share Summit’s unique approach to solving the challenges that employers face in complying with the Employer Mandate. ACA compliance presents a challenge for each member of a leadership team; it is a complex task that far exceeds the HR department. Our full-service service model manages every aspect of compliance for our clients.

Beyond filing forms at the end of the year, we work closely with our clients each month, monitoring their employee data. We advise our clients throughout the year, enabling them to make decisions with confidence and avoid penalties. We are highly responsive experts who earn the trust of our clients.

We’d love the opportunity to show you how we do all of this!

Read more about how Summit helps Advisors with the ACA here.

Contact us through ACAPro@SummitBenefit.com for more information.

Summit's ACA Service Detail: Tailored ACA Services | More ACA Information | Employer ACA Guide | Request a Quote
Summit's ACA Services Flyer