• Installation of Amendment Services

    Provide prototype of specimen Plan and Trust Agreement, or individually designed document, if requested.

    Prepare Application for Determination

    Prepare Notification of interested parties

    Prepare Employee Announcement that a Retirement Plan has been adopted

  • Administration and Actuarial Services

    Establish and maintain Plan and Participant records.

    Benefit calculations upon Participant termination, disability, and retirement.

    Review insurance application for compliance with Plan specifications.

    Provide PS-58 Value of Insurance Statement.

    Notify Plan Administrator of upcoming Plan Anniversary.

    Provide annual renewable benefit calculations and Actuarial Valuations.

    Compute deferral ratio for 401(k) Plans.

    Allocate Employee 401(k) contribution to investment vehicles

  • Employee Communication Services

    Prepare Summary Plan Description.

    Prepare personalized Participant benefit statements annually.
    Prepare Summary of Plan Annual Report for Participant and Beneficiaries

  • Annual Government Reporting Services

    Prepare Annual Return/Report of Employee Benefit Plan, Form 5500, and all related Schedules:

    Schedule A - Insurance Report

    Schedule B - Actuarial Information (Defined Benefit Plans)

    Schedule I - Small Plan Financial Information

    Schedule R - Qualified Pension Plan Information

    Form PBGC-1 - Defined Benefit Plan

    Form 945 - Reconciliation of Withholding Tax (when applicable)

    Secure Actuarial Certification for Defined Benefit Plans

  • Schedule of Fees Installation

    Costs including Plan design, Proposals, Forms, Filings, SPD's and application processing.

    l. Prototype Plan Document $ 500.00

    2. Schedule of fees installations $ 2,000.00

    Individually Designed Document(New Comparability and Age Weighted Plans must use individually designed documents.)

    3. Take-over Plans

    * Set-up Fee (All in good order) $ 500.00

    * Set-up Fee (Problem Plans) $ 100.00 per hour

  • Annual Administration

    1. Money Purchase or Profit Sharing Plans with Participants $ "650.00"

    * For each Participant in excess of five (5) $ 10.00 each

    * One Participant or Participant/Spouse Only Plans $ 350.00

    * Quarterly Statements (Additional) $ "1,000.00"

    * Age-Weighted and New Comparability Plans $ 800.00

    2. Defined Benefit Plans with Five (5) or fewer Participants $ 850.00

    * If PBGC Filing is Require $ 75.00 extra

    * For each Participant in excess of five (5) $ 10.00 each

    * One Participant or Participant/Spouse Only Plans $ 650.00

    3. 401(k) Plans (Will Bill Quarterly) $ 1,600.00 ***

    * For each Participant in excess of forty (40) $ 40.00 each

    * One Participant Plans (First Three Years) $ "1,000.00" each year

    Each Year There after $ 500.00

    4. One Participant Plans (First Three Years) $ "1,000.00" each year

    Each year there after $ 500

    5. 403(b) Title 1 Plans $ "1,200.00"

    6. Simple 401(k) Plans (Will Bill Quarterly) $ "1,200.00"

    7. Other Services

    * Including Consultations $ 100.00 per hour

    * Review of Existing Plans $ 100.00 per hour

    8. Additional Expense

    A Fidelity Bond is required by the IRS, based on a minumum 10% of asset value. Minimum $10,000. The bond is available from your Property Casualty Insurance Agent. Assumes all investment vehicles provide individual accounts. If an unallocated investment vehicle " is used, add $15.00 per Participant in such vehicle."