Service Overview
Plan Administration and Consulting Service
Starbridge Benefits Solutions can serve all your plan’s administrative needs — in a highly professional manner. Moreover, our services relieve you of most of the burdens of plan administration.
OUR SERVICES INCLUDE:
Plan Review and Design – we can review your current retirement plan situation and help you determine whether your current plan is meeting your business needs. If you are considering adopting a new plan, we can assist you in selecting the plan that is right for your situation.
Plan Document Services – utilizing an IRS-approved document, we can design a defined contribution plan solution that is targeted to your specific situation. If your circumstances change, we will work with you to amend your plan document. Document services include the summary plan description, regulatory notices, and administrative forms for profit, sharing plans, 401(k) plans, and cash balance defined benefit plans.
Plan Reporting – Starbridge Benefits Solutions makes available to you a variety of plan reports and statements. These allow you to make knowledgeable management decisions regarding the operation of your
plan. Our reporting system provides you with timely, accurate and comprehensive reports that can be customized to meet your special reporting needs. As part of our plan reporting services, we prepare and assist you in the electronic filing of the annual information returns (e.g. form 5500, 1099R, etc.) required by the government for your plan.
Plan Allocations and Testing – On at least an annual basis, we will gather your census information and perform contribution allocations, and the required testing for the plan. We will work with you and your tax accountant to determine the exact amount and timing of the contribution deposits. We test the plan to ascertain compliance with the IRS discrimination and top-heavy plan rules. We have years of experience dealing with new comparability (cross-tested) plans. Any corrective measures will be communicated to you promptly to avoid regulatory action.
We take pride in providing personalized services to our clients and their financial advisors. Qualified plans exist in a complex regulatory environment; we understand the rules and can clearly explain them to you.
