Consulting Services – Set Up Self-directed Defined Benefit Plan

Description

Do you want to know:

“How Do I Set Up a Self-directed Defined Benefit Pension Plan?”

“How Do I Invest In Real Estate in a Defined Benefit Plan?”

If you are just in the information gathering phase of your research, please utilize the free resources available on this site.

If you want to set up a new self-directed defined benefit pension plan or if you want to find out if you can self-direct your existing DB plan, please purchase this consulting service. Your time is valuable. I’m sure you can figure it all out if given enough time, but I can save you that time.

Scope of Project: 

Implementation of a Self-directed Defined Benefit Plan (SDDB Plan)

1. Education: Do’s and Don’ts of SDDB Plans
2. Education: SDDB Plans, Role of Trustee, Fiduciary Responsibility, Actuarial Expectations, Self-assessment: Is a self-directed defined benefit plan right for me/my business?
3. Existing DB Plan: Determine if existing TPA is capable of administering a SDDB Plan. Review Model Pension Documents.
4. Existing DB Plan: Advocate on your behalf with the current TPA.
5. Existing DB Plan: facilitate transfer of administrative responsibility to a new TPA and Actuary.
6. New Plan: Facilitate implementation of Pension Administration agreement with TPA experienced with alternative investments.

The scope of project may be modified from time to time by mutual agreement. We will each sign off on amendments to the scope of project.

Fees: 

I charge a flat fee of $500 for this service. I expect this project to take a total of 2 to 3 hours of my time. Much of this is purely educational. There will be separate charges from the pension administrator. Plan setup fees and administration fees are with 3d parties and are outside the scope of this agreement. 

Additional consulting services beyond the scope of this agreement will be billed at $250 per hour. Examples include Annual Review of Pension Plan beyond that addressed in your Pension Administration Agreement.

Consulting time may be purchased in the online store in 15-minute increments.

Costs and Expenses: 

I do not anticipate any additional costs and expenses necessary to complete this project (postage, shipping, travel, etc.) If necessary, expenses will be passed on at cost.

Billing: 

The consulting fee must be paid prior to the start of any work.

Completion Time: 

Completion of this project will be a priority, but phone calls, meetings, and delivery of documents from third parties is outside of my control.

Payment: 

Payment may be made by credit card in the online store. Payment constitutes acceptance of this Scope of Project.

Termination: 

You have the right to terminate our business relationship at any time. Unused consulting time will be refunded at the $250 per hour rate. Needless to say, I hope any such action would be preceded by a conversation. I have the same right regarding termination. 

If you have any questions or suggestions with regard to anything set out above or any other aspects of our business relationship, please feel free to contact me. Otherwise, if all appears to you to be in order, payment constitutes agreement to the terms of this agreement.

I am pleased to have the opportunity to begin a relationship with you, and look forward to working closely with you.

Very truly yours,

Thomas Rutkowski

President

Innovative Retirement Strategies, Inc.