Pension Associates - Maximized Pension Design 

Our Services

Because we are a full service consulting and administration firm, partnering with us ensures that the needs of you and your employees will be met. We offer a full range of retirement plan services. Click below for details of the services provided.

arrow Plan Design and Implementation
arrow Defined Contribution Plan Recordkeeping and Administration
arrow Defined Benefit Plan Actuarial Services and Administration
arrow Annual Compliance Testing and Government Reporting
arrow Consulting Services
arrow Customer Account Web Portal

Plan Design and Implementation

Selecting, customizing and implementing a plan can be a complex process. Our professional staff will guide you through each step of the process including:

  • Review the employer's controlled group and/or affiliated service group situation.
  • Design a plan tailored to meet the needs of the owners, employees and the business itself.
  • If we are taking over a plan already in existence, we will review the existing plan provisions and recommend changes to fully meet the employer's goals and objectives.
  • Prepare plan documents as required by the IRS.
  • Prepare the Summary Plan Description that is required to be distributed to plan participants.
  • Prepare customized enrollment and administrative materials.

Defined Contribution Plan Recordkeeping and Administration

We perform the following services in order to provide smooth and efficient plan operation:

  • Calculate employee eligibility and plan entry.
  • Maintain participant vested percentage records.
  • Instruct your plan administrative contact on processing payroll, allocating contributions and loan payments according to the participant's investment elections.
  • Determine eligibility for allocation of employer contributions and forfeitures.
  • Allocate employer and employee contributions.
  • Allocate plan earnings.
  • Allocate forfeitures, if applicable.
  • Distribution processing: Calculation of distribution amount, preparation of required distribution notices, release forms and IRS Form 1099-R.
  • Loan processing: Set up of loan accounts, preparation of promissory note and amortization schedule and tracking loan repayments.
  • Hardship withdrawal processing: Determination of hardship distribution amount and preparation of application forms.
  • Reconcile trust accounts.
  • Prepare customized participant statements.
  • Monitor participants who are required to receive age 70½ distributions.
  • Recordkeeping is handled through affiliations with industry leading retirement plan investment platforms.

Defined Benefit Plan Actuarial Services and Administration

Our professional staff has the expertise and up-to-date technology to provide the necessary actuarial and administrative assistance to manage your defined benefit plan:

  • Calculate employee eligibility and plan entry.
  • Maintain participant vested percentage records.
  • Determine eligibility to receive benefit accrual.
  • Prepare annual actuarial report and certification.
  • Actuarial determination of required employer contributions.
  • Preparation of individual benefit statements.
  • Distribution processing: Calculation of distribution amount, preparation of required distribution notices, release forms and IRS Form 1099-R.

Annual Compliance Testing and Government Reporting

Our professional staff has the knowledge and expertise to help keep your retirement plan in compliance with federal laws and regulations and, should violations occur, provide you with methods of correction. We provide the following services, if applicable:

  • Contribution deductibility calculations (§404).
  • Annual additions testing (§415).
  • Top heavy testing (§416).
  • Coverage testing (§410(b)).
  • ADP/ACP testing (applicable to Non-Safe Harbor 401(k) plans).
  • Preparation of IRS Form 5500 and related schedules.
  • Preparation of Summary Annual Report for participants.
  • Preparation of appropriate PBGC form (for defined benefit plans only).

Consulting Services

  • Plan amendments, terminations and mergers.
  • Assist with IRS and DOL audits.
  • Provide assistance with plan design changes.
  • Conduct special plan or participant benefit studies or projections.

Customer Account Web Portal (Coming Soon)

Our user friendly web portal allows customers and advisors to transmit data, review account information and communicate with our pension experts quickly and securely. 

  • Access our web portal through the “Sign In” link with the credentials provided by your consultant.
  • View your list of plans and all related information.
  • Submit fillable web forms, such as Data Worksheets, Document Checklists, Termination and Loan Notices, etc.
  • Retrieve forms previously submitted to save as PDF or print for your records.
  • Retrieve reports uploaded by your consultant, which may include your Annual Valuation, 5500 Filing, Loan or Termination Packages, etc.
  • Our web portal is only for advisors and paying customers. Participants must contact the plan sponsor at their company when requesting downloadable forms.