 |
|
 |
|
|
| Plan
Administration |
|
| TPA Services Inc. provides
continuous plan administration. These services include annual administration
of the plan, determining eligible participants, additional benefits,
allocation of contributions, compliance testing, maintenance of plan
records, administration reports, and consultation with your accountant
and trustee. |
|
| Plan administration reports
can be furnished annually, semi-annually or quarterly dependent on
request. Administration services may include: |
|
 Calculation
of minimum required and maximum tax deductible
employer
contributions. "Top-Heavy" testing is performed to satisfy
compliance
for plans that primarily benefit key employees (60% of
benefits)
and must meet requirements on minimum contributions
and accelerated
vesting; |
|
Preparation
of Actuarial Valuation Reports (defined benefit plans).
This
includes a summary of major plan provisions, employee
census,
participant eligibility and exclusions, participant benefit
calculations,
participant account, and a plan financial statement; |
|
Preparation
of Allocation Reports (defined contribution plans).
Inclusions
consist of summaries and plan financial statement
similar
to the Valuation Report listed above; |
|
Determination
of minimum participation, coverage, and
discrimination
testing; |
|
Preparation
of Average Deferral Percentage (ADP) and Average
Contribution
Percentage (ACP) tests for all 401(k) plans. The ADP
and
ACP are non-discrimination tests. The amount of contribution for
highly
compensated employees is limited by the average deferral
package
contributed by non-highly compensated employees
under
these test rules; |
|
Calculation
and preparation of the vested balance and necessary
disclosure
forms for employee status changes (due to retirement,
termination,
disability, or death) for submittal to the employee.
Distribution
statements and 1099-R forms will be furnished for
benefit
distributions; |
|
Reconciliation
of employee census information and plan financial
statements; |
|
Perform
an annual compliance review of written plan with actual
plan
operation and plan goals and objectives. |
|
|
8301 E. Prentice Ave.,
Suite 408 . Greenwood Village, CO 80111
Phone: 303.693.4650Fax:
303.693.4910 |
|
