All Plan Administration Services Include:
Quarterly Administration
- Monthly employee deferral allocation processing
- Trust financial statements and income reporting
- Individual participant benefit statements
- Loan, withdrawal, and distribution administration
- Copies of reports sent to interested parties
Annual Reports and Compliance Testing
- Internal Revenue Service Form 5500 preparation and filing
- Individual participant benefit statements
- Discrimination tests as required
- Plan top-heavy testing and calculations
- IRC section 415 limitation testing
- Internal Revenue Service 1099-R Forms
Internet and Toll Free Information Line
- Internet and toll-free access to account balances
- Loan information and processing
- Daily investment switching capability
- Participant election form modifications daily