Plan Design and Implementation

• Design a plan tailored to meet the needs of the owners, employees and the business itself
• For takeover plans, 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 Summary Plan Description and other required participant notices to be distributed to plan participants
• Conduct employee meetings to communicate the provisions of the plan   

Plan Recordkeeping and Administration

• Calculate employee eligibility and plan entry
• Maintain participant vested percentage records
• Determine eligibility for allocation of employer contributions and forfeitures
• Allocate employer and employee contributions
• Allocate plan earnings, if applicable
• Allocate forfeitures, if applicable
• Reconcile trust accounts
• Prepare customized participant statements
• Monitor participants who are required to receive age 70½ distributions
• Obtain verification of contribution dates and amounts
• Notify the Employer of the ERISA bonding requirement at the 10% level
• Notify the Employer of the fact that it may be required to hire a certified public accountant to audit the plan and provide the required audited financial statements to the plan on a timely basis to be filed with the 5500 Annual Report

Annual Compliance Testing and Government Reporting

• 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 IRS Form 8955-SSA
• Preparation of Summary Annual Report for participants
• Preparation of appropriate PBGC form (for defined benefit plans only)   

Participant Distributions & Loans

• Processing of distributions on termination of employment, including hardship distributions, in-service distributions, Required Minimum Distributions
• Calculate participant vesting
• Preparation of distribution forms and tax disclosure forms, including Forms 1099R and 945
• Coordination of distributions with investment provider
• Preparation of participant loan documents
• Participant loan maintenance

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