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Crown Benefits, Inc.

CROWN BENEFITS, INC.

 

Crown Benefits is a Third Party Administration of Retirement & Pension 401(k) Plans. Crown Benefits specializes in the Small Business Retirement Plan market.  Crown Benefits was co-founded by industry veteran Dianna Simmons.  Crown Benefits has over 40+ years of experience in Third Party Administration of Retirement & Pension 401(k) Plans. The Crown Benefits team strives for lasting and positive relationships with our clients.  Crown Benefits located in Los Angeles, California recognize that being available to promptly answer questions and address concerns is of vital importance.

 

Crown Benefits supports its financial advisors by offering objective consulting as well as retirement plan design and 401(k) administrative services.   Crown Benefits does not sell or recommend investments or insurance products.  Crown Benefits only focus is strictly on Small Business Retirement Plan Administration.

 

Our Services

 

Expert Plan Design and Administrative Services

Crown Benefits retirement plan design and administration services include a continuing commitment to effective communication with our clients.

 

Free Consulting Services   

Crown Benefits provide free consulting services to our clients, including an illustration of an employer’s plan design options to include contributions and benefit projections.  We are prepared to help the business and its advisors decide on the appropriate plan for the company.

 

Hands-On Support

Crown Benefits guides its clients through all phases of plan design, takeover, installation, and ongoing administration.


To find out which retirement plan is right for you, call us at (310) 665-0578.

 

Quick stats

  • Type: Private
  • Industry: Financial Services, Insurance, and Banking
  • Founded: 1972
  • Founders: Dianna Simmons
  • Employees: 5
  • Web site: http://crownbenefits.com

Locations

  • 6080 Center Drive, 6th Floor
    Los Angeles, California 90045
 

Documents

  • 401 (k) Plans
  • Cross Tested Profit Sharing Plans
    Cross Tested Profit Sharing Plan – The goal of this type of plan is to maximize benefits for a group of employees (usually owners) while minimizing the contributions required for other groups (usually non-owners). Employees are divided into groups (or classes) with set contribution rates for each group.
  • Defined Benefit Plans
    “Owner-Only” Defined Benefit Plan: annual contributions as high as $200,000.
  • Cross Tested 401(k) Plans
  • Cash Balance Plans
    Cash Balance Plan – A Cash Balance plan is a defined benefit plan that specifies both the contribution to be credited to each participant and the investment earnings to be credited based on those contributions. Each participant has an account that resembles those in a 401(k) or profit sharing plan. Those accounts are maintained by the plan actuary, who generates annual participant statements.
  • Safe Harbor 401(k) Plans
    Safe Harbor 401(k) Plan – This plan is similar to the traditional 401(k) plan with the exception that highly compensated employee contributions are not limited by the discrimination testing. The employer must either make a 3% Safe Harbor non-elective contribution or a Safe Harbor match contribution of at least 100% of compensation on the first 3% deferred by the employee plus 50% on the next 2% deferred. Both of these Safe Harbor contributions are 100% vested immediately.