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Services
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Plan Consulting, Design and Implementation
Our approach to consulting, design and implementation is very straightforward. We provide the following services on the most professional and cost-effective basis possible:
- Retirement Plan feasibility studies and benefit/cost redesigns
- Document preparation and qualification services
- Plan implementation and installation Employee Communications
- Plan reconstruction Special Study Projects
- Special Study Projects
Plan Administration
The importance of a properly administered plan cannot be overstated. Once a plan is in place, its continued legal compliance is critical for overall success. The services we provide include:
- Reviewing and updating of employee census data
- Reconciliation of trust assets
- Calculation of employer's deductible contribution
- ADP and ACP Testing, Top Heavy Testing, and 410(b) Discrimination Testing
- Completion of statements required for participants
- Completion of annual reporting forms for the IRS, DOL or PBGC
- Actuarial review and certification
- Annual Valuation Report for Employer
- Continual monitoring for on-going regulatory compliance with IRS and DOL Regulations
- Plan terminations and transfers, including 1099-R
- Promissory Note & Amortization Schedules for participant loans
- Meetings with trustees and/or employees
Automated-Web-Based Platforms
NextStep
The BenefitStreet Solution provides integrated pension administrative and reporting services using web-based technology. The solution is provided through a partnership of service providers including: BenefitStreet as the database manager and the recordkeeper, Pension Planners as the third party administrator and MG Trust as the Custodian.
- Advanced daily valuation platform
- Widest possible array of investment options with access to all net asset value funds
- Institutional class funds
- Trades through the National Securities Clearing Corporation (NSCC)
- Reports the transactions and values on a daily basis
- Participant level and Plan sponsor level web access
- Communications and documentation online
- Participant education
- Process transactions for plan administrator approval
- Supports both commission and fee based systems – model portfolios
Third Party Platform
Pension Planners, Inc. also works with the following platforms and providers to streamline processes of communication with clients and financial institutions.
- NextStep
- John Hancock
- Vanguard
- Transamerica
- Nationwide
- Great West
- TIAA-CREF
- Ascensus
- ExpertPlan
- Daily Access
- Hartford
- American Funds
- Principal
- Guardian
- Oppenheimer
- ING
- OneAmerica
- Lincoln National
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