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:
- Review the employer's controlled group and/or affiliated
service group situation.
- 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.
- Prepare plan documents as required by the IRS.
- Prepare the request for an IRS determination letter, if
applicable.
- Prepare the Summary Plan Description that is required to
be distributed to plan participants.
- 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:
- Calculate employee eligibility and plan entry.
- Maintain participant vested percentage records.
- Process each payroll, allocating contributions and loan
payments according to the participant's investment elections
(if applicable).
- Process fund transfers in accordance with participant
elections (if applicable).
- Determine eligibility for allocation of employer
contributions and forfeitures.
- Allocate employer and employee contributions.
- 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 (if applicable).
- 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.
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.
- Preparation of Summary Annual Report for participants.
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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