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. While
we perform all of the services listed below, the actual services that
we provide will vary from client to client depending on several
factors including the type of plan involved, the investment product
chosen and the investment advisor involved. 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:
- Reviewing the employer's controlled group and/or affiliated
service group situation.
- Designing a plan tailored to meet 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.
- Preparing Plan documents as required by the IRS for your
attorney�s review.
- Preparing the request for an IRS determination letter, if
applicable.
- Preparing the Summary Plan Description for distributed to plan
participants.
- Preparing customized enrollment and administrative materials as
needed.
- Assisting with employee meetings to communicate the provisions
of the plan.
Defined Contribution Plan Recordkeeping
and Administration
We perform the following services in order to provide smooth and
efficient plan operation:
- Calculating employee eligibility and plan entry.
- Maintaining participant vested percentage records.
- Processing each payroll, allocating contributions and loan
payments according to the participant's investment elections.
- Processing fund transfers in accordance with participant
elections.
- Determining eligibility for allocation of employer contributions
and forfeitures.
- Allocating employer and employee contributions.
- Allocating plan earnings.
- Allocating forfeitures, if applicable.
- Processing distributions: Calculate distribution amount, prepare
required distribution notices, release forms and IRS Form 1099-R.
- Processing loans: Set up of loan accounts, preparation of
promissory note and amortization schedule and tracking loan
repayments.
- Processing hardship withdrawals: Determination of hardship
distribution amount and preparation of application forms.
- Reconciling trust accounts.
- Preparing customized participant statements.
- Monitoring 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:
- Calculating employee eligibility and plan entry.
- Maintaining participant vested percentage records.
- Determining eligibility to receive benefit accrual.
- Preparing annual actuarial report and certification.
- Determining funding parameters including calculating amounts
needed to meet minimum funding requirements and maximum deductible
contribution amounts.
- Preparing of individual benefit statements.
- Processing distributions: 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:
- Calculating contribution deductibility (�404).
- Determining compliance with maximum annual additions limitations
for defined contribution plans (�415(c)).
- Performing top heavy testing (�416).
- Performing coverage testing (�410(b)).
- Performing ADP/ACP testing (applicable to 401(k) plans).
- Preparing IRS Form 5500 and related schedules.
- Preparing Summary Annual Report for participants.
- Preparing appropriate PBGC form (for defined benefit plans
only).
Consulting Services
- Preparation of Plan amendments for our clients� attorney review.
- Assist with IRS, PBGC and DOL audits.
- Provide assistance with plan design changes.
- Conduct special plan or participant benefit studies or
projections upon request.
- Assist with Plan terminations, mergers and spin-offs
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