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. |
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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:
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Review the employer's controlled
group and/or affiliated service group status. |
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Design a plan tailored to meet the
needs of the owners, employees and the business itself. |
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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. |
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Assist in the completion of adoption
agreements for prototype plan documents as required by the IRS. |
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Prepare the request for an IRS
determination letter, if applicable. |
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Assist in the completion of the
Summary Plan Description that is required to be distributed to
plan participants. |
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New Comparability plan design
calculations and testing. |
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401(k) Safe Harbor plan design and
annual notices. |
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Local industry expertise offering
accurate responsive solutions to the complex challenges of
retirement plans. |
Defined Contribution Plan
Recordkeeping and Administration
We offer the following specific services that make for smoother
navigation in plan operations:
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Calculate employee eligibility and
plan entry. |
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Maintain participant vested
percentage records. |
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Determine eligibility for allocation
of employer contributions and forfeitures. |
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Allocate employer and employee
contributions. |
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Allocate plan earnings. |
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Allocate forfeitures, if applicable. |
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Distribution processing: Calculation
of distribution amount, preparation of required distribution
notices, release forms and IRS Form 1099-R. |
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Loan processing: Set up of loan
accounts, preparation of promissory note and amortization schedule
and tracking loan repayments. |
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Hardship withdrawal processing:
Determination of hardship distribution amount and preparation of
application forms. |
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Reconcile investment activity to
employer/employee transactions and determine investment earnings
for the period. |
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Prepare customized participant
statements. |
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Monitor participants who are
required to receive age 70½ distributions and prepare distribution
packages or Election to Postpone forms as needed. |
Defined Benefit Plan
Administration
Our professional staff has the expertise and up-to-date technology
to provide the necessary administrative assistance to manage your
defined benefit plan:
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Calculate employee eligibility and
plan entry. |
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Maintain participant vested
percentage records. |
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Determine eligibility to receive
benefit accrual. |
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Preparation of individual benefit
statements. |
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Distribution processing: Preparation
of required distribution notices, release forms and IRS Form
1099-R. |
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We work with the actuary of your
choice to obtain the actuarial report, certification, and the
actuarial determination of required employer contributions and
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:
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Contribution deductibility
calculations (§404). |
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Annual additions testing (§415). |
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Top heavy testing (§416). |
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Coverage testing (§410(b)). |
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ADP/ACP testing (applicable to
401(k) plans). |
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Preparation of IRS Form 5500 and
related schedules. |
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Preparation of Summary Annual Report
for participants. |
Consulting Services
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Plan amendments, terminations and
mergers. |
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Assist with IRS and DOL audits. |
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Provide assistance with plan design
changes. |
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Conduct special plan or participant
benefit studies or projections. |
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Overall review of your Employee
Benefits Program.
- Is your plan doing what you need it to do?
- How could your plan be structured to work better?
- Eliminate ADP/ACP testing and refunds by changing to a Safe
Harbor plan or adding a Non-qualified plan for Key Employees or
Highly Compensated Employees.
- Should you still have a Money Purchase Pension plan?
- When does it make sense to add a Cash Balance plan?
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