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CSB Services Include
(but are not limited to)
Defined Benefit Pension Plans
- Actuarial valuations for both funding and accounting purposes
- AFTAP certifications
- Annual funding Notices / Summary of Annual Reports
- Form 5500 including Schedule SB.
- Pension Benefit Guaranty Corporation (“PBGC”) annual premium calculations
- ASC 715-30 (formerly FAS 87, 88, 132, 158) reports for qualified and SERP plans
- Top-Heavy and Non-Discrimination Testing
- IRS Determination Letter applications
- Plan Documents and Plan Amendments
- Special studies to determine cost impact due to plan changes, including early retirement windows
- Certification of Funding Status for multi-employer plans
- Benefit calculations
- Individual Benefit Statements
- Plan Terminations
- Plan Design Studies
Defined Contribution Plans
- Maintain participant records, including eligibility for participation, vested status, employee contributions, employer contributions, and account balances.
- Determine trust fund gain or loss, receivables and benefit disbursements
- Update participant accounts by allocating contributions, forfeitures, trust fund gain or loss, and adjust distributions and withdrawals
- Conduct nondiscrimination test required for 401(k) plans
- Furnish individual benefit certificates for participants
- Prepare the annual report (Form 5500) and appropriate schedules for filing with Internal Revenue Service
Post Retirement Medical and Life Insurance Programs
- Conduct special studies to determine cost of plan changes
- Determination of Net Periodic Benefit Cost and financial disclosure items required in accordance with ASC 715-60 (formerly FAS 106, 132)
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