There are a myriad of complicated rules and regulations involved with almost every Employee Benefit Plan. Fortunately, you don’t need to familiarize yourself with them, because that’s the job of our highly skilled experts. We welcome and actually relish the opportunity to help you meet your employee benefit plan needs and offer the following services in order to do so.

Retirement Benefit Plan Administration

• Designing retirement plans.
• Consulting with plan sponsors on retirement plan issues.
• Answering participant questions.
• Working closely with any financial advisor and asset platform the plan sponsor chooses.
• Preparing plan documents and amendments.
• Preparing Investment Policy Statements.
• Preparing reports for participants, including Summary Annual Reports, Summary of Material Modifications and Summary Plan Descriptions.
• Maintaining individual participant records and preparing individual participant year-end statements.
• Processing employee and employer contributions.
• Processing participant distributions, including hardship distributions.
• Setting up and processing participant loans and loan repayments.
• Determining profit sharing and matching allocations.
• Allocating gains, losses and forfeitures to plan participants.
• Performing year-end testing, including coverage tests, top-heavy tests, ADP/ACP tests and other non-discrimination tests.
• Correcting failed year-end tests.
• Completing the necessary steps in a plan termination.
• Preparing Form 5500, Form 1099rs, Form 945, Form 5330 and all other required retirement plan filings (see employee benefit plan filings for more information).

Employee Benefit Plan Audits

• We can perform full and limited scope employee benefit plan audits as required by the Department of Labor (DOL).
• Our company incorporates a high tech paperless workflow.
• Our audit process also ensures manager and partner level involvement on all employee benefit plan audit engagements.
• Our audit staff is well educated on all the latest benefit plan information, including the latest DOL and Internal Revenue Service (IRS) rules and regulations.
• We will pass the latest information on to our audit clients at every opportunity.

Employee Benefit Plan Filings

• We will work with your organization to ensure that all of your plans filing requirements are met in a timely fashion.
• Our staff also has experience in preparing filings for employee benefit plans through various correction programs offered by the DOL and IRS.
• We can also be available to assist you in the event the DOL or IRS challenges an employee benefit plan filing.