Our Services
As a full service consulting and administration firm, partnering
with us ensures that the needs of you and your employees will be met
in the most effective way possible. 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:
- 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.
- Takeover of current plans by reviewing the existing plan
provisions and recommending changes to fully meet the employer's
goals and objectives.
- Preparing plan documents as required by the IRS.
- Preparing the request for an IRS determination letter, if
applicable.
- Preparing the Summary Plan Description that is required to be
distributed to plan participants.
- Preparing customized enrollment and administrative materials
(Recordkeeping clients only).
- Conducting employee meetings to communicate the provisions of
the plan (Recordkeeping clients only).
Defined Contribution Plan
Recordkeeping and Administration
We perform the following services in order to provide smooth and
efficient plan operation:
- Calculating/confirming employee eligibility and plan entry.
- Annual participant-level auditing of employee and employer
contributions, including loan repayments.
- Maintaining participant vested percentage records.
- Preparation of annual vesting statements and/or vesting download
to recordkeeper.
- Processing each payroll, allocating contributions, and loan
payments according to each participant's investment elections
(Recordkeeping clients only).
- Processing fund transfers in accordance with participant
elections (Recordkeeping clients only).
- Determining eligibility for allocation of employer contributions
and forfeitures.
- Allocating employer contributions.
- Allocating plan earnings (Recordkeeping clients only).
- 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.
- Reconciling trust accounts.
- Preparing customized participant statements (Recordkeeping
clients only).
- Monitoring participants who are required to receive age 70½
distributions.
Defined Benefit Plan Actuarial
Services and Administration
At this time we do not offer Defined Benefit Plan Actuarial
Services; however, we do have several valued partners to whom we would
be happy to refer you. Please contact us for further information.
Please note we will be adding this capability in 2008.
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).
- Preparing IRS Form 5500 and related schedules.
- Preparing Summary Annual Report for participants.
- Preparing appropriate PBGC form (for defined benefit plans
only).
Consulting Services
- Preparing plan amendments, terminations and mergers.
- Assisting with IRS and DOL audits.
- Providing assistance with plan design changes.
- Conducting special plan or participant benefit studies or
projections.
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