Administration

Depending upon the type of plan and the investment platform selected, American Retirement Plan Services, L.L.C. will perform some or all of the following administrative functions:

• Receipt of census data
• Calculation and allocation of contributions
• Download of participant account data
• Receipt of duplicate investment statements or download of daily valuations for Trust Accounting and valuation
• Preparation of annual high-low testing, with report of same to the Trustees (semi-annual testing available upon request)
• Coverage testing as required by the Internal Revenue Service
• Preparation of Beneficiary Forms
• Coordination of limited scope audit by CPA and investment company
• Preparation of Internal Revenue Service forms: 5500, Schedules and any other applicable attachments
• Actuarial Schedule SB for Defined Benefit Plans
• Preparation of Safe Harbor Notice (when applicable)
• Preparation of Information for Required Quarterly Benefit Statements (for plan year 2007 and thereafter)
• Our presence, when requested, at employee enrollment meetings
• Summary annual reports and management reports
• Ongoing telephone support to assist with client questions concerning the plan
• * Distribution calculations for terminated participants
• * 1096, 1099-R and Form 945
• * Loan amortization schedules and security agreements
• * Representation of a client during a plan audit by the Internal Revenue Service or Department of Labor
• * Hardship withdrawal forms (when applicable)
  • *separately invoiced on a time/charges basis