Defined Contribution Plan 

Recordkeeping & 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 72 distributions.