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:
- Design 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.
- Review the employer's controlled group and/or
affiliated service group situation.
- Prepare plan and trust documents as required by the
IRS.
- Prepare the Summary Plan Description and any
applicable Notices that are required to be distributed
to plan participants.
- Coordinate with clients and ERISA Attorney for an
IRS determination letter submission, if applicable.
- Prepare customized enrollment and administrative
materials.
- Conduct 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:
- Determination of employee and participant
eligibility.
- Valuation and reconciliation of trust fund assets.
- Determination and allocation of employer
contributions, trust earnings and forfeitures.
- Determination of participants' vested interests.
- Distribution processing, including calculation of
distribution amount, preparation of required
distribution notices, release forms and IRS Forms
1099-R.
- Preparation and maintenance of participant loans
including generation of amortization schedules,
calculation of available loan amounts and the tracking
of both principal and interest repayments.
- Hardship withdrawal processing, including a
determination of the hardship distribution amount and
preparation of applicable forms.
- Calculation and review of age 70 1/2 required
minimum distribution.
- Preparation of individual participant statements
summarizing all activity that has occurred on each
participant’s account.
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.
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).
- Preparation of IRS Form 5500 and related schedules.
- Facilitate Electronic Filing of Form 5500 and
related schedules.
- Preparation of Summary Annual Report for
participants.
- Preparation of appropriate PBGC form (for defined
benefit plans only).
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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