The quality of your employees' retirement depends on the quality of your retirement program. Let's work together to create a plan both you and your employees can be proud of.
There are so many retirement plan options available in the marketplace today, and determining which one is right for your unique needs is crucial. But where can you find a plan that has all of the features and benefits both you and your participants demand, and objective advice to help you sort through your options?
That's where we can help. At First Business, we work with you to understand all of your challenges and opportunities. We then help you to define clear, achievable goals for your plan and provide you with the resources and expertise to identify a retirement plan that can help attract and retain the best employees.
Description of Services
- Employee Communication & Education
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- On-site enrollment consultation
- On-site education consultation
- Enrollment guide personalized by employee information
- Fiduciary Support
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- Nondiscretionary trustee services
- Annual plan year-end summary package
- Annual auditor’s package
- Form 1099-R reporting
- Annual SAS 70 report
- Plan Sponsor Services & Tools
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- Dedicated relationship management team
- Testing and tax reporting specialists
- Quarterly administrative reports
- Ongoing plan design consultation
- Annual administration review with relationship management
- Flexible plan document including numerous vesting, matching, & profit sharing options
- Employee Services & Tools
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- Exchanges, future contribution elections
- Exchanges, future contribution elections
- Compliance & Reporting Services
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- Form 5500 preparation
- Summary annual report
- Top-heavy testing (under IRC Section 416)
- Elective deferral monitoring (under IRC 402(g) for calendar year)
- IRC Section 415© (1) limitation monitoring
- Minimum coverage testing (ratio percentage only)
- Actual deferral percentage (ADP) testing
- Actual contribution percentage (ACP) testing (as applicable)
- Non discrimination testing (IRC 401(a)(4))
- Investment Options
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- Diversified investment options
- Annual investment reviews
- Thousands of investment choices
- Design model portfolio
