Services
Because we are a full service consulting and administration firm, partnering with us ensures that the needs of employer and employee will be met. We offer a full range of retirement plan services.
Plan Design and Implementation
Selecting, customizing and implementing a plan is a complex process. Our professional staff will guide you through each step of the process:
- Work with you and your accountant, attorney and advisors to design the best plan for you and your business.
- Incorporate your goals for contribution amounts, simplicity/complexity of design, and employee participation.
- Review any existing plan provisions and recommending changes to meet your goals and objectives.
Defined Contribution Plan Record Keeping and Administration
We perform the following services in order to provide smooth and efficient plan operation:
- Calculate employee eligibility for plan entry and benefits.
- Allocate employer and employee contributions.
- Allocate plan earnings.
- Reconcile trust accounts.
- Prepare customized participant statements.
- Monitor participants who are required to receive age 70½ distributions.
Defined Benefit 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 for plan entry and benefit accruals.
- 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, provide you with methods of correction. We provide the following services, if applicable:
- Determine required and deductible contributions.
- Determine participants' individual minimum and maximum allocations.
- Prepare required coverage and nondiscrimination testing to ensure compliance with IRS regulations.
- ADP/ACP testing as necessary for 401(k) plans.
- Preparation of IRS Form 5500 and related schedules, certify Schedule SB (defined benefit plans), electronically file Form 5500 on plan administrator's behalf.
- Preparation of IRS Form 1099-R and Form 945 for participant distributions.
- Preparation of Summary Annual Report for participants.
- Preparation of appropriate PBGC filings (for defined benefit plans only).
Consulting Services
- Terminations and mergers.
- Assist with IRS, DOL and PBGC audits.
- Provide assistance with plan design changes.
- Conduct special plan or participant benefit studies or projections.