Annual Administrative Services
PPP provides the following annual consulting administrative services as required by the Employer’s Employee Benefit Plan.
- Data collection and review to determine employee eligibility, vesting and break in service status.
- Defined Contribution Plans – Annual allocations of earnings, forfeitures, employer and employee contributions.
- Defined Benefit Plans – Actuarial calculations to determine required contributions for the minimum funding standard account and the determination of accrued and vested benefits.
- Review for top-heavy status under IRC Section 416.
- Preparation of individual benefit statements for plan participants.
- Report for employer summarizing annual work.
- Preparation of master Summary Annual Report (“SAR”) for distribution to plan participants.
- Preparation of PBGC Annual Report.
- Actuarial Certification for Defined Benefit Plans.
- Preparation of release forms to distribute benefits in the event of retirement, death, disability or termination of employment of a participant.