services

Complemented by state of the art computers and software, the highly qualified staff of PPP provides timely and accurate plan administration. The number of employees in the plans we administer range from one to several hundred.

All clients are provided with a toll free telephone number for their convenience.

Initial Plan Design

  • Plan Design
  • Cost Analysis and Allocation
  • Plan Documents
    • Plan & Trust
    • Summary Plan Description
    • Notice to Interested Parties
    • Corporate Resolutions
    • Beneficiary Designation Forms
  • Internal Revenue Service Submission and Approval

Plan Administration

AS OF ANNIVERSARY DATE

  • Gather Current Census Data from Employer
  • Gather Trust Financial Information
    • Assets and Liabilities
    • Contributions
    • Income and Disbursements
  • Review and Reconcile Trust Transaction

ANNUAL COST CALCULATIONS

  • Calculate Eligibility for all Employees
  • Calculate Benefits and Cost for all Participants
  • Prepare Actuarial or Annual Valuation
  • Complete All Discrimination Testing
  • Prepare Individual Benefit Statements
  • Prepare Summary Annual Report

PREPARATION OF GOVERNMENTAL FORMS

  • Internal Revenue Service
  • Form 5500 Series Forms and Related Schedules
  • Form 5558, if applicable
  • Pension Benefit Guaranty Corporation
    (PBGC Form 1 and Schedule A)

UPON TERMINATION OF EMPLOYMENT

  • Calculate Vested Accrued Benefits
  • Calculate Alternate Forms of Payment
  • Prepare Election Forms
  • Prepare Termination Forms

RETIREMENT OF A PARTICIPANT

  • Calculate Retirement Benefits
    • Normal Forms of Benefit
    • Optional Forms of Payment
  • Preparation of Termination Documents
    • Participant Termination Information Form
    • Joint & Survivor Information
    • Participant Release Form
    • Federal Income Tax Withholding Election Form

THROUGHOUT THE YEAR

  • We must be Advised Immediately of any Changes in Status of a Participant
    • Withdrawal from the Plan
    • Disability
    • Leave of Absence
    • Approaching Retirement
    • Death