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.
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.
- Determine eligibility for allocation of employer
contributions and forfeitures.
- Allocate employer and employee contributions.
- Allocate plan earnings, if applicable.
- Allocate forfeitures, if applicable.
- Distribution processing: Assist in the distribution process
by preparing the proper notification to the participant,
coordinate benefit election forms with the plan’s recordkeeper
and Trustee, and provide consultation regarding distribution
provisions and regulations.
- Prepare IRS Form 1099-R, if applicable.
- Loan processing: Calculate loan amounts, including
refinanced amounts, prepare the promissory note and amortization
schedule and coordinate loan distributions with the plan’s
recordkeeper and Trustee.
- Hardship withdrawal processing: Determine the hardship
distribution amount, prepare application forms, and coordinate
hardship distribution forms with the plan’s recordkeeper and
Trustee.
- Reconcile trust accounts.
- Prepare customized participant statements, if applicable.
Defined Benefit Plan Actuarial Services
and Administration
Our professional staff has the expertise and up-to-date
technology to provide the necessary actuarial and administrative
assistance to manage your defined benefit plan:
- Calculate employee eligibility and plan entry.
- Calculate vested percentages.
- 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 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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