PLAN CONSULTING & DESIGN
SERVICES
- Review of company objectives
- Comprehensive fact finding & data gathering
- Analysis of desired benefit levels & related costs
- Consultation with business advisors regarding plan design
- Preparation and presentation of plan proposals
- Determination of eligible participants
- Employee enrollment meeting
RETIREMENT PLANNING
SERVICES FOR PROFIT SHARING PLAN COMPONENTS
- Restatement of existing Plan, as indicated
- Initial 401(k) Non-discrimination Test
- Highly compensated, non-highly compensated analysis
- Calculation of overall participation levels
- Estimate of annual deposits
- Preparation of Plan Documents and Forms
- Prepare Employer Resolution to restate plan
- 401(k) Adoption Agreement
- Defined Benefit Plan & Trust
- Gather plan accounting records from former Plan Administrator
- Preparation of new Summary Plan Description for each plan participant
ANNUAL ADMINISTRATION
ONGOING SUPPORT TO THE EMPLOYER
- Answer questions pertaining to the Plan
- Serve as liaison between the Employer and other service providers
- Notify employers of the Dollar Limitations for plan contributions
- Assist with distributions processing for participants
- Assist with loan set-up & maintenance for participants
YEAREND PROCEDURES FOR DC PLAN
- Annual Census collection
- Annual 401(k) Non-discrimination Test
- Top Heavy Testing
- Cross testing, if applicable
- Minimum coverage testing
- Employer contribution calculation
ANNUAL REPORTS
- Plan Specifications
- Employee census
- Contribution report
- All applicable testing
- Form 5500 & appropriate Schedules
- Summary Annual Report to be provided to all plan participants