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Employee Benefits Group

The mission of our Employee Benefits Group is to assist employers in exploring, evaluating, developing and maintaining employee benefit programs, customized to meet their needs for their employees. We recognize that employers’ needs vary based upon company size, industry demographics, location and competition for recruiting a skilled workforce. We can design the plan to maximize owner related contributions, encourage the broadest base of participation, etc. Our consultants have the experience you need to give a competitive advantage in your hiring process and retaining an outstanding workforce.

We believe that the establishment and maintenance of employee benefit plans should not be a burden to the employer. We remove the hassle from the regulatory maze of such plans by providing benefit administration services (third party administration) for cafeteria plans, profit sharing, 403(b) and 401(k) plans. Our goal is to assist management in maintaining compliance with the complex rules and regulations by offering a user-friendly service environment. We also provide 401(k) audit services that comply with the ERISA audit and reporting requirements.

Retirement Plans

Annual Plan Services:

• Administration, including
  • Review of Census Information
  • Employer Summary of Accounts
  • Discrimination Testing
  • Top Heavy Calculation
  • Allocation of Annual Employer Contribution / Forfeitures
• Preparation of IRS Form 5500, related Schedules and SAR

Plan Design & Installation Services

• Protype Plan
• Volume Submitter Plan Includes:
• Consultation on plan design
• Preparation of plan document
• Preparation of corporate resolution to adopt plan
• Preparation of Summary Plan Description
• Preparation of Plan Administrator's Guide

Additional Services:

• Participant Distributions
• Hardship Distributions
• Participant Loans
• Initial set up (includes standard loan documents and amortization schedule)
• Annual accounting
• Transition Services - Review of plan documents and set up on automated administration system

Flexible Benefit Section (125) Plans

Plan Set Up and Installation

• Premium Only
• Medical Reimbursement
• Dependent Care

Annual Plan Administration Services

• Discrimination Testing

Miscellaneous Services

• Monthly Administration
• Employee Seminar

Did You Know…

• Cafeteria Plans are an innovative way for you to save tax dollars.
• Cafeteria Plans allow you to pay medical and dependent care expenses with pre-tax dollars.
• Employee – paid group insurance premiums can also be paid with pre-tax dollars using a
    Cafeteria Plan.
• You most likely do not need to file Form 5500 for your Cafeteria Plan anymore.
• An employer – sponsored retirement plan is a substantial source of income for today and
    tomorrow’s retirees.
• A 401(k) plan is a tremendous tool for employees to save for retirement on a pre-tax
    basis.