We're here to continually review the impact of tax laws on your plan; review your plan results; produce full reports on an annual or periodic basis; and prepare your plan¡¦s annual returns for filing with government entities.  Each report is prepared by an administrator and reviewed by a member of the senior staff.  The average tenure of this reviewer is fourteen years.   Our annual audit includes:

Reconcile trust assets including reconciling payroll reports to financial institution deposit reports
Prepare trust financial statements
Determine employees eligible for benefits/contributions
Allocate all plan activity to eligible plan participants
Prepare actuarial valuations of liabilities and costs for defined benefit pension plans
Prepare annual report/return Form 5500 Series with the required schedules and attachments
Determine vested benefits, prepare benefit calculations and distribution forms
Provide individual participant statements of account in clear, concise format
Prepare Summary Annual Report for participants
Prepare 1099-R forms on distributions made from plan
Calculate maximum participant loans available and provide essential forms
Calculate insurance premium amounts as needed to maintain legal limits
Determine maximum tax-deductible limits annually and confirm with accountant the amount taken as a deduction
Monitor plan for top-heavy applicability and impact
Monitor 415 annual addition limitation
Complete 401(k), 401(m)  discrimination tests for compliance or verify safe harbor compliance
Monitor minimum coverage for compliance
Assist in defining and determining key and highly compensated employees
Calculate hardship withdrawal amounts available and provide essential notices and forms
Provide information and support for IRS/DOL audits
Provide in-depth cross checking and verification of all reports and communications to assure accuracy
Keep clients apprised of law changes and their impact