Our Services
We are a full service administration and consulting
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 and
confusing process. Our professional staff will guide you each step of
the way.
- 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 assuming the administration of a plan currently 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
In a market populated by "product" vendors, we remain cognizant
that superior services are an essential element of our business. We
perform the following services in order to provide smooth and
efficient plan operation:
- State-of-the-art Daily Valuation services
- "Open architecture" platform with access to thousands of mutual
funds, collective trusts and ETF’s
- Provide access to brokerage services for individual accounts
within a plan
- Provide access to Managed Accounts services for individual
accounts within a plan
- 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
- Process fund transfers in accordance with participant elections
- Determine eligibility for allocation of employer contributions
and forfeitures
- Allocate employer and employee contributions
- Allocate plan earnings
- Allocate forfeitures, if applicable
- Process distributions: calculate distribution amount, prepare
required distribution notices, release forms and IRS Form 1099-R
- Process loans: set up loan account, prepare promissory note and
amortization schedule and track loan repayments
- Process hardship withdrawals: determine hardship amount and
prepare application forms
- Reconcile trust accounts
- Prepare customized participant statements
- Monitor participants who are required to receive age 70½
distributions
Defined Benefit Plan Actuarial
Services and Administration
Our professional staff has the expertise and up-to-date technology
to provide the necessary administration and actuarial assistance to
manage your defined benefit plan. We are an experienced Taft Hartley
plan administrator.
- Calculate employee eligibility and plan entry
- Maintain participant vested percentage records
- Determine eligibility to receive benefit accrual
- Process distributions: calculate distribution amount, prepare
required distribution notices, release forms and IRS Form 1099-R
- Actuarial Services
Annual Compliance Testing and
Government Reporting
- Contribution deductibility calculations (ş404)
- Annual additions testing (ş415)
- Top heavy testing (ş416)
- Coverage testing (ş410(b))
- ADP/ACP testing (applicable to 401(k) 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)
Employee Communications
Many (if not most) benefit plan specialists are better technicians
than communicators. We strive to distinguish ourselves by emphasizing
clear, concise, non-technical verbal and written communications.
- Customized communications programs designed for each plan
sponsor’s unique needs
- Employee access to account information through an Automated
phone service or the Internet
- "On site" employees meetings for enrollment and plan education
Consulting Services
- Plan amendments, freezes, 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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