Defined Contribution Plans Other Than 401(K) Plans
- Completion of an annual valuation to determine the required and/or maximum permissible contributions.
- Allocation of contributions, forfeitures, investment earnings, and plan expenses among eligible employees.
- Preparation of a valuation report presenting the results of each valuation, a statement of assets and liabilities, a statement of receipts and disbursements, and pertinent information regarding the participants in the plan and their accounts.
- Furnishing each participant with a Statement of Account for each valuation.
- Preparation of required annual reports to the Internal Revenue Service and Department of Labor.
- Preparation of a Summary Annual Report for distribution to the participants.
- Calculation of amounts payable to participants who terminate employment, become disabled, die or retire, and preparation of forms so that payments may commence.
- Preparation of papers for loans to participants.
- Maintenance of historical records for each participant including terminated and retired participants.
- General supervision of the operation of the plan and availability at all times to answer questions regarding the plan.
|
