We are a third party retirement plan administration company with over forty years of experience in the qualified plan field. We have a complete professional staff of pension consultants and administrators. We administer thousands of plans throughout the United States and have among our clients: Law Firms, Accounting Firms, Medical Corporations, Banks, Trade Associations, Agricultural Corporations and all kinds of small businesses.
We provide independent professional assistance to you, your accountant, attorney and investment advisor. Each plan is custom designed based on the desires and objectives of your company. Pension and Profit Sharing plans are continually reviewed and if changes occur that make revision advisable, practical alternatives are presented by our consultants.
We provide independent professional assistance to you, your accountant, attorney and investment advisor. Each plan is custom designed based on the desires and objectives of your company. Pension and Profit Sharing plans are continually reviewed and if changes occur that make revision advisable, practical alternatives are presented by our consultants.
Services
About Us
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Hicks Pension Services was established in 1968 by founder, Dave Hicks. Hicks Pension Services has nothing to do with selecting and managing investments. Instead, the firm deals with the administrative end of employee benefit plans such as preparing employee statements, insuring the benefit plans meet all federal regulations and preparing all required government forms.
Fresno Office
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Kristina graduated summa cum laude from California State University, Fresno. She is an Accredited Pension Administrator (APA) and Member of the National Institute of Pension Administrators (NIPA). Kristina specializes in Defined Benefit and Cash Balance Plans. She has been with Hicks Pension Services since 2015.
San Luis Obispo Office
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David graduated from UCLA with a Bachelor's Degree in Economics and from Cal Poly San Luis Obispo with a Masters Degree in Finance. David joined the firm in 1981. Shortly thereafter he established an office in San Luis Obispo, California which has subsequently grown to become the largest plan administration firm between Los Angeles and.
Types Of Plans
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The most popular plan available today. In this plan, an employee chooses an amount to contribute each pay period from his paycheck. This amount is taken out of the paycheck on a pretax basis, so the employee immediately defers taxation. The earnings on the deposits also accumulate tax deferred. An employer may also match the employees' deferral, usually as a percentage of the amount contributed.
Faq
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Do I have to report all my employees to you? Yes. Form 5500 and the Schedule R require you to answer questions about all your employees, not just the ones that met the eligibility requirements of your plan. Why do I have to report the hours each employee worked to you?
IRS Discrimination testing divides employees up into three groups, those that work 1,000 or more hours in a year, those that work 500 - 999 hours in a year and those that work less than 500 hours in a year.We need their actual hours to put them in the proper group and to determine whether or not they accrue a benefit and/or vesting service.
IRS Discrimination testing divides employees up into three groups, those that work 1,000 or more hours in a year, those that work 500 - 999 hours in a year and those that work less than 500 hours in a year.We need their actual hours to put them in the proper group and to determine whether or not they accrue a benefit and/or vesting service.
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