ZHAI & WANG LLP - Certified Public Accountants

Employee Benefit Plan

Beyond their paychecks, your employees look to you to provide a comprehensive package of benefits for themselves and their families. In fact, offering a competitive package of benefits often means the difference between attracting new employees and losing them to other employers - retaining valued workers or seeing them leave to go elsewhere. Moreover, many small business owners find to utilize powerful qualified pension plan will not only save significant tax for their business, but also provide tax free contribution to their wealth immediately.

Zhai & Wang understands all of the issues related to creating an employee benefit plan that meets your company's objectives. We provide qualified pension plan accounting and tax services to all types of businesses - from small, start-up companies to long-established firms.

Plan Consulting Services

Our experienced professionals are trained to provide you with a wide array of plan consulting services. In the design phase, we prepare various plan illustrations so you can see how your plan would work, before it is adopted.

In addition to plan design and administration, we provide consulting services related to:

Plan termination
Correction of plan qualification issues under various
IRS corrective programs
Plan testing assistance
Assistance with Department of Labor issues
Verification of benefit amount under defined benefit plan

Plan Documentation Services

If you need plan documents, we can create them, fully customized to fit your needs. Zhai & Wang document preparation services involve providing you with everything from simple forms to a completed and qualified plan:

Plan adoption agreement and trust
Standardized profit-sharing, and 401(k) plans
Age-weighted and new comparability plans
Defined benefit plans
Notice to employees
Summary plan description
Administrative forms
IRS forms
Plan amendments and restatements

Accounting/Recordkeeping Services

As a certified public accounting firm, Zhai & Wang can assist you with ongoing plan accounting and administration responsibilities, as well as ensuring compliance with your plan document and legal reporting requirements. These responsibilities include:

Collection and review of employee census information
Posting of employee salary deferral contributions
Allocation of employer contributions and forfeitures
Reconciliation of trust assets and posting of investment earnings
Preparation of IRS forms
Calculation and testing compliance with all applicable discrimination tests
Defined benefit valuation services
Nonqualified Plans

Nonqualified Plans

For company who seeks alternative ways to attract or keep valuable employees, we will design and implement various IRS allowed benefit to maximize benefit to either employer or employees through:

Deferred compensation plans
105 medical reimbursement plans
129 dependent care plans
127 educational assistance plans
125 cafeteria plans


		Financial Services

		Employee Benefits

		Retirement Planning

		Education Planning

		Risk Management

		Estate Planning