Designing and administering a qualified plan is challenging. There are complex rules and guidance that must be followed. To complicate matters, there are often thousands of calculated transactions each pay period. Our qualified plan professionals can help you to understand these rules and assist with the transactions. Providing our clients with the guidance and direction necessary to comply with the numerous legislative and regulatory rules governing employee benefit plans is the cornerstone of our retirement plan consulting practice. Our experience and technical expertise allows us to offer the highest quality advice available to our clients.
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The IRS and the DOL offer several correction programs to help plan sponsors avoid significant penalties for non-compliance.
Qualified retirement plans must pass rigorous nondiscrimination tests annually to ensure that they maintain their tax advantaged status.
As a plan sponsor, you have a responsibility to ensure that plan costs are reasonable and that the plan is receiving appropriate services for the fees it is paying.
We prepare and file numerous governmental forms for our clients each year. We are well versed in the issues necessary to meet your benefits related compliance needs.
For many plan sponsors, outsourcing the preparation of their employee benefit plan financial statements is an efficient way to ensure their financial statements comply with the reporting and disclosure requirements applicable to benefit plans.
For organizations, one of the more overwhelming duties of administering a qualified plan is the governmental form preparation and filing.
The Internal Revenue Service (“IRS”) and Department of Labor (“DOL”) focus on a plan’s operating policies and procedures, compliance and reporting controls.
