Retirement & 401(k) Plan Administration
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Finding a great retirement plan or 401(k) plan administrator is just as important as finding business partners—you want someone who works in your best interest and innovates like it’s their own company. PlanPerfect works with a wide variety of companies in various industries and gets to know your business quite intimately. At PlanPerfect, we do the heavy lifting for your retirement plan so you can focus on growth.

Retirement Plan Administration

Plan compliance and administration are critical parts of a successful retirement plan. Once the retirement plan design is in place, our job as third party plan administrator’s (TPA’s) is just getting started. Annually, we request information from you to find out if there have been any changes within your company that can influence the effectiveness of your company’s retirement plan. This consistent monitoring is why having an ERISA specialist on your team is important to ensure that new and emerging opportunities whether it’s plan design, compliance or administration are not overlooked.

Our plan administration services include:

  • Contribution calculation
  • Computing employee eligibility
  • Determining entry and eligibility dates
  • Calculating employee vested percentages
  • Determining benefit accrual
  • Actuarial certifications and reports
  • Preparation of signature-ready Form 5500
  • Preparing individual benefit statements for plan participants
  • Distribution processing: Calculation of distribution amount, preparation of required distribution notices, release forms, and IRS Form 1099-R
  • Required Minimum Distributions (70 ½ calcuations)

Third Party Administrator: PlanPerfect

Retirement plan administration is only one pillar of a successful retirement plan structure for your business. Discover our other services like retirement plan design and recordkeeping. Contact us for a consultation today!