ADMINISTRATION
Our experienced staff will ensure the smooth and effiecient operation of your plan.
- Collect employee census data and plan trust information
- Review employee census data to determine employee eligibility and vesting
- Review plan trust information to reconcile employee and trust transactions including contributions, distributions, participant loans, and investment gains/losses
- Perform valuation and allocations including:
- Defined Contribution Plans
- Calculate and allocate employer and employee contributions, forfeitures and investment gains/losses
- Update account balances to reflect distributions, loans and investment transfers
- Defined Benefit Plans
- Perform actuarial calculations to determine ERISA minimum funding requirements and maximum tax deductible contribution amounts
- Calculate each participant’s accrued and vested benefit
- Determine funding status and premiums for PBGC annual filing
- Perform computations required by FASB Statements
- Prepare employer reports illustrating valuation results
- Produce individual benefit statements to be distributed to plan participants
- Analyze all qualified retirement plan issues ensuring plan compliance including:
- Minimum participation requirements
- Minimum coverage requirements
- Nondiscrimination requirements under IRC Sections 401(k), 401(m), and 401(a)(4)
- Top-heavy status
- Maximum contribution, compensation, and benefit limitations
- Minimum required distributions
- Process plan distributions and participant loans
- Prepare Government forms including:
- Form 5500 and related schedules
- PBGC Form 1
- IRS Form 1099-R
- IRS Forms 5330 and 5310, if required
- Defined Contribution Plans