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Defined Contribution Plan Services

In addition to 401(k) and Profit Sharing Plans, we also provide services to Money Purchase, ESOP, SIMPLE and SEP plans. Each type of plan has distinct requirements for how the plan operates and what types of testing it must satisfy. Depending on the type of plan you sponsor, our administrative services may include:

  • Calculation of employer contributions including profit sharing, safe harbor and/or matching.
  • Compliance testing including:
    • ADP/ACP testing
    • Cross testing of employer contributions under 401(a)(4)
    • 410(b) coverage testing
    • 415(c) annual addition testing
    • Top heavy determination and calculation of required minimum contribution, if any
    • Monitoring compliance with deduction limits
  • Review and updating of participant vesting
  • Participant benefit statement preparation
  • Website access to plan accounts for the participants, plan sponsor and outside advisors
  • Plan financial statement preparation including reconciliation of contributions
  • Form 5500 and 8955-SSA preparation with required schedules and Summary Annual Report
  • Safe Harbor Notice preparation
  • Qualified Default Investment Notice preparation
  • Calculation of contributions for self-employed individuals based on self employment income
  • Distribution processing assistance including tax remittals, Form 1099-R and 945 preparation
  • Participant loan preparation

We believe in providing our clients with timely and attentive service customized to the needs of their plans. Contact us to discuss the services we can provide for your plan.

Not FDIC Insured Not Bank Guaranteed May Lose Value
Not Guaranteed by any Government Agency Not a Bank Deposit
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