Available Plans
Defined Contribution (401(k), Profit Sharing, Money Purchase) Plans
- Determine employee eligibility and plan entry.
- Update and maintain participant vesting percentage records.
- Determine eligibility for employer contributions and forfeitures.
- Allocate employer and employee contributions, plan earnings and forfeitures if applicable.
- Distribution processing: Calculate distribution amounts, prepare required distribution and release forms.
- Loan & Hardship withdrawal processing: including setting up of loan accounts, preparation of promissory note and amortization schedule.
- Reconcile retirement trust accounts.
- Prepare participant statements reflecting total and current vested account balances.
- Monitor participants for Required Minimum Distributions
Defined Benefit Pension Plan
- Determine employee eligibility and plan entry.
- Update and maintain participant vesting percentage records.
- Determine participant eligibility to receive benefit accrual.
- Prepare annual actuarial report and certification, for Schedule B
- Actuarial calculation of required employer contributions.
- Preparation of individual benefit statements reflecting projected monthly benefits at retirement and current vested accrued benefits.
- Distribution processing: Calculate distribution amounts, prepare required distribution and release forms.
- Monitor participants for Required Minimum Distributions