A properly designed plan should include all tax benefits and business efficiency benefits available to a Qualified Plan. The Planning and Design phase involves conferences and informal discussions with Company management to identify specific objectives, budgeting restraints and basic provisions for the Company's Plan. RSG's staff can then assist in designing a new plan or redesigning your existing plan by making suggestions that are tailored to your particular situation. Steps taken in this initial development phase may include:

• Review of the Company's history, nature of business, management objectives, personnel policies, employee turnover experience, and all factors affecting the employee workforce.
• Analysis of employee data, as submitted by the Company, to estimate benefits and contributions under various plan formulas.
• Testing of allocations under various formulas and projections of benefits for defined contribution plans.
• Preliminary testing to determine governmental compliance of the plan.
• Development of plan design specifications, including such factors as eligibility, vesting, benefit formula or allocation formula, retirement dates, and distribution methods.
• Preparation of a clear and concise report for Company management, outlining the recommended plan, contribution and/or benefit amounts