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.
- Conduct employee meetings to communicate the
provisions of the plan.
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.
- Vendor searches.
- Plan benchmarking.
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 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.
- 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.
- Monitor participants who are required to receive age
70� 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).
- General Non-Discrimination testing ( IRS Section
401(a)(4))
- Preparation of IRS Form 5500 and related schedules.
- Preparation of Summary Annual Report for
participants.
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