Our administrators manage your plan day to day, pay period to pay period, quarter to quarter and year to year.

Daily and Pay Period Administration

• Field participant inquiries daily concerning website access, distribution and loan processing and general retirement plan questions
• Process investment transfers in accordance with participant directions
• Each pay period we review census information with previously admitted information
• Each pay period we update census information which in turn updates vesting, employment status, participation status and account balance activity
• Each pay period we reconcile the cash in the holding account of the plan
• Invest participant and employer contributions according to participants' elections
• Review and apply loan payments, if applicable
• We calculate employer matching and nonelective contributions, if applicable

Quarterly Administration

• Review year-to-date census information to determine vesting, employment and participation status
• Review balances and vested balances
• Reconcile and balance assets in the plan to participant account balances
• Starting with the second quarter we run preliminary compliance testing, if applicable
• Produce and send quarter-to-date valuation with quarterly participant statements

Annual Administration

• Same as quarterly administration with the additions below:
• Reconcile year-to-date census records with cumulative pay period data
• Calculate and test employer allocations, if applicable
• Complete testing of 401(k) and matching contributions, if applicable
• Complete IRS form 5500 for filing
• Coordinate with auditors for large plan filers
• Update plan with all IRS required plan amendments
• Make necessary corrections for failed compliance tests
• File Forms 1099-R from distributions processed during the year