403(b) Plan Consulting, Compliance, and Assurance Services
Are you prepared
for the significant
changes that will
affect 403(b) plans?
Final regulations for tax-sheltered
retirement plans under
Internal Revenue Code (IRC) 403(b)
generally become effective on
January 1, 2009. At the same time,
revisions to the Form 5500 filing
requirements also go into effect
making certain 403(b) plans subject
to an audit—similar to 401(k) plans.
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Your challenges
- Scrutiny from participants and regulators
- Compliance with regulations
- Industry changes
- Selecting the right provider
- Increasing costs
- Preparing for your audit to save time and money on audit fees
- Fulfilling fiduciary responsibilities
Consulting and compliance services
- Plan documentation
- Facilitate vendor/service provider RFP process
- Benefit program review
- Benefit plan operational and regulatory compliance reviews
- Fiduciary review
- Service provider assessment
- Benefit plan accounting services and record gathering
- Agreed upon procedures for initial account balances
- DOL/IRS noncompliance corrective programs
- Delinquent Form 5500 government filings
- Preparation of Form 5500 government reporting
- Annual compliance/nondiscrimination testing
- Preparation of Form 5330 (excise taxes)
Assurance services
- Benefit plan operational improvements
- Full and limited-scope financial statement audits
- Recommendations and management communication
- Trustee or audit committee communication
- Assistance with DOL or IRS investigation audits
Our service approach
LarsonAllen’s benefit services team is made up of dedicated professionals who spend
100 percent of their time serving the needs of more than 500 plan sponsors.
We’ll help you understand your responsibilities to comply with the first major
regulation changes to 403(b) plans in four decades We’ll also advise you on whether
your 403(b) plan will be subject to an audit.
Contact us for more information.
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