Once we have solidified an appropriate plan together, we support the
implementation and administration of your plan with the following
services:
Plan conversions are implemented by preparing all conversion documents;
determining funds configuration, report requirements, cash flow,
and various responsibilities and schedules. Alliance configures
the trading platform for multiple fund trading.
Alliance conducts custom enrollment meetings in conjunction with
an investment advisor. We provide custom enrollment materials. Alliance
processes all new participant enrollment information.
We assist with participant contribution allocation and processing
by accepting monthly employee deferrals and loan repayments via
electronic data transfer and administering all contribution deductibility
calculations.
We design and implement employer match contribution formulas including
safe harbor matches and step rate matches.
Alliance designs and calculates Employer Profit Staring Contributions
allocations including integrated, non-integrated and cross-tested
benefit formulas.
Alliance prepares actuarial valuations for defined benefit pension
plans; performs calculations and certification of benefits for individuals
who retire, terminate or die; and relevant plan projections.
The Retirement Plan Information Line
includes Internet Access and a toll-free telephone number. Participants
access the web site or call the toll-free phone number for plan
balance inquiries and to initiate plan transactions.
Participant accounts are valued on each business day. Services include
timely investment of contributions; daily balancing of participant
and plan level accounts; account inquiry by participant and sponsor;
and periodic participant statements. We maintain participant account
records and posting of withdrawals, loans, transfers and/or future
allocation changes among investments, dividends, interest or other
earnings, contributions, credits from service fees paid by mutual
funds and plan expenses.
Participants are allowed to trade individual stocks, bonds and mutual
funds with any brokerage firm. Accounts are consolidated and reported
on a trust level as required by the IRS.
If an investment advisor manages a private fund for your Plan, Alliance
has the ability to unitize the account, assign units to individual
participants and price the unit on a daily basis.
Individual participant statements are prepared periodically. Statements
detail account activity and are mailed in accordance with the company's
specifications. Statements can be customized.
Reports for all compliance testing, including the proper identification
of testing categories are available. Our experienced staff performs
410(b), 415, 414(s), 404, 416, 401(k), 401(m) and other pertinent
testing.
(5500 and required schedules, 1099R, 1096)
We prepare IRS Form 5500 and required schedules. Alliance provides
complete plan distribution requirements including IRS Forms 1099R
and 1096.
All required notes, disclosures, spousal consents and amortization
schedules are prepared upon request. Loan repayments are tracked
through payroll deductions.
We process plan distributions, including the preparation of the
required distribution notices, election forms, check writing and
federal and state tax forms.
We calculate the minimum required distribution for participants,
who are over age 70 ½, according to distribution regulations
and ensure that participants and beneficiaries receive distributions
within designated deadlines.
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