| What Services are Available?
- Plan
Installation and Consulting
- Plan
Design
- Plan
Trust and Description
- Summary
Plan Description
- Administrative
Manual and Forms
- Development
of Administrative Policy and Guidelines
- Coordination
with other employee benefit plans
- Notification
to participants
- Submission
to Internal Revenue Service for approval
- Impact
of new/pending legislation
Administration/Recordkeeping
- Electronic
transfer of payroll data
- Processing
of payroll and contribution data
- Daily
valuation of participants accounts
- Processing
of employer contribution
- Participant
loan administration
- Investment
splitting of employee deferral, matching contributions,
loan payments
- Processing
of benefit payments
- Reconciliation
of other activity in funds
- Preparation
of quarterly or semi-annual allocation summary report
- Preparation
of quarterly or semi-annual allocation employee statements
Plan Compliance
- Satisfying
ADP and ACP tests
- Consultation
and corrective measures for ADP failures
- 401(k)
and 401(m) non-discrimination testing
- 401(b)
minimum coverage and minimum participation
- 415(e)
cross-testing against other plans
- Top heavy
testing
- Turnkey
forms and reports, filing with the IRS, Department of Labor,
etc.
- Preparation
of Form 5500 or 5500 C/R
- Preparation
of 1099R Forms and Form 945
- Interface
with plan auditors
Miscellaneous Services, As Needed
- Plan
Distributions, including preparation of Form 1099-R
- Loan
setup, per participant loan
Note: Turnkey
processing of distributions and loans includes preparing and
processing required forms, preparing distribution checks,
preparing amortization schedule and the truth-in-lending statements
(loans) and filing Form 1099-R and 945 (distributions).
Take Over Services Daily Valuation setup
- Setup
up Plan records on Daily Valuation computer system
- Convert
participant acounts from traditional basis to Daily Valuation
system
Communication
- Group
meetings and presentations
- Newsletters
- Video
presentations
- Automated
Telephone Voice
Response system to access account
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