Our professional staff has the expertise and up-to-date technology to provide the necessary actuarial and administrative assistance to manage your retirement plan: Defined Contribution Plan Services & Administration • Determine eligibility for allocation of employer contributions and forfeitures. • Allocate employer and employee contributions. • Allocate plan earnings. • Allocate forfeitures, if applicable. • Distribution processing: Calculation of distribution amount, preparation of required distribution notices, release forms and IRS Form 1099-R. • Loan processing: Set up of loan accounts, preparation of promissory note and amortization schedule and tracking loan repayments. • Hardship withdrawal processing: Determination of hardship distribution amount and preparation of application forms. • Reconcile trust accounts. • Prepare customized participant statements. • Monitor participants who are required to receive age 70% distributions. Defined Benefit Plan Actuarial Services and Administration • Calculate employee eligibility and plan entry. • Maintain participant vested percentage records. • Determine eligibility to receive benefit accrual. • Prepare annual actuarial report and certification. • Actuarial determination of required employer contributions. • Preparation of individual benefit statements. • Distribution processing: Calculation of distribution amount, preparation of required distribution notices, release forms and IRS Form 1099-R. Annual Compliance Testing and Government Reporting • Contribution deductibility calculations (§404). • Annual additions testing (§415). • Top heavy testing (§416). • Coverage testing (§410(b)). • ADP/ACP testing (applicable to 401 (k) plans). • Preparation of IRS Form 5500 and related schedules. • Preparation of Summary Annual Report for participants. • Preparation of appropriate PBGC form (for defined benefit plans only). Consulting Services and much more...