About Compensation Systems, Inc.
In business since 1971, Compensation Systems Inc. (CSI) is a leading firm in designing and administering business retirement plans. With our comprehensive services, up-to-date expertise and personal attention to detail, CSI partners with individuals and companies in preparing a financial roadmap, helping to identify, document and manage their retirement planning goals and preparing for all possibilities. We simplify administration, compliance, and plan operation. We provide valuable resources and provide an open, trusted long-term relationship, complementing any HR department. Our obligation is to our clients, helping them make the best, informed financial decisions regarding their retirement goals and dreams.
Why Work with Us
Having the right retirement plan is vital to your company's success. Your employer depends on it. And you need it to continue to attract and retain the best available workforce. But retirement plans are complex and time consuming to manage properly. With these high stakes, you need to feel confident in your retirement plan consultant.
Retirement Plan News
Changes in retirement plan trends and laws are common. Our Retirement Plan News keeps your up to date.
Curbing Enthusiasm for Plan Loans
Situation: We allow our employees to borrow against their 401(k) plan account balance. We understand that the ability to take out a loan can reassure employees that they have access to their account assets if they need them and can increase plan participation and contribution rates.
Frequently Asked Questions
We will try to ease your confusion and help you better understand the ins and outs of your retirement plan.
If employee is still working at age 70 ½, must he or she take a RMD?
The answer is no. A participant who has terminated employment and attained age 70 ½ is required to begin taking minimum distributions, known as required minimum distributions (RMDs).