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How it Works

A Straightforward Process For Long-Term Savings

We guide our clients through every step of the process of setting up a Defined Benefit plan.  Our comprehensive and cost-effective solution for Defined Benefit plan owners requires very little of their ongoing time and effort.

Step 1

Complete our free Tax Savings Analysis Form online. It will take you one minute and we will provide you the results quickly.

Calculate My Tax Savings

Step 2

We walk you through your results and recommend the best plan for your circumstances.

Step 3

Submit the Plan Set-Up Questionnaire to our pension administrator and sign your plan’s Adoption Agreement.

Step 4

Open an investment account, fund your plan, and pick your investments (we help you do this).

We Work Together Throughout the Process to Ensure You Save And Invest The Maximum Possible For Your Situation

What We At Orion Do

  • Formulate, in consultation with you, your plan’s investment strategy
  • Design, construct and implement agreed-upon investment strategy
  • Provide ongoing management of investment portfolio, including trading, rebalancing and periodic performance reporting
  • Discuss with you any investment matters of interest or concern to you

What Our Plan Administrator Does

  • Designs your plan using its proto-type plan document (with IRS opinion letter)
  • Prepares actuarial calculations for your plan
  • Provides the actuarial certification that makes your contributions tax deductible
  • Prepares and annually files Form 5500 for your plan
  • Completes annual actuarial valuation of your plan
  • Does any consulting work requested by plan owner

What You Do

  • Provide our pension administrator the information required to establish your Defined Benefit plan
  • Open up your plan’s investment account (we help you do this)
  • Make annual tax-deductible contributions to your plan (we help you do this)
  • Enjoy significant tax savings along with a rapidly growing retirement nest egg

What Does A Defined Benefit Plan Cost?

Fees and Services

We offer a cost-effective and comprehensive Defined Benefit plan solution.

Our pension administrator creates a customized Defined Benefit plan designed specifically for each individual plan owner. Unlike SEP-IRAs and 401(k)s, Defined Benefit plans are not one-size-fits-all plans. DB plans are unique and customized to the plan owner's circumstances. Therefore, they do have expenses associated with set-up and on-going administration. The costs of DB plans, however, pale in comparison to the tax savings they enable.

If you have your plan documents drafted and drawn up from scratch by your own actuary and tax attorney, costs will likely increase. At Orion, we hold down costs in this regard by using a prototype plan developed and implemented by our pension administration partner. These plan documents are already in use with existing plan owners and are familiar to the IRS. Using a prototype plan is both a very cost-effective and straightforward solution for our clients. All fees detailed below are tax-deductible.

Defined Benefit Plan


Plan Design & Document Preparation - First Year Only

$1,250 — Business Owner

$250  — Each Additional Participant

Annual Administration Fee - Including First Year

$1,950 — Business Owner

$150  — Each Additional Participant

Annual Investment Management Fee

0.6% - 1.0% - Varies based on plan assets

Testing Fee

$200

401(k) Plan


Plan Design & Document Preparation - First Year Only

$200 — Business Owner

$250  — Each Additional Participant

Annual Administration Fee - Including First Year

$550 — Business Owner

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Annual Investment Management Fee

0.6% - 1.0% - Varies based on plan assets

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Cash Balance + 401(k) Plan


Plan Design & Document Preparation - First Year Only

$3,500 — 2 to 5 Participants

$150  — Each Additional Participant

Annual Administration Fee - Including First Year

$4,300 — 2 - 5 Participants

$150  — Each Additional Participant

Annual Investment Management Fee

0.6% - 1.0% - Varies based on plan assets

Testing Fee

$650

Is a DB Plan Right For You?

Defined Benefit plans deliver huge savings for professionals in the right situation.  Find out if this powerful tool can work for you.

Learn More

How Much Are Others Saving?

Read our Case Studies showing how DB plans can enable self-employed professionals to save tens of thousands of dollars in tax each year.

Read More

How Much Can You Save?

With just a few pieces of information, we can provide you with a customized, preliminary proposal to cut your taxes and increase your retirement savings.

Calculate My Tax Savings