Actuarial and Administration Services
Services For New Clients
DESIGN/PRESENTATION
- Employer objectives discussed
- Various options available regarding:
- Contribution level
- Benefit formula
- Normal retirement date
- Early retirement date
- Deferred retirement
- Disability benefits
- Death benefits
- Termination benefits
- Integrated vs. nonintegrated
- Cross Tested/Age Weighted
- Defined Benefit vs. Defined Contribution
- Multiple plans
- Controlled businesses
- Participant loans/hardship withdrawals
- Collection of employee data
- Cost/benefit illustration prepared
ADOPTION/INSTALLATION
- Drafting of plan documents based upon final design
- Preparation of resolutions and forms required by IRS to establish a plan
- Preparation of Summary Plan Description
- Employee communication material
- Preparation of any amendment required by IRS or discretionary amendments
- Fidelity Bond requirements
EPAB'S FEES
- Preliminary meetings are
held at no cost to a
prospective client. Once
retained, EPAB operates
on a fee basis.
Annual Administrative Services
REPORTING AND DISCLOSURE
Completion of forms:
- 5500 Series (Forms and Schedules)
- Form 1099-R, 1096, and 945
- PBGC Filing Forms
- Summary Annual Report
- Form 8955-SSA
- Participant Benefit Statements
- Participant Termination Report
ANNUAL VALUATIONS
- Accumulate census, asset information, etc.
- Determine Eligibility
- Completion of contribution & funding calculations
- Completion of annual valuation report
- Actuarial certification (where applicable)
- Reconciliation of trust assets
- Computation of retirement benefits and options
- Computation of retirement, death, disability and termination benefits
- Computation of forfeitures
- Computation of accrued benefits
- Computation of vested benefits
- Perform all discrimination testing, coverage testing, participation & annual limits
CONSULTING
- Answer all questions concerning requirements, procedures and operation of the plan
- Consulting with client, accountant, attorney and financial advisor
- Compliance with current regulations
- Coordination of plan with other fringe benefits
- QDRO review & determination
