Services

standard services

Included in all Plan Administration packages:

Ongoing advice and guidance regarding plan qualification.
Determination of participant eligibility and vesting on an annual basis or as-needed upon distributable event.
Annual Compliance Testing (Discrimination, Top Heavy, Coverage, and Contribution Limitations).
Calculation and Reconciliation of Employer Contributions and Forfeitures.
Annual Valuation Report.
Preparation of Form 5500 Package and Form 8955-SSA (as required).
Preparation of Summary Annual Report (SAR).

as-needed services

Services available for an additional fee:

Participant withdrawal review and processing.
Participant loan setup and processing.
Corrective distribution setup and processing.
Qualified Domestic Relations Order (QDRO) review and processing.
Preparation of Forms 5558, 1099-R and 1096 (as needed).
Plan document amendments and restatements.
Plan termination and merger assistance.
Mid-year testing and contribution projections.
IRS/DOL plan audit assistance and representation.

other plan services

Keeping up with the latest Federal requirements and maintaining an employer-sponsored retirement plan can be confusing, frustrating, and overwhelming. Benchmark Retirement is here to guide you!

We provide news regarding important legislation updates and how they can affect your plan.
We provide a general analysis of your plan's performance at the end of each year.

And we'll do this in a language that is easy to understand.

plan compliance and correction services

Things happen, we get it. And Benchmark Retirement wants to help! Don't let simple innocent mistakes fester into major consequences for your company or your plan. If...

Something goes wrong.
You got a menacing letter from the IRS.
A "strange" situation you've never seen before.
A simple question.

Send us an email or give us a call. We will analyze the situation and provide you with the necessary steps to get things running properly again.