Defined Contribution Administration and Record Keeping

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 and record keeping process for defined contribution plans, including:

· Collecting employee census data

· Determining employee eligibility and plan entry.

· Determining and maintaining employee vested percentage records.

· Determining eligibility for allocation of contributions and forfeitures

· Allocating employer and employee contributions

· Allocating plan forfeitures

· Allocating plan investment earnings

· Reconciling and reviewing plan assets and trust accounts

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

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

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

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

· Preparing individual employee statements

· Assisting in the payroll processing of plan contributions and loan payments

· Assisting in fund transfers process based on employee elections

· Processing of Roth 401 (k) conversion