Plan Documents
Using a Company’s census data, we provide plan design choices to best serve your retirement needs. In order to sponsor a retirement plan, the plan sponsor must execute a consent resolution, and the plan document, which is a legal document. The plan must be operated under the terms of the plan document. If the Plan Sponsor wishes to make changes to the Plan, the Plan must be amended accordingly.
Our plan documents include:
Company Consent Resolution(s) to Adopt the Plan
Volume Submitter or Prototype Adoption Agreement & Plan Document
Pre-approved IRS Determination Letter
Funding Policy
Summary Plan Descriptions required to be distributed to plan participants
Participant Loan Program
Regulatory and Discretionary Plan Amendments
Plan Document Restatements
Annual Administration Services
At the beginning of each plan year, we provide a census request file to collect the relevant Company data in order to complete the annual administration of the Plan.
Our annual administration services include:
Determination of New Participants for the Plan Year
Determination of Projected Participants for the next Plan Year (if possible)
Calculation of Employer Contributions for the Plan Year
Perform all required non-discrimination testing
Reconciliation of Employee and Employer Contributions by participant
Reconciliation of Trust Assets
Determination of the Top-Heavy status of the Plan (if applicable)
Determination of Required Minimum Distributions
Preparation of Government Forms 5500, 5500-SF, and Form 8955-SSA.
Annual Notice Requirements
Each year, the Plan Sponsor is required to provide the following participant notices. We provide the following to the Plan Sponsor to be distributed to Plan Participants:
Preparation of the Summary Annual Report
Preparation of the 404(a)(5) Participant Disclosure Notices
Preparation of Safe Harbor Notices (if a safe harbor plan)
Preparation of Auto-Enrollment Notices (if an auto-enrollment plan)
Preparation of 8955-SSA participant Notices (if applicable)
Daily Administration Services
Our daily administration services include:
Distributions to Plan Participants
Loan Distributions & Preparation of Loan Documents for Plan Participants
Assistance with Rollover-In Contributions
Submission of Employee payroll Contributions and Loan Repayments
Technical Consulting Services
Our technical consulting services include:
Assistance with IRS and Dept. of Labor Inquiries & Audits
Calculations of Interest on Late Employee Contribution & Loan Repayment Deposits
Assistance with Self Correction Programs and Voluntary Correction Programs
Preparation of Government Form 5330 Prohibited Transaction Filing
Assistance with the Delinquent Filer Voluntary Compliance Program for Late Form 5500 filers.
Assistance to Independent Public Accountants for Large Form 5500 Filers.
Controlled Group Determinations
Review and Processing of Qualified Domestic Relations Orders
Get a personal consultation.
We will take care of your accounting and administrative services.
