• Design and Implementation
  
• Recordkeeping, Administration and Reporting
  
• Annual Compliance Testing and Government Reporting
  
• Consulting Services
  

Design and Implementation

Customizing a new or existing plan to the needs of the owners, employees and the business itself.

Preparing Plan and Trust Document including:

• Adoption Agreement (prototype plans)
  
• Related Employer Supplemental Participation Agreement
  
• Administrative Forms
  
• Employer Resolution
  
• Funding Policy
  
• Summary Plan Description
  
• Submitting IRS Package for Favorable Determination Letter.
  
• Notifying Interested Parties of Intent to File with IRS.
  
• Employee Communication.
  

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Plan Recordkeeping, Administration and Reporting

We offer the following ongoing administration services:

• Census reconciliation including:
  
  • Employee eligibility and plan entry dates
    
  • Vested percentages
    
  • Participant eligibility for Employer contributions and forfeitures (Defined Contribution)
    
• Asset reconciliation including:
  
  • Insurance Policies
    
  • Fiduciary Bonding
    
  • Plan Trust Reconciliation
    
  • Plan earnings allocation (Defined Contribution).
    
• Contribution allocations and reconciliations including (Defined Contribution):
  
  • Employer
    
  • Employee
    
  • Forfeiture
    
• Preparation of Annual Valuation Report including (Defined Contribution):
  
  • Financial Summary
    
  • Census, Contribution and Distribution Reporting
    
  • Participant Summary of Accounts
    
• Retirement calculations including:
  
  • Prepare customized annual participant statements.
    
  • Determine benefits and prepare Participant Distribution Packages.
    
  • Monitor and calculate minimum distribution amounts required for 70½ distributions.
    

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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 regulation. We provide the following services, if applicable:

• Contribution deductibility calculations (§404)
  
• Coverage testing. (§410(b))
  
• Compliance review.(§415)
  
• Top heavy testing. (§416)
  
• Non-discrimination testing.
  
• Preparation of DOL Form 5500 and related schedules.
  
• Preparation of Summary Annual Report for participants.
  
• Preparation of 401(k) Safe Harbor annual notices (Defined Contribution).
  
• Preparation of plan amendments and corporate resolutions.
  
• Annual ERISA Valuation report, which includes (Defined Benefit):
  
  • Range of allowable deductible contribution
    
  • Projected benefits for plan participants
    
  • Vested accrued benefits for plan participants
    
  • Summary of Insurance
    
• Annual FASB Valuation (Defined Benefit)
  
• PBGC Annual Premium Payment forms (Defined Benefit)
  

Consulting Services

Our ongoing consulting services include, but are not limited to, the following:

• Conduct special plan or participant benefit studies or projections.
  
• Provide recommendations and assistance with plan design changes.
  
• Prepare plan amendments.
  
• Assist with IRS and DOL audits.
  
• Serve as Expert Witness.
  
• Provide Actuarial Opinions.
  
• Assist in plan terminations and mergers.
  

Services for Your Business from ABS

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