Pension Work Center

An online suite of innovative plan management and administration tools

Defined Contribution, 403(b) and ESOP Plan Administration

As a full service administrative firm, we perform those services necessary to insure your plan is up to date in the event IRS or the Dept. of Labor come calling! Such work includes:

  • Calculate employee eligibility and plan entry;
  • Determine eligibility for allocation of employer contributions and forfeitures;
  • Calculate participant service years and maintain vested percentages;
  • Reconcile Trust accounts and prepare Plan Financial Statements;
  • Maintain ESOP loan suspense account and release from encumbrance calculations;
  • Process ESOP diversification elections;
  • Process fund transfers in accordance with participant elections;
  • Company Stock share and cost basis accounting (ESOP’s);
  • Allocate employer and employee contributions, including cross-testing methods;
  • Allocate plan earnings and expenses;
  • Allocate forfeitures, if applicable;
  • Prepare customized participant statements;
  • Process and submit payroll deduction employee contributions and loan payments to investment platform in accordance with participant's elections;
  • Preparation of Safe Harbor contribution disclosure notices;
  • Distribution processing: Calculation of distribution amount, preparation of required distribution notices, release forms and IRS Form 1099-R and 945;
  • Loan processing: Set up of loan accounts, preparation of promissory note and amortization schedule and tracking loan repayments;
  • Hardship withdrawal processing: Determination of hardship distribution amount and preparation of application forms;
  • Monitor participants who are required to receive age 70½ distributions;
  • Contribution deductibility calculations (§404);
  • Annual additions testing (§415);
  • Top heavy testing (§416);
  • Coverage testing (§410(b));
  • Compensation testing (§414(s));
  • Nondiscrimination testing (§401(a)(4));
  • ADP/ACP testing (applicable to 401(k) plans);
  • Non-Allocation Year Testing (§409(p) applicable to ESOP’s);
  • Preparation of Form 5500 and related schedules;
  • Preparation of Summary Annual Report for participants;
  • Electronic filing of form 5500 and related schedules;
  • Electronic filing of form 1099-R.