Compliance and Government Reporting
Qualified retirement plans are subject to complex Federal laws and regulations. At EZ Pension Services, our compliance experts will review all legal issues related to the plan, perform compliance testing, and provide guidance to ensure that the retirement plans are in compliance with government regulations. We will update our clients on legislative, regulatory and legal developments and changes that may impact their plans. Our actuaries will conduct extensive annual testing to comply with complex nondiscrimination rules. We will also prepare all government filings with the Internal Revenue Service (IRS), the Department of Labor (DOL), and the Pension Benefit Guaranty Corporation (PBGC). For example, our staff will provide guidance on filing Form 5500 through the EFAST2 web-based filing system.
Our compliance and reporting services include the following:
· Calculate §404 tax-deductible contributions
· Conduct §415 Annual additions testing
· Conduct §416 Top heavy testing
· Perform §401(a)(26) minimum participation testing
· Perform §410(b) coverage testing
· Perform §401(a)(4) nondiscrimination testing
· Conduct ADP/ACP testing
· Perform §402(g) testing
· Prepare IRS Form 5500 and related schedules
· Assist in EFAST2 filing of Form 5500 with Department of Labor
· Prepare Summary Annual Report
· Prepare Annual Funding Notice
· Prepare and assist in PBGC filing
· Prepare 1099R reporting