Retirement Administration Board Promotes Dan Harding to VP

LOS ALTOS, Calif.--(BUSINESS WIRE)-- The Board of Directors of Retirement Administration, Inc. announces that Dan Harding has been promoted to Vice President of the firm. Retirement Administration, Inc. (RAI) provides design, reporting, record keeping and consulting services for retirement plans. Sam Harding, who founded RAI in 1978, says, “After working with Dan for over a year, I am impressed with his knowledge of the retirement business, which has become increasingly complicated in recent years.” In the past year, Dan has garnered a number of designations, including Certified Cash Balance Consultant, 1 out of only 121 in the U.S.

With nearly a decade of experience in commercial real estate investments and mortgage consulting, Dan has a broad scope of industry knowledge. He has worked with a number of companies such as Marcus & Millichap, JP Morgan, Chase, Wells Fargo and Bank of America. “I am honored that the RAI Board has elevated me to the position of Vice President,” says Dan.

Providing comprehensive services for all types of retirement plans, RAI has a staff of eight well-trained, service-oriented professionals, who work to create and maintain the retirement plans that best meet the financial retirement goals of business owners and their employees. RAI’s goal is to help employers reduce taxes through well designed benefit programs. The firm places special emphasis on effective communication and monitoring of the complex regulations that govern retirement plans.

RAI works with a wide array of retirement plans including 401(ks), which are great for attracting and retaining employees; Cash Balance Plans, which are an ideal tool for business owners, who want to defer taxes and “catch up” on their retirement savings by contributing up to $250,000 per year (Cash Balance Plans need to be set up by December 31st, but they can be funded when the tax return is due); Defined Benefit Pensions, which are designed to provide a specific benefit amount at retirement; Deferred Compensation Plans, where highly compensated individuals can defer taxable compensation; and Profit Sharing Plans, which allow for the largest share of the company’s contribution to be allocated to the owner and or key employees. Types of Profit Sharing Plans include Age Weighted, Integrated, Tiered and New Comparability, which maximizes contributions to owners and highly compensated employees while minimizing those for other employees.

For Retirement AdministrationBarbara Lewis, 818-784-9888[email protected]

Source: Retirement Administration, Inc.