Small Plan Consulting and Compliance
Be confident in your fiduciary actions as a small retirement plan sponsor. We put an independent lens on how you are administering small retirement plans. You’ll get clarity on compliance.
What's on your mind?
- Fulfilling your fiduciary responsibilities as an employer
- Complying with guidelines set by the Employee Retirement Income Act of 1974 (ERISA) and enforced by the Department of Labor (DOL)
- Administering the plan in accordance with the required provisions
- Scrutiny from participants in a defined contribution plan, such as profit sharing, 401(k), or 403(b)
- Review and preparation of Form 5500
Small plan consulting and compliance services to get you started
- Evaluation of internal control processes and procedures
- Agreed-upon procedures, including analysis and verification of:
- Timeliness of employee contribution remittances
- Employee salary deferrals and employer contribution calculations
- Contributions posted to participant accounts
- Contribution allocation to participant investment options
- Earnings allocation to participant accounts
- Employee eligibility
- Participant vesting
- Participant level accounting reconciliation to plan level reporting
- Employee benefit plan operational enhancements
- Identification of risk areas
- Third party administrator report assessment (SSAE 16/SAS 70)
- Assistance with:
- DOL or IRS plan examinations
- IRS plan qualification corrections
- DOL compliance corrections
A noticeably different experience
Our employee benefits professionals are 100 percent dedicated to servicing plan sponsors on operational compliance issues. You will benefit from working with professionals who have more than 50 years of combined experience providing employee benefit assurance and consulting services to plan sponsors.
Contact us for more information.