Witt Mares Pension Designs
In today's marketplace, employees often expect some type of retirement program from their employer as an essential benefit. With a competitive job market, employers recognize the necessity of offering a retirement program to attract, reward and keep loyal and productive employees.
Qualified retirement plans are one of the few remaining tax shelters, where companies receive an up-front deduction and the participants do not pay any taxes until they receive the funds, allowing the money to grow tax-free.
Witt Mares Pension Designs, a third party administrator, provides quality retirement plan consulting and administration services to businesses throughout Virginia. Currently, Pension Designs administers or consults with over 150 qualified retirement plans.
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- 401(k) including Traditional, Simple, and Safe Harbor
- Profit Sharing
- Money Purchase
- ESOP
- Age Weighted
- New Comparability
- 403(b)
- Independent consulting for existing and new benefit plans
- Fiduciary compliant consulting
- Executive compensation plan design
- IRS and Department of Labor audit preparation

Clients range in size from small offices to companies with 1000+ employees. The most common retirement plan clients are 401(k) plans, profit sharing plans, defined contribution plans and money purchase plans. These include some plans with age-weighted, new comparability and ESOP provisions.
With seven major qualified plan options currently available, and many different ways to design those plans, the selection of a plan can be confusing. Let our Witt Mares Pension Designs staff assist you in choosing the best plan for you. Then we will customize a program that fits your company's needs as well as your own.
For more information on which option is right for you and your company, contact Anna Hunter at ahunter@wittmares.com or (757) 873-1587.
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Industry-Related Websites
- Internal Revenue Service
- Department of Labor
- ASPPA - American Society of Pension Professionals and Actuaries
Retirement Planning Resources
- Summary of Plan Options
- Retirement Planning Annuity Calculator
- 2007 Annual Dollar Limits
- Frequently Asked Questions
- Benefit Limits
- Plan Comparison
Offering a retirement program is vital to attracting, rewarding and keeping good employees.
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