Employee Benefits Planning

Regardless of the nature of your business, your employees are among your greatest asset. Creating a responsive and respectful employee benefit/deferred compensation plan can solidify a relationship, build employee confidence and motivate performance.

Matching your business needs with your employees wants is a critical balancing act that requires thorough research and earnest compromise. IFS helps you evaluate all options and design your company’s employee benefit programs to be mutually advantageous.

There is a solution and we’ll help you find it.

Plan design and implementation

The complicated task of designing and implementing an employee benefits/deferred compensation program demands a dispassionate analysis of the available options to minimize cost to the business and maximize employee satisfaction. IFS works diligently with clients to define goals and set reasonable parameters, in order to stitch together a fully-realized plan. We provide valuable information, insight and recommendations with the goal developing an employee benefit/deferred compensation program most appropriate for your employees, with the assurance that all government regulatory agency mandates are addressed.

Services in this area include:

• Analysis of total employee compensation packages

• Feasibility studies for new and existing retirement plans

• Assistance in drafting plan documents and amendments

• Consultation on fringe benefits – life insurance, medical benefits, disability, cafeteria plans, company cars

• Review of benefit plan insurance policies

• Benefit orientation sessions for employees

Plan administration

Designing and implementing your plan is just the first step. Effective plan administration is an on-going challenge that easily falls beyond the scope of many HR departments. In addition, as plan beneficiaries, a conflict-of-interest dynamic is established when an internal employee takes on administration responsibilities.

IFS also provides administration services that encompass a wide range of on-going needs, including:

• Ongoing analysis to ensure your plan complies with changing laws and maintains its qualified (tax-advantage) status

• Trust accounting, including asset valuation

• Preparation of reports for filing with various government agencies

• Preparation of reports to participants

• Preparation of forms for terminated participants

• Ongoing analysis to ensure the employer’s goals and the employee’s needs are being met

All plans are subject to audits by the IRS, Department of Labor and the Pension Benefit Guaranty Corporation. Should an audit be initiated, IFS is well-qualified and experienced to represent your interests before any of these agencies.


IFS is a professional accounting firm which is dedicated to maintaining the highest standards of financial management and reporting. We are on constant guard to ensure that our clients use the complex tax code to their best advantage, as well as eliminating potential tax pitfalls.


Read More


Income Tax Prep

The complexity of the current tax code demands the experience and knowledge of a tax professional when preparing business and personal income tax returns. Our CPAs and tax professionals at IFS are dedicated to legally and appropriately minimizing tax liabilities for our clients.


Read More


Financial Planning

Whether you are conservative or aggressive in your approach to financial management, IFS’s team can help you make the right moves, at the right times, with the right resources. Our financial planning services take every aspect of your financial landscape into account and devise the most appropriate scenarios for your review prior to moving forward.

Read More