Services
Administrative and Consulting Services
Retirement Plan Consultants, Inc. provides consulting services for the following plan types:
- Solo 401(k) Plans
- 401(k) Plans
- Safe Harbor 401(k) Plans
- Profit Sharing Plans
- New Comparability Plans
- Age-Weighted Plans
- Defined Benefit Plans / Cash Balance Plans
Retirement Plan Consultants, Inc. provides the following services related to retirement plans:
- Third Party Administrative (TPA) services
- Nondiscrimination & compliance testing
- Plan design & Plan document services
- IRS/DOL Form 5500 preparation
- Census & eligibility reviews
- Plan audit reviews
- General plan reviews
- Fiduciary responsibility reviews
- Section 404(c) reviews
- Conduct Request for Proposal (RFP) for new provider
- Control group analysis and testing
- Due diligence review prior to acquisitions
- Operations and payroll reviews
Services Provided
Listed below are services that you can expect from us to help you with your plan’s administration. At the end of each plan year, we will conduct the required compliance testing and prepare the annual Form 5500 filing. In addition, we will review your Plan’s provisions against the overall objective of the Plan and notify you if any changes/amendments might be necessary. If your Plan’s needs change during the year, we will work with you to make adjustments to your Plan. Our ultimate goal is to ensure that your Plan objectives continue to be met!
| Service Offerings | Initially | On-Going |
|---|---|---|
INITIAL SET-UP | ||
| Meet with you to discuss objectives | X | |
| Assess the needs of the Company | X | |
| Design a Plan which meets your needs | X | |
PLAN DOCUMENTS | ||
| Prepare plan document | X | |
| Prepare Summary Plan Description (SPD) | X | |
| Prepare Safe-Harbor notices | X | X |
| Prepare plan amendments | X | |
COMPLIANCE TESTING & FILINGS | ||
| Review census information | X | |
| Complete annual compliance tests | X | |
| Prepare IRS/DOL Form 5500 and schedules | X | |
DAY-TO-DAY ACTIVITIES | ||
| Help keep Plan in compliance | X | X |
| Assist in loan & distribution processing | X | |
| Distribute Termination forms to participants | X | |
| Answer questions regarding Plan | X | X |
ANNUAL ACTIVITIES | ||
| Calculate employer matching contributions | X | |
| Allocate employer matching contributions | X | |
| Calculate profit sharing contributions | X | |
| Allocate profit sharing contributions | X | |
| Verify deposits were made correctly | X | |
| Track vesting % | X | |
Retirement Plan Consultants, Inc. is a non-fiduciary Third Party Administrator (TPA) that does not provide legal, tax or investment advice. |
||