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.
Plan Design and Implementation
Selecting, customizing and implementing a plan can be
a complex process. Our professional staff will guide you through each
step of the process including:
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Review the employer's controlled group and/or
affiliated service group situation.
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Design a plan tailored to the needs of the owners,
employees and the business itself.
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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.
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Prepare plan documents as required by the IRS.
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Prepare the request for an IRS determination letter,
if applicable.
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Prepare the Summary Plan Description required to be
distributed to plan participants.
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Prepare customized enrollment and administrative
materials.
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Conduct employee meetings to communicate the
provisions of the plan.
Defined Contribution/401(k) Plan
Recordkeeping and Administration
We perform the following services in order to provide
for smooth and efficient plan operation:
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Calculate employee eligibility and plan entry.
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Maintain participant vested percentage records.
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Process each payroll, allocating contributions and
loan payments according to the participant's investment elections.
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Process fund transfers in accordance with
participant elections.
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Determine eligibility for allocation of employer
contributions and forfeitures.
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Allocate employer and employee contributions.
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Allocate plan earnings.
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Allocate forfeitures, if applicable.
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Distribution processing: Calculation of distribution
amount, preparation of required distribution notices, release forms
and IRS Form 1099-R.
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Loan processing: Set up of loan accounts,
preparation of promissory note and amortization schedule and
tracking loan repayments.
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Hardship withdrawal processing: Determination of
hardship distribution amount and preparation of application forms.
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Reconcile trust accounts.
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Prepare customized participant statements.
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Monitor participants who are required to receive age
70’ 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:
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Calculate employee eligibility and plan entry.
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Maintain participant vested percentage records.
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Determine eligibility to receive benefit accrual.
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Prepare annual actuarial report and certification.
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Actuarial determination of required employer
contributions.
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Preparation of individual benefit statements.
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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:
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Contribution deductibility calculations (§404).
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Annual additions testing (§415).
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Top heavy testing (§416).
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Coverage testing (§410(b)).
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ADP/ACP testing (applicable to 401(k) plans).
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Preparation of IRS Form 5500 and related schedules.
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Preparation of Summary Annual Report for
participants.
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Preparation of appropriate PBGC form (for defined
benefit plans only).
Consulting Services
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Plan amendments, terminations and mergers.
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Assist with IRS and DOL audits.
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Provide assistance with plan design changes.
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Conduct special plan or participant benefit studies
or projections.
These are general services
offered by the firm. The services offered to a specific client are
detailed in the client's service agreement. |