Our Services
Because we are a full service
consulting and administration firm, partnering with us
ensures that the needs of you and your employees will
be met. We offer a full range of retirement plan
services. Click below for details of the services
provided.
Plan Design and
Implementation
Selecting, customizing and
implementing a plan can be a complex process. Our
professional staff will guide you through each step of
the process including:
- Review the employer's controlled group and/or
affiliated service group situation.
- Design a plan tailored to meet the needs of the
owners, employees and the business itself.
- If we are taking over a plan already in
existence, we will review the existing plan
provisions and recommend changes to fully meet the
employer's goals and objectives.
- Prepare plan documents as required by the IRS.
- Prepare the request for an IRS determination
letter, if applicable.
- Prepare the Summary Plan Description that is
required to be distributed to plan participants.
- Prepare customized enrollment and administrative
materials.
- Conduct employee meetings to communicate the
provisions of the plan.
Defined
Contribution Plan Recordkeeping and Administration
We perform the following services in
order to provide smooth and efficient plan operation:
- Calculate employee eligibility and plan entry.
- Maintain participant vested percentage records.
- Process each payroll, allocating contributions
and loan payments according to the participant's
investment elections.
- Process fund transfers in accordance with
participant elections.
- Determine eligibility for allocation of employer
contributions and forfeitures.
- Allocate employer and employee contributions.
- Allocate plan earnings.
- Allocate forfeitures, if applicable.
- Distribution processing: Calculation of
distribution amount, preparation of required
distribution notices, release forms and IRS Form
1099-R.
- Loan processing: Set up of loan accounts,
preparation of promissory note and amortization
schedule and tracking loan repayments.
- Hardship withdrawal processing: Determination of
hardship distribution amount and preparation of
application forms.
- Reconcile trust accounts.
- Prepare customized participant statements.
- Monitor participants who are required to receive
age 70½ distributions.
Defined Benefit
Plan Actuarial Services and Administration
Our professional staff has the expertise and
up-to-date technology to provide the necessary
actuarial and administrative assistance to manage your
defined benefit plan:
- Calculate employee eligibility and plan entry.
- Maintain participant vested percentage records.
- Determine eligibility to receive benefit
accrual.
- Prepare annual actuarial report and
certification.
- Actuarial determination of required employer
contributions.
- Preparation of individual benefit statements.
- Distribution processing: Calculation of
distribution amount, preparation of required
distribution notices, release forms and IRS Form
1099-R.
Annual
Compliance Testing and Government Reporting
Our professional staff has the knowledge and
expertise to help keep your retirement plan in
compliance with federal laws and regulations and,
should violations occur, provide you with methods of
correction. We provide the following services, if
applicable:
- Contribution deductibility calculations (§404).
- Annual additions testing (§415).
- Top heavy testing (§416).
- Coverage testing (§410(b)).
- ADP/ACP testing (applicable to 401(k) plans).
- Preparation of IRS Form 5500 and related
schedules.
- Preparation of Summary Annual Report for
participants.
- Preparation of appropriate PBGC form (for
defined benefit plans only).
Consulting
Services
- Plan amendments, terminations and mergers.
- Assist with IRS and DOL audits.
- Provide assistance with plan design changes.
- Conduct special plan or participant benefit
studies or projections.
Cafeteria Plan
Administration
In June 2006 DeMars Pension Consulting Services,
Inc. acquired an existing company with more than 20
years experience in cafeteria plan administration.
This company is now a wholly-owned subsidiary of
DeMars Pension Consulting Services, Inc. and operates under
the name of DeMars Cafeteria Plan Administrators, LLC.
Services provided are as follows:
- Plan document preparation
- Plan administration
- Employee enrollment meetings
- Consultation and training
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