Hicks Pension Services, California jobs and careers

About Hicks Pension Services, California

Hicks Pension Services has nothing to do with selecting and managing investments. Instead, the firm deals with the administrative end of employee benefit plans such as preparing employee statements, insuring the benefit plans meet all federal regulations and preparing all required government forms. Hicks has been a dominant factor in the California and Hawaii pension market. When 401(k) retirement plans came on the scene, employers who had been investing their own money, as trustee of their plan, were afraid to risk employee 401(k) contributions and began offering employees a choice of investment options. The introduction of 401(k) plans also altered Hicks referrals. Prior to 401(k) plans, most referrals came from accountants, but afterward, referrals were also being given by life insurance agents, financial planners and stockbrokers. The firm tries to limit its clients to those with fewer than 500 employees. In addition to the administrative services, Hicks also hosts meetings to explain plans to clients’ employees and offers continuing education credits to CPAs, life agents, attorneys and financial planners. We offer plan administration of 401k Plans, Defined Benefit Pension Plans,403(b) Plans, Cash Balance Pension Plans. We provide independent professional assistance to you, your accountant, attorney and investment advisor. Each plan is custom designed based on the desires and objectives of your company. Pension and Profit Sharing plans are continually reviewed and if changes occur that make revision advisable, practical alternatives are presented by our consultants.