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ERISA Consultants |
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Over
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Qualified Plans: |
Qualified Plan AdministrationQualified retirement plans represent the best combination of employee benefits and tax shelter now available under current law. The establishment of a qualified pension plan, whether defined contribution or defined benefit, provides employers with an assurance of future economic security for themselves and their employees and acts as a powerful vehicle for attracting and retaining long term employees. Compliance with the complex laws and regulations governing qualified plans is the cornerstone of plan administration. Failure to comply on a timely basis with these laws can result in significant penalties for a sponsoring employer, and thus mandates the use of a professional actuarial and pension consulting firm to successfully recognize and satisfy the ever changing technical requirements of the field. ERISA Consultants provides comprehensive professional services to help employers maintain the qualified status of their employee benefit plans under the Internal Revenue Code. Our technical services apply to all aspects of qualified retirement plans, including Plan Design, Installation and Submission (preparation of plan and trust documents), Full-Service Administration, Miscellaneous Technical Services (including amendments of plan and trust documents, merger of plan assets, plan termination, and the like) and Employee Education Communication. Our professional
in-house actuarial staff and highly trained plan administrators are well
qualified to provide actuarial and administrative services for
retirement plans of any size. Successfully operating in nearly 30
states, ERISA Consultants is prepared to address clients’ technical
and administrative needs, whether near or far away. With nearly 20 years
of experience in client and participant support and education, ERISA
Consultants has successfully simplified the complex field of qualified
plans for our sponsoring employers, and can do the same for you.
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Plan Selection & DesignThe first and most important step in the establishment of a qualified retirement plan is selecting the right type of plan for your company. ERISA Consultants will review employer’s goals and objectives, evaluate business situation and needs, and design a qualified plan uniquely constructed to accomplish those goals and meet those specific needs. Please consult the Appendix to review a detailed comparison
of the qualified plans offered by ERISA Consultants, as well as the ERISA
Roadmap to assist in selecting a plan that best suits your needs.
Installation & SubmissionERISA Consultants provides a full range of IRS approved prototype plan and trust documents for use by our clients in establishing a qualified plan. Our plans include 401(k) salary deferral, profit sharing, money purchase, new comparability plans and varying types of defined benefit plans. Although already approved by the National Office of the IRS in regard to their basic formats, we will also submit a client’s plan to the IRS for a favorable letter of determination where desired of necessary. ERISA Consultants provides:
* Enrollment Form * Salary Deferral Agreement Form * Designation of Beneficiary Form * Certification of Marital Status Form Back to top
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Plan Administration & ComplianceERISA Consultants provides comprehensive professional services to help employers maintain the qualified status of their employee benefit plans under the Internal Revenue Code. Our technical services apply to all aspects of qualified retirement plans including:
Additionally, ERISA Consultants will prepare all applicable annual filings relating to reporting and disclosure as may be required by the Internal Revenue Service, Department of Labor, Pension Benefit Guaranty Corporation or any other approved regulatory authority. Such filings may include the following: Internal
Revenue Service Form 5500 - Annual Return/Report Schedule A - Insurance Information Schedule B - Actuarial Information Schedule C - Service Provider Information Schedule D - DFE/Participating Plan Information Schedule G - Financial Transaction Schedules Schedule H or I - Financial Information Schedule P - Return of Fiduciary Schedule R - Retirement Plan Information Schedule SSA - Separated Participants Schedule T – Qualified Pension Plan Coverage Information Form 1096 - Benefit Payment Information Form W-3 - Benefit Payment Information Department
of Labor Summary Plan Description (SPD) Pension Benefit Guaranty Corporation Form PBGC-1 Plan
Participants Individual Benefit Statements Summary Annual Report (SAR) Form 1099-R (where applicable) Form W-2P (where applicable) Plan
Trustees Report to Trustees Back to top
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When changes in laws or regulations (or an employer’s goals) dictate the amendment of plan and trust documents, ERISA Consultants stands ready to provide the appropriate plan language. We also arrange for IRS approval of the changes, if appropriate or required. ERISA Consultants sponsors both prototypes and volume submitter plans. All documents have received are completely updated for the "GUST" law changes and all have received an IRS approval letter. Our
documents also include the EGTRRA "Good Faith Amendment" which
allows employers to take advantage of the incentives offered in the
latest tax act.
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Plan Termination or MergerOnce a plan has completed its purpose, or if an employer so
desires due to a change in business status or conditions, ERISA Consultants’
technical staff will undertake the necessary steps to successfully terminate the
plan and its accompanying trust, with no negative impact on the plan’s
qualified status. We are also
capable of merging previously existing plans into one vehicle upon the
completion of a corporate consolidation or merger, where requested.
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Employee Education and CommunicationEducation is the KEY to making any employee benefit plan successful and recognized as a benefit by those it was intended for. Lack of consistent educational efforts on an ongoing basis will doom a plan. Based upon our 20 years of experience as curriculum coordinators and staff for a national designation program, as well as our ongoing satisfaction of educational needs for our clients, we offer you the opportunity to fully address this key area. ERISA Consultants will provide multi-media communication
capabilities to our clients in order to assist employees in understanding and
appreciating their employee benefit plan. Our
services include group presentations, one-on-one meetings with employees,
customized Summary Plan Descriptions (SPDs) and other explanatory items.
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Ongoing SupportUpon engaging ERISA
Consultants as your third-party administrator, you receive full and unlimited
access to our expert staff for all of your questions and concerns.
In effect, we offer a COST FREE lifeline that allows our clients to have
the regulations AND someone who knows them, at their personal disposal.
Any questions or concerns you may have regarding your plan can be
researched through a vast amount of resources available, including the latest
CD-ROM regulatory library and our membership based online research sites. All of our resources are available to you and your
participant via our consultants, and there is never a charge. Our sole focus is to assure that all of our client’s plans
are in compliance at all times with the regulations set forth by the Internal
Revenue Service and Department of Labor. Our
day-to-day support provides for this, as well as simplification of your life.
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[Why
ERISA ?]
[Qualified Plans] [Section
125/132 Plans]
[ERISA Pay] [Professional
Advisors]
[ERISA Clients]
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