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.
Employee Benefit Plan Administration
Our firm offers employee benefit plan administrative services to several employee benefit plans, including:
- 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, non-discrimination tests and ADP/ACP tests.
- Correcting failed year-end tests.
- 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.
- Answering participant questions.
Employee Benefit Plan Audits
Our firm is a proud member of the American Institute of Certified Public Accountants (AICPA) Audits of Employee Benefit Plan Quality Center.
- 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
The DOL and IRS each have their own set of rules and regulations related to the filing requirements for employee benefit plans.
- We will work with your organization to ensure that all of your plan’s filing requirements are met in a timely fashion.
- Our staff also has experience in preparing filings for employee benefit plans through the DOL’s Voluntary Fiduciary Correction Program (VFCP).
- We can also be available to assist you in the event the DOL or IRS challenges an employee benefit plan filing.
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By the numbers: 45
Number of years we’ve been in business
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