Plan Installation Services Include:

a. IRS Qualified Volume Submitter Adoption Agreement
b. IRS Qualified Volume Submitter Plan and Trust Documents
c. Summary Plan Description Booklets
d. Employee Investment Election Forms
e. Plan Design and Consulting Services

Plan Administration Services Include:

Quarterly Administration Services:

• Monthly employee deferral allocation processing
• Trust financial statements and income reporting
• Individual participant benefit statements
• Loan, withdrawal, and distribution administration
• Copies of reports sent to interested parties

Annual Reports and Compliance Testing:

• Internal Revenue Service Form 5500 preparation and filing
• Individual participant benefit statements
• Discrimination tests as required
• Plan top-heavy testing and calculations
• IRC section 415 limitation testing
• Internal Revenue Service 1099-R Forms

Internet and Toll Free Information Line:

• Internet and toll-free access to account balances
• Loan information and processing
• Daily investment switching capability
• Participant election form modifications daily

ERISA Bonding Requirements

Every employer who sponsors a tax-qualified retirement plan for its employees must purchase a Fidelity Bond. The purpose of the Fidelity Bond is to protect plan participants from financial losses as a result of fraud or dishonesty on the part of plan fiduciaries or others who handle plan funds. The amount of the Fidelity Bond must generally be equal to at least 10% of plan assets, subject to a minimum of $1,000 and a maximum required bond of $500,000.

Fiduciary Liability Insurance

It is also prudent for Trustees and other plan officials to purchase Fiduciary Liability Insurance to protect themselves. Fiduciary Liability Insurance is optional coverage which protects plan fiduciaries against claims by plan participants for acts or omissions relative to plan investment and administrative activities.