Services

Because we are a full service consulting and administration firm, partnering with us ensures that the needs of employer and employee will be met. We offer a full range of retirement plan services.

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.

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.
• Determine eligibility for allocation of employer contributions and forfeitures.
• Calculate and allocate employer and employee contributions.
• Allocate plan earnings.
• Allocate forfeitures, if applicable.
• Distribution processing: Calculation of distribution amount, preparation of required distribution notices, Preparation of IRS Forms 1099-R, 1096 and 945.
• 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 and preparation of financial statements.
• Prepare customized participant statements.
• Monitor participants who are required to receive age 72 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.