The Tax & Accounting business of Thomson Reuters has inked a deal with Thompson Hine LLP to provide clients with custom retirement plans that meet IRS requirements.
The agreement envisions a strategic alliance between the two companies to integrate Thomson Reuters’ AccuDraft plan delivery system with the document content and plan-drafting features of Thompson Hine’s Plan Document System services.
Thomson Reuters’ AccuDraft product line provides retirement plan documentation for employer-sponsored 401(k), 403(b), profit sharing, money purchase, and defined benefit plans.
Thompson Hine, with its PDS services, offers plan document content and drafting services to investment service providers in the employee benefits industry.
By combining PDS’s document-drafting features and Thompson Hine’s experience with the document delivery capabilities of AccuDraft and Thomson Reuters’ experience, the companies aim to provide cost-efficient document services to retirement services providers.
“Many company plan administrators are looking for the most flexible and easy to administer employee retirement plans to meet their particular business situation,” said Keith Haurie, a vice president of the Tax & Accounting business of Thomson Reuters, in a statement. “Although we’ve provided both off-the-shelf and customized retirement plans in the past, our agreement with Thompson Hine allows us to leverage their prestigious staff of employee benefits lawyers to offer a much broader range of customized plans to most effectively meet the unique needs of individual companies. We’re very excited about this forward-looking alliance.”
-- This article first appeared on Accounting Today.