Plan Design and Creation
- Preparation of expert Consultant assisted demonstrations and proposals for plan design based on Employer Census and retirement plan goals.
- Preparation of formal Plan and Trust documentation.
- Preparation of suggested sponsorship resolutions to adopt the plan.
- Preparation of Plan related forms including salary reduction agreements, beneficiary designations, direction of investment elections, bonding requirements, and trust instructions.
- Preparation of Forms and Notices necessary to inform participants of Plan features and benefits including Summary Plan Descriptions, Safe Harbor Election Notices, and Summaries of Material Modifications.
- Preparation of Forms and Notices necessary if plan design requires submission to the IRS for approval.
- Consulting and assistance with Employee participation and enrollment meetings.ur primary mission is to provide the industry with quality solutions for whatever we do. We have developed a unique whatever we do improvement program approach designed to improve outcomes for both clients and members. To achieve that goal, we work closely with each client to better understand the unique challenges involved for their unique project.
Plan Administration and Reporting
- Provision of expert Plan Administration and Operational Consulting.
- Preparation of employer Census and information gathering.
- Preparation of Employer Contribution calculations and non discrimination testing.
- Preparation of suggested allocation of contribution and any necessary corrections for administrative compliance.
- Trust Account(s) reconciliation and valuation.
- Preparation of Employee account summaries indicating vesting and earnings.
- Preparation of Employee Account Certificates and Summary Annual Reports which conform to regulations.
- Preparation of yearly IRS Forms and Schedules necessary to report and file Plan and Trust administration and operation.
- Preparation of termination and distribution calculations with accompanying forms and notices required by regulations.
- Annual Reporting and preparation of IRS Form 1099 and 945 for plan distributions.