Retirement Plan Services

Defined Benefit Pension Plans

• Perform regular actuarial valuation of the plan
  
• Conduct special studies to determine cost of benefit improvements and other plan changes
  
• Calculate benefits for retired or terminated participants and the surviving spouses of deceased participants
  
• Prepare PBGC Form 1, the annual premium payment form, for filing with the Pension Benefit Guaranty Corporation
  
• Furnish the net periodic cost and financial disclosure items required in accordance with FASB, Statements Nos. 87 and 88
  
• Prepare the annual report (Form 5500) including the required actuarial certification contained in Schedual B, and other appropriate scheduals, for filing with Internal Revenue Service

Defined Contribution Plans

• Maintain participant records, including eligibility for participation and vested status
  
• Determine trust fund gain/loss, receivables and benefit disbursements
  
• Update participant accounts by allocating contributions, forfeitures, trust fund gain/loss and adjust for distributions and withdrawals
  
• Conduct nondiscrimination tests required for 401 (k) plans
  
• Furnish individual benefit certificates for participants
  
• Prepare the annual report (Form 5500) and appropriate scheduals for filing with Internal Revenue Service