Defined Benefit Administration

Plan administration is a complicated and time-consuming process. The process involves not just the day-to-day operational tasks, but also compliance with government rules and regulations. 

At EZ Pension Services, a team of experts will help guide our clients through the administration for defined benefit plans, including:

· Collecting employee census data

· Determining employee eligibility and plan entry.

· Determining and maintaining employee vested percentage records.

· Determining eligibility for allocation of contribution

· Conducting ERISA valuation to determine annual contribution

· Conducting FAS 87/88/132 expense valuation

· Conducting FAS 106 valuation

· Preparing actuarial report

· Preparing AFTAP certification

· Reconciling and reviewing plan assets and trust accounts

· Calculating benefit accrual

· Preparing the Annual Funding Notice

· Calculating benefit and preparing distribution notices and Form 1099-R

· Calculating minimum 70-1/2 distribution and preparing documents

· Processing loan application, including establishing loan accounts, preparing promissory note and amortization schedule

· Processing hardship withdrawal - determining hardship distribution amount and preparing distribution notices

· Preparing individual benefit statements

· Calculating PBGC premiums

· Calculating Qualified Domestic Relations Order (QDRO) benefit