Administration & Plan Compliance

Annual administration of retirement plans is a large job, and our job is to make sure your retirement plan never becomes a headache. Our professionals know your time is valuable, and will do their best to make your retirement plan run as smoothly as possible. We will collect necessary information from you efficiently, explain issues to you in plain English, and provide you with reports that are easily understood. We understand you have a business to run, and your retirement plan is not your priority – it’s ours.

Annual administration includes the following:

  • Collecting employee census data
  • Calculating employee eligibility and plan entry
  • Allocating employer profit sharing contribution (DC plans)
  • Allocating plan forfeitures, if applicable (DC plans)
  • Allocating investment earnings (DC plans)
  • Calculating benefit accrual (DB plans)
  • Preparing the Annual Funding Notice (DB plans)
  • Determining and maintaining vesting records
  • Reconciling plan assets
  • Preparing annual report detailing all activity for the plan year (DC plans)
  • Preparing actuarial valuation report (DB plans)
  • Preparing annual employee certificates
  • Preparing distribution paperwork for terminated plan participants
  • Preparing promissory notes and amortization schedules for participant loans

Annual compliance testing and reporting includes the following:

  • Testing for compliance with IRC §§ 402(g) deferral and 415 annual addition and maximum benefit limitations
  • Ensuring tax deductibility of contributions as determined under IRC § 404
  • Testing for coverage under § 410(b)
  • Testing and ensuring compliance as to the amount of the employer-provided benefit under § 401(a)(4)
  • Top Heavy Testing as under § 416
  • ADP/ACP Testing as under §§ 401(k) and 401(m)
  • Preparing IRS Form 5500, with attachments, including the necessary actuarial certification (DB only)
  • Preparing the required Summary Annual Report
  • Preparing PBGC Form 1 filing (covered DB plans only)
  • Preparing Form 1099 and 945 resulting from distribution of benefits to plan participants