ADMINISTRATIVE SERVICES:
- Determination of employee eligibility and entry into the plan.
- Calculation of contribution – maximize contribution if requested.
- Determination and maintenance of vesting percentages.
- Allocation of contributions, earnings and forfeitures if applicable.
- Preparation of defined contribution participant statements coinciding with the plan’s valuation date.
- Reconciliation of plan assets and preparation of Statement of Assets and Income as of each valuation date.
- Distribution processing- hardship distributions including determination of available amount and applicable forms.
- Distribution processing- termination and In-service distributions including determination of available amount and applicable forms and notices.
- Loan processing; calculation of amount, preparation of loan documents and amortization schedules.
- 70 ½ tracking and calculation of required minimum distribution.
- Annual actuarial valuation for defined benefit plans (provided by Aegis Pension Services),
- Preparation of defined benefit and cash balance participant statements (provided by Aegis Pension Services).