Products and Services
Compliance Review & Administration
We provide a wide range of compliance review services for plan administrators. These services are designed for plan sponsors looking to both assess and improve their level of compliance, from the perspective of IRS / DOL standards, Sarbanes Oxley, and best practices.
Beyond compliance, we offer a full spectrum of services designed to implement improved processes. We conduct these reviews being keenly aware of the sensitive nature of the projects and the findings. We believe in a "no surprises" approach, whereby all discoveries are discussed with appropriate parties (both inside and outside of the organization) throughout the process. We also believe in utilizing a formal approach towards project management, including the setup of recurring triage and checkpoint meetings throughout the duration of the project.
Documentation Compliance
- Plan documents
- Trust documents
- Summary plan descriptions and summary of material modifications
- Employee communication materials (e.g. forms and notices)
- Form 5300 filings
Operational and Procedural Compliance
- Alignment of internal and external processes with best-practices
- The operational interpretation of recent changes in the plan and applicable laws
- Application of plan provisions, including eligibility and coverage
- Calculations of benefits amounts
- Definitions of compensation
- Application of IRS compensation and benefit limitations
- Form 5500 filings
- Distribution and loan provisions
- QDRO administration
- Nondiscrimination testing (including benefits and coverage, ADP, ACP, and dependent care testing)
- Health claims procedures
- COBRA and HIPAA compliance
- Treatment of acquisitions and divestitures
- DOL filing requirements for top-hat plans
Fiduciary Compliance
- Fiduciary designations and authorities granted by the sponsors and plans
- Persons or entities acting as fiduciaries
- Participant appeals processes
- Analysis and insurability of the fiduciary exposure
Data Analysis
- Plan eligibility
- Vesting service
- Service-based benefits (e.g. pension benefits, profit sharing contributions, retiree medical eligibility and premiums)
- Calculated values
Government Reporting & Disclosure Compliance Calendar