Defined Contribution Plan Administration
In order to provide a smooth and efficient plan operation, we will perform the following services for you:
  • Calculating Employee eligibility and plan entry dates
  • Maintaining Participant vested percentage records
  • Processing fund transfers in accordance with participant elections, as necessary
  • Determining eligibility for allocation of Employer contributions and forfeitures
  • Allocating Employer and Employee contributions
  • Allocating plan earnings
  • Allocating forfeitures, if applicable
  • Reconciling trust accounts, as necessary
  • Preparing customized annual Participant Statements
  • Monitoring Participants who are required to receive age 70½ distributions, and calculating distribution amounts
  • Processing Distribution Requests - Calculation of Distribution amount, preparation of required distribution notices, release forms and prepare IRS From 1099-R
  • Processing Loan Requests - Set-up of Loan Accounts, preparation of Promissory Note & Amortization Schedule, and tracking loan repayments
  • Processing Hardship Withdrawal Requests - Determination of Hardship Distribution amount and preparation of application forms. 
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