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Services for Employers (Plan Sponsors)
New Plan
- Plan document
- Complete necessary sections of financial advisors’/investment providers forms
- Attend enrollment meetings
Takeover Plan or a Plan Conversion
- Plan document
- Complete necessary sections of financial advisors’/investment providers forms
- Help prepare letter to old asset provider
- Help prepare Blackout Notice
- Oversee financial advisors’/investment providers’ conversion process
- Attend enrollment meetings
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Plan Document Installation
- Assist in plan document completion
- Provide administrative forms
- Provide Summary Plan Description (SPD)
- Provide corporate resolution
- IRS Submission for Determination Letter (upon request)
- Provide plan sponsor with Annual Notice to Employees for Safe Harbor Plans and SIMPLE Plans
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Annual Compliance Testing and Calculations
- Top Heavy IRC §416
- Minimum Coverage IRC § 410(b)
- Excess Deferral IRC §402(g)
- Annual Additions IRC §415(c)
- Actual Deferral Percentage Test (ADP) IRC §401(k)(3)
- Actual Contribution Percentage Test (ACP) IRC §401(m)
- Non-discrimination Testing IRC §401(a)(4)
- Employer Deductibility IRC §401(a)(3)(A)
- Safe Harbor 401(k) Match or Non-Elective Compliance
- SIMPLE 401(k) Compliance
- Catch-up Contributions
- Annual Profit Sharing or Money Purchase Contribution Allocation (includes integrated, age-weighted and cross tested)
- Calculate partnership and sole proprietor earned income
- Annual Match Contribution Allocation
- Annual Forfeiture Reallocation
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Plan Distribution Processing
- Review paperwork for completeness
- Contact trustee for missing data or signatures
- Calculate maximum loan amounts
- Calculate maximum hardship amounts
- Calculate required minimum distributions
- Calculate in-service distributions
- Calculate QDRO distribution
- Calculate corrective distributions
- Initiate online distribution with financial advisor/investment provider
Government Forms Filings and Form 5500
- Signature-ready DOL Form 5500 and related schedules
- Voluntary Fiduciary Compliance Program
- Delinquent Filer Program
- Assistance with IRS or DOL audits
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Summary Annual Report
- Summary of plan year transaction history, census data and annual testing
- Annual letter with projected testing limits and compliance issues in bound report
- Terminated participants report with less than $5,000 vested balance to distribute
- Combine outside assets or self-directed brokerage accounts on a participant annual statement
- Annual review meeting encouraged
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For more information, contact Tom Ackmann at (260) 969-2677 or use our Contact Us form to e-mail your inquiry.