Services
Administration Services
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Personalized Services
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Phase I:
Feasibility Study and Design
Collection of data concerning the company, its employees and existing benefit programs
Actuarial analysis of employee data to estimate costs under various pension and profit sharing plans
Design of a plan to meet specific requirements of the company
Phase II:
Installation
Assistance in the adoption of the plan, trust agreement and board of director’s resolutions, including submittal to the IRS for approval
Summary Plan Description – design and drafting of employee booklets used in conjunction with the plan documents
Binder system which includes: plan documents beneficiary, election & termination forms, submittal for a separate employer identification number and various notices
Employee meetings to explain and answer questions relative to the adopted plan
Phase III:
Annual Consulting, Actuarial and Administration
Annual analysis of the plan to determine if it is meeting the desired objectives
Determination of contribution, discrimination testing, government reporting form 5500 with copy for CPA and client, updating of individual participant accounts, certificates of participation, summary annual reports and updating of client binder information
An annual meeting with the business owners and plan participants to explain and discuss any changes on the operation of the plan