Compliance Administration

Woven into the fabric of America’s corporate and not-for-profit institutional retirement plans, is a complicated labyrinth of rules, regulations and administrative procedures. Plans that fail to conform fully with these regulations are exposed to the risk of stiff governmental penalties and adverse tax consequences. And, it doesn’t matter that a compliance failure is the result of unintentional error or innocent oversight, the accountability and accompanying reparations are still going to apply. Proper retirement plan administration demands an in-depth knowledge of the many actions required to keep that plan in compliance with all of the complicated regulations and also demands maintaining a preemptory overview of the plan’s status to ensure that it remains in compliance at all times. Non-discrimination testing, for example, is an area of compliance administration that requires special expertise of a plan’s administrator. Not having that expertise working for your plan could result in your plan not being properly administered, failing its compliance testing and exposing your plan to the potential loss of its favorable tax status. As your plan’s third-party administrator (TPA), Retirement Planners will protect you, your plan and your plan’s trustees by monitoring your plan to ensure your plan is in full compliance at all times. We’ll keep you fully apprised of all regulatory updates and provide the following cost effective retirement plan compliance administration:

  • ADP/ACP Test
  • Annual Additions Test (415 limit)
  • Top Heavy Test
  • Maximum Deductible Employer Contribution
  • Minimum Coverage and Participation & Test
  • 70½ Minimum Required Distribution Calculations
  • Loan Administration
  • Hardship Withdrawal Compliance & Review
  • Vesting Calculation
  • Employer Contribution Calculation
  • Trust Accounting
  • Forfeiture Accounting
  • Balance Sheet
  • IRS Form 5500
  • Schedules A, C, D, E, G, H, I, R, as required
  • Summary Annual Report
  • IRS Form 8955-SSA
  • Tax Reporting Form Preparation – 1099R, 1096, 945
  • Unlimited Support Calls To Your Service Representative

Click HERE to design a 401(k) or 403(b) Plan and have our plan implementation team give you a call.