Our Services
Because we are a full service consulting and
administration firm, partnering with us ensures that the needs of you
and your employees will be met. We offer a full range of retirement
plan services. Click below for details of the services provided.
Annual Administration
- Determine employee eligibility for the plan
- Determine and maintain vesting percentages
- Calculate benefit and contribution amounts (including new
comparability allocations)
- Perform required testing under Internal Revenue Code sections as
applicable:
- perform ADP/ACP testing pursuant to IRS Code Sections 401(k)
and 401(m) and related regulations
- perform minimum coverage testing pursuant to IRS Code Section
410(b)
- perform nondiscrimination testing pursuant to IRS Code Section
401(a)(4)
- perform benefits, rights and features testing
- perform minimum participation testing for defined benefit
plans pursuant to IRS Code Section 401(a)(26)
- perform compensation testing pursuant to IRS Code Section
414(s)
- perform permitted disparity testing pursuant to IRS Code
Section 401(l)
- perform elective deferral limit testing pursuant to IRS Code
Section 402(g)
- perform benefit and contribution limits testing pursuant to
IRS Code Section 415
- perform top heavy testing pursuant to IRS Code Section 416
- Prepare benefit and/or account statements on an accrual basis
for participants
- Prepare and/or reconcile trust activity
- Prepare and process plan distributions for retirement,
disability, termination, minimum required distributions, hardships
and other permissible distributions
- Determine available loan amounts and prepare loan documents
- Reconcile contribution deposits and loan repayments
- Furnish required information to auditors and offer audit support
services
- Analyze qualified domestic relations orders (QDROs) and process
in accordance with IRS Code Section 414(p)
- Determine forfeiture amounts and process in accordance with the
plan document
- Prepare signature-ready government forms and reports, as
appropriate, including, but not limited to:
- IRS Annual Returns/Reports such as: Form 5500, 5500 C/R, 5500
EZ
- Attachments to Form 5500 series, which may include: Schedules
A, B and attached actuarial report, C, F, G, H, P, T and/or SSA
- Pension Benefit Guaranty Corporation PBGC Form 1
- Form 1099-R
- Form 5330
- Forms 945, 990 and 990T
- Prepare summary annual report (SAR)
Installation and Document
Issues
- Prepare and utilize Cache's standardized and non-standardized
prototypes, volume
submitter and individually designed plans
- Prepare documents and amendments for review by plan
sponsors and their legal counsel
- Prepare summary plan descriptions (SPDs) and summaries of
material modification (SMMs)
- Prepare and submit favorable determination letter requests with
the
IRS
- Establish initial participant recordkeeping accounts based upon
employee census data furnished by plan sponsor
Takeover of Existing Plans
- Review prior year’s administration and analyze plan for
operational compliance
- Review plan document and discuss pertinent plan design issues
- Establish participant recordkeeping accounts on our system and
assume ministerial responsibility in a timely manner
- Assist investment provider (as necessary) with transfer of funds
Plan Terminations
- Prepare plan document for plan termination
- Communicate with the IRS and the PBGC, providing additional
information as required, in the behalf of plan sponsors
- Calculate the benefits payable to participants as a result of
the termination of the plan and prepare distribution forms
- Prepare submissions to the IRS and/or PBGC as required or
requested
- Prepare the final Annual Report/Return (Form 5500) for
execution by plan sponsor
General Consulting
Address additional issues not listed above which may include, but
are not limited to:
- Revise plan documents to accommodate new client objectives or changes
in law
- Prepare excise tax returns
- Prepare FASB ‘87 or ‘88 reports for plan sponsor financial
statements
- Perform control group and affiliated service group analyses
- Represent the plan or plan sponsor in addition to items
identified above
- Advise plan sponsors on compliance with Federal Statutes and
with Department of Treasury rulemaking and technical advice with
respect to qualified plans
- Assist in qualified plan compliance issues related to business mergers and acquisitions
- Advise plan sponsors regarding the effect of new legislation or
rulemaking
- Prepare projected nondiscrimination tests as requested by the plan sponsor
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