ezActuary®- The Actuary at Your Fingertips

<body background="images/whitebackwithborder2.gif"> <p align="center"><img src="images/ezwbkg.gif" alt="ezActuary - The Actuary at Your Fingertips" border="0"></p> <p><b><font face="Arial" size="2">Welcome to ezActuary.net!</font></b></p> <p> <font face="Arial, Helvetica, sans-serif" size="2">ezActuary.Net provides on-line actuarial software that helps you in your financial planning. Take a look at what your retirement plan may be worth if you want to make changes. For Certified Public Accountants, we provide on-line adoption of defined benefit pension plans. The ezActuary®plan is a prototype, defined benefit pension plan. All pension plans fall into one of two categories: defined contribution plans and defined benefit plans. The difference between these two categories is in the type of benefit provided by the plan. A defined contribution plan provides for a periodic contribution from the employer and/or a periodic contribution from the employees. This contribution is put into one or more individual accounts on behalf of each employee and, over time, the individual accounts grow with additional contributions, interest, dividends, and investment gains. A defined benefit plan provides for a specific monthly benefit payable upon retirement. This benefit is usually based on a mathematical formula, which takes into account the employee’s service with the employer and, in many cases, his compensation from the employer. Sometimes, the formula is based on an average of the employee’s highest three or five years of compensation. </font></p> <p> <font face="Arial, Helvetica, sans-serif" size="2">Under federal law, there are many rules and regulations that govern both defined contribution and defined benefit pension plans. In addition, some rules apply only to defined contribution plans and other rules apply only to defined benefit plans. In both cases, the plan must have a legal document that sets forth the rules and regulations that apply to that specific plan. Some employers hire an attorney to draft a customized legal document for their pension plan. Because this process can cost several thousand dollars, many small employers use what is known as a prototype plan. With a prototype plan, there is a “master” plan legal document that sets forth the basic rules and regulations for the pension plan. In addition, each employer who uses the prototype plan must sign an “adoption agreement.” The adoption agreement indicates the employer’s intention to adopt the master plan and describes the features of the master plan that are unique to that employer. For example, the adoption agreement might define the retirement age and the retirement benefit formula that will apply. Many banks, insurance companies, and investment firms offer prototype, defined contribution plans to small employers. However, it can be difficult to find an institution that offers a prototype, defined benefit plan. The ezActuary®site was established to provide small employers with an affordable prototype, defined benefit plan. </font></p> <p> <font face="Arial, Helvetica, sans-serif" size="2">The ezActuary®plan is a regional prototype plan maintained by Southern Actuarial Services Company, Inc. The ezActuary®plan has been approved by the Internal Revenue Service (IRS) for sponsoring employers. A copy of the IRS approval letter is available here. All services provided in connection with the ezActuary®site are provided by ezActuary, Inc. which is a Georgia corporation located in Atlanta, Georgia and whose mailing address is P. O. Box 888343, Atlanta, Georgia 30356-0343. </font></p> <p align="center"><a href="http://www.ezactuary.net/faq.asp">Pension Plan FAQ</a></p> <p align="center"><a href="http://www.ezactuary.net/equiv.asp">Actuarial On-Line Software</a></p> <p align="center"><a href="http://www.ezactuary.net/gatt.asp">GATT</a></p> <p align="center"><a href="http://www.ezactuary.net/sse.asp">Social Security Benefits</a></p> <p align="center"><a href="http://www.ezactuary.net/Contactus.asp">Contact Us</a></p> </body>