Our Services
Because we are a full service consulting and administration firm,
partnering with us ensures that your needs and the needs of 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.
- When taking over an existing plan, 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.
- Assist with 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:
- Profit Sharing Calculations.
- 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.
- 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, if applicable.
- Monitor participants who are required to receive age 70½
distributions.
Defined Benefit Plan Actuarial
Services and Administration
Our team has the expertise and up-to-date technology to provide the
necessary 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.
- Preparation of Summary Annual Report for participants.
- Preparation of appropriate PBGC form (for defined benefit plans
only).
Consulting Services
- Plan design to maximize tax benefits.
- 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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