Our services include Plan Design, Document Preparation and Annual Administration in addition to other customized services as requested by our clients including plan asset reconciliation and plan terminations.
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Personalized profit sharing plans, 401(k) plans and defined benefit plans to fit the financial and benefit objectives of the employer.
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On an ongoing basis, reviewing the plan provisions to keep up with the employer’s objectives and the changing pension laws.
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Preparation of individually drafted plans to fulfill all specific objectives of the employer.
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Filing plans with the IRS, if required.
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Creation of the Summary Plan Description (SPD) to be given to the plan participants. The SPD provides an explanation of the Plan provisions in easily understood language.
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Preparation of Beneficiary Designation Forms and Salary Deferral Agreements, if applicable.
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With a full time Actuary, administrators and our broad knowledge and experience in the retirement field, no part of the actuarial or administrative services is done outside of our office.
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Annual actuarial reports summarizing plan provisions, assets, participant account balances and/or actuarial information to support allowable or required contributions and the deduction of these contributions.
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Trust accounting and the preparation of an annual Plan Financial Summary of the asset activity.
- Anti-discrimination testing including the General Test, IRC 410(b), ADP and ACP tests.
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Annual Participant statements for active and terminated participants.
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Annual reporting Form 5500, (including all schedules and Schedule SB) and attachments as required by the IRS and DOL.
- Annual Pension Benefit Guaranty Corporation Comprehensive Filing for Defined Benefit Plans.
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Preparation of Form 1099-R and Form 945 for all pension distributions, if requested.
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Filing of plan terminations for approval with the appropriate government agency as well as assistance with distribution of assets (IRS and PBGC submissions),
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