Our Services
Because we are a full service consulting
and administration firm, partnering with us ensures that
the needs of you and your employees will be met. We
offer a full range of retirement plan services. Click
below for details of the services provided.
Selecting, customizing and implementing
a plan can be a complex process. Our professional staff
will guide you through each step of the process
including:
-
Review the employer's controlled
group and/or affiliated service group situation.
-
Design a plan tailored to the needs
of the owners, employees and the business itself.
-
If we are taking over a plan already
in existence, we will review the existing plan
provisions and recommend changes to fully meet the
employer's goals and objectives.
-
Prepare plan documents as required
by the IRS.
-
Prepare the request for an IRS
determination letter, if applicable.
-
Prepare the Summary Plan Description
required to be distributed to plan participants.
-
Prepare customized enrollment and
administrative materials.
-
Conduct employee meetings to
communicate the provisions of the plan.
We perform the following services in
order to provide for smooth and efficient plan
operation:
-
Calculate employee eligibility and
plan entry.
-
Maintain participant vested
percentage records.
-
Process each payroll, allocating
contributions and loan payments according to the
participant's investment elections.
-
Process fund transfers in accordance
with participant elections.
-
Determine eligibility for allocation
of employer contributions and forfeitures.
-
Allocate employer and employee
contributions.
-
Allocate plan earnings.
-
Allocate forfeitures, if applicable.
-
Distribution processing: Calculation
of distribution amount, preparation of required
distribution notices, release forms and IRS Form
1099-R.
-
Loan processing: Set up of loan
accounts, preparation of promissory note and
amortization schedule and tracking loan repayments.
-
Hardship withdrawal processing:
Determination of hardship distribution amount and
preparation of application forms.
-
Reconcile trust accounts.
-
Prepare customized participant
statements.
-
Monitor participants who are
required to receive age 70� distributions.
Defined
Benefit/Cash Balance Plan Actuarial Services and Administration
Our professional staff has the expertise
and up-to-date technology to provide the necessary
actuarial and administrative assistance to manage your
defined benefit plan:
-
Calculate employee eligibility and
plan entry.
-
Maintain participant vested
percentage records.
-
Determine eligibility to receive
benefit accrual.
-
Prepare annual actuarial report and
certification.
-
Actuarial determination of required
employer contributions.
-
Preparation of individual benefit
statements.
-
Distribution processing: Calculation
of distribution amount, preparation of required
distribution notices, release forms and IRS Form
1099-R.
Annual Compliance
Testing and Government Reporting
Our professional staff has the knowledge
and expertise to help keep your retirement plan in
compliance with federal laws and regulations and, should
violations occur, we provide you with methods of
correction:
-
Contribution deductibility
calculations (�404).
-
Annual additions testing (�415).
-
Top heavy testing (�416).
-
Coverage testing (�410(b)).
-
ADP/ACP testing (applicable to
401(k) plans).
-
Preparation of IRS Form 5500 and
related schedules.
-
Preparation of Summary Annual Report
for participants.
-
Preparation of appropriate PBGC form
(for defined benefit plans only).
-
Plan amendments, terminations and
mergers.
-
Assist with IRS and DOL audits.
-
Provide assistance with plan design
changes.
-
Conduct special plan or participant
benefit studies or projections.
|