Compliance Review

ERISA Requirements

Plan asset rule review, reporting and disclosures including Form 5500, 8955 SSA, SAR, Fee Disclosures, Universal Availability Notice, and Qualified Default Investment Alternative (QDIA) Notice.

Non Descrimination Testing

Contribution Limit Calculations (401(a)(17, 415, 402(g), 414(v) and 402(g)(7)), Eligibility Compliance Review, Technical Assistance with Corrections.

Vesting

For plan years beginning after December 31, 2006, all employer contributions must be fully vested either after three years, or in 20% increments beginning with the employee's second year of service.

Benefit Payments

Reviews administration of benefit payments, and congruence between vendor’s contracts and plan document.

Plan Documents

Review of plan document and summary plan descriptions, plan administration policies, salary reduction agreements, custodial agreements, employee education, document procedures and record retention policies.

Eligibility

Review of eligibility requirements set in the plan document and administration of requirements with participants (Years of service, Service Grades, Age Requirements).

Fiduciary Duties

Review of plan administration, internal controls, compliance with plan document requirements and provisions, recommendations for vendor due diligence and investment performance for fiduciary.

Funding

Review of minimum funding requirements are met by plan definition.

Forfeitures

Plan forfeiture administration review.