Our consultants will work with you to define your objectives, followed by
an analytical review of alternatives that are available for the design of
your Plan along with recommendations on how to proceed with the
We prepare all the materials required for the I.R.S. approval process and
work in consultation with your other professional advisors. We provide help
with employee communication and perform preliminary non-discrimination
Our team will independently audit the Plan’s assets and liabilities with
a review of any new regulatory opportunities and/or requirements. We can
help with any questions about changing your existing plan to reflect your
current business needs. A master report will be generated for you to show
the status of all participant benefits, individual participant statements,
and all statutory forms and filings.
Complete Plan termination services are available including the required
calculations, statutory filings and employee communications. We will work
with you to design a successor plan that better reflects your current
Our services include the design of employee surveys, as well as meetings
with your employees to explain your Plan and answer their questions. We will
oversee your enrollment, customize your administrative procedures, and
provide a Summary Plan Description.
Plan Corrections – Qualified Plans, including Simplified Employee
Pensions (SEP) and SIMPLE-IRA's
Correcting mistakes voluntarily is generally far less expensive than the
corrections/penalties imposed if errors are discovered upon audit!
As with any Employee Benefit Program, mistakes can occur. Fortunately,
the IRS and the DOL have a variety of programs/methods available, depending
upon the type of mistake and the timing of the correction. These range from
very simple to complex corrections. Our administrative and technical staff
have received the IRS Enrolled Retirement Plan Agent (ERPA) designation.
This allows them to represent you, if necessary, for various IRS correction
programs. Most errors can be "self-corrected" – and we can assist you with
determining and implementing the appropriate plan correction. We are
available to do this on a consulting basis, even if we are not contracted
with you for normal Plan Administrative Services.