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
Defined Contribution Plan Recordkeeping and Administration
Defined Benefit Plan Actuarial Services and Administration
Cafeteria Plans
Annual Compliance Testing and Government Reporting
Pension Valuation for Divorces
Consulting Services

 

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:

  • Review the employer’s controlled group and/or affiliated service group situation.
  • Design a plan tailored to meet the needs of the owners and employees.
  • Review any existing plan provisions and recommend changes to meet objectives.
  • Prepare plan documents as required by the IRS.
  • Prepare the request for an IRS determination letter, if applicable.
  • Prepare the Summary Plan Description to be distributed to plan participants.
  • Prepare customized enrollment and administrative materials.
  • Conduct employee meetings to communicate the provisions of the plan.

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Defined Contribution Plan Recordkeeping and Administration

We perform the following services in order to provide smooth and efficient plan operation:

  • Calculate employee eligibility and plan entry.
  • Maintain participant vested percentage records.
  • Determine eligibility for allocation of employer contributions and forfeitures.
  • Allocate employer and employee contributions per client objectives.
  • 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 70½ distributions.

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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 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.

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Cafeteria Plans (Section 125 Plans)

Draft Plan Document and all supporting paperwork, including:

  • Corporate Resolution.
  • Summary Plan Description.
  • Participant Election Forms.
  • Tax Notice to Payroll Company to indicate what taxes are saved.
  • Announcement letter to Employees to introduce the Plan.
  • Consulting – Discuss Eligibility and Other Rules for the Cafeteria Plan.
  • Annual Compliance Testing and Government Reporting.

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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:

  • Contribution deductibility calculations (§404).
  • Annual additions testing (§415).
  • Top heavy testing (§416).
  • Coverage testing (§410(b)).
  • ADP/ACP testing (applicable to 401(k) plans).
  • Non-Discrimination Testing under the General Test (401(a)(4))
  • Discrimination and Coverage Testing for Cafeteria 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).

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Pension Valuation for Divorce

(QDRO VALUATION REQUEST FORM)

  • Review of plan documents.
  • Calculation of present value of defined benefit plan benefits.

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Consulting Services

  • 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.

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