Today,
an increasing number of US businesses are setting
up
retirement plans for their employees.
This helps them to avail tax benefits both from state
and federal laws and contribute to the
retirement
goals of owners and employees. The biggest challenge
facing employers setting up
retirement plans
is routine administration, compliance with various
laws and remaining informed of current developements.
In order to manage this complex and time consuming
process,employers seek help from a
third party administrator(TPA) and outsource
to it the routine tasks of executing and managing
the plan.
As the third party administrator,
we help you in designing and administering the plans.
Our services include :
::
Retirement Plan Design |
- Standardized
OR Non-Standardized Regional Prototypes
|
::
Preparation of Retirement Plan Document
|
::
Retirement Plan Communication |
- Summary Retirement
Plan Description
- Required Employee Notices
- Enrollment Forms
|
::
Retirement Plan Approval |
- IRS Submission for Individual
Determination Letters
|
::
Retirement Plan Administration |
- ADP/ACP Discrimination Testing
for 401(k) Plans
- Top Heavy Testing
- Participation and coverage
testing
- Section 415 and Deduction Limits
Review
- Document Compliance
- Calculation of Vesting Credits
- Management Reporting Package
- Filing IRS Form 5500 with attachments
|
|
