NRPTC National Retirement Plans Training Conference, Inc. PO Box 2614, New Brunswick, NJ 08903 Phone:  1-800-438-1737 or (732) 636-2400 | Fax: 732-636-3323 We've Got Plans for You

Our Approach:

The Unique NRPTC Approach

Most individuals and small business owners look to one or more of several resources when they want to adopt an IRA or small business retirement plan.

Investment Resources such as:

·       Banks

·       Mutual Fund Companies

·       Brokerage Firms

·       Insurance Companies

·       Credit Unions

·       Investment Advisors

·       Plan Administrators

·       Pension Consultants

NRPTC is none of these.  It’s an educational resource and document provider.  But its primary function is to provide its members and their advisors with ways in which its tax-favored savings plans can be used to the greatest advantage.

How Does It Work?

Any individual, business owner, financial institutions, tax or financial advisor may join NRPTC.  Some join simply to have a resource for answers to retirement plan related questions.  But most join to gain access to NRPTC’s prototype retirement plan documents, which are only available to active members.

NRPTC simply provides its documents.  They are not linked to any trust investment or administrative services.  Adopting business owners may either use commercial trust services, or become their own trustees.  They may either use professional plan administration services or administer the plan themselves.

The NRPTC Difference

Here are a few examples of why some employers have adopted NRPTC prototypes.

1.     To gain access to a more flexible document.

a.  An employer likes the investments available through a particular financial organization but their prototype profit sharing plan is less flexible than the NRPTC document.

Feature                                                Their Document                       NRPTC Prototype

In-Service Distributions          Only after age 59 1/2               Several Options Available

Loan Provisions                      No                                           Yes

Vesting Provisions                  Immediate                                Immediate or Graduated

After-Tax Contributions          No                                           Yes

Investments                              Only with provider                  Unrestricted

Top Heavy Provisions            Always deemed top heavy      Deemed or Tested

2.  To switch the investment resource without restating to a new document.  Recently the value of holdings have declined in several sizable mutual fund companies that had been active in the offering of small business as the result of their engaging in disreputable activities.  In order to switch investments their clients were forced to restate to documents of other providers.  No such restatement would be required of employers that had adopted NRPTC prototypes.

Reasons Why Employers Select NRPTC Documents

1.  The documents are more flexible than those offered by their investment resource.

2.  The documents are less costly than those provided by pension consultants and administrators.

3.  The NRPTC document support staff is more knowledgeable than their counterparts at the employer’s investment provider.

4.  NRPTC doesn’t try to force employers into a particular document type because it’s all they offer or all they understand.

5.  The NRPTC prototype SEP can be paired with the employer’s profit sharing plan.

6.  Some employers can contribute more under the NRPTC documents than under other prototypes.

7.  Some employers are able to allocate a larger portion of the contribution to owners’ accounts under the NRPTC documents.

Reasons Tax or Financial Advisors Join The Advisors Network

1.  They are able to help clients adopt provisions that permit larger contributions.

2.  The documents are available on three levels: simplified; standard; and flexible.  This accommodates the needs of more clients.

3.  NRPTC has made them aware of the non-recognized benefits of adopting SEPs and QUASEPs.

4.  NRPTC has made them aware of the value of making after-tax contributions.

5.  They are pleased that such flexible and well-designed documents are available at such a reasonable cost.

6.  They appreciate being able to ask plan related questions of the NRPTC technical staff.

7.  They are able to recommend investments without restrictions.