Balance Forward
Recordkeeping Services
Defined
Contribution Plans
>401(k) - 403(b)
- Profit Sharing - Money Purchase Pension
We will
handle any type of investment permitted by law and will work with
self-trusted
plans as well as any custodian, trust company, broker or bank.
Plan Document:
- Full compliant
prototype document is completed and is signature ready
- All
employee communications
- Board
resolutions to adopt plan
- Summary
Plan Description
Services:
- Census Analysis. We can provide services in reviewing participant data for eligibility, service, vesting and more.
- Vesting Administration. Quarterly review of service and hours for processing and reporting.
- Participant Loan Administration. Participant level loan processing, administration and ongoing maintenance.
- Participant Withdrawal and Distribution Administration. Participant level processing of hardship and in-service withdrawals in addition to termination distribution requests.
- Annual Discrimination Testing. Full annual testing package and year-end allocation or refund processing.
- Annual Form 5500 filing. Signature-ready government filing with attachments and Summary Annual Report. We'll work with the plan's accountant and/or auditors to make the annual audit more efficient.
Reporting:
- Quarterly
participant statements - standard or customized
- Quarterly
plan sponsor valuation report
- Reconciliation
of trust report
Tax Forms:
- Form 5500
(appropriate form of this series depending on plan size)
- With EFast Electronic Filing
- 1099
Reporting
Instructions
for opening a New 401(k) or other defined contribution
plan
Print out the New
401(k) Plan Set-up Form and complete it. Feel free to
call us toll-free at 877-254-7085 if you have any questions while
completing the set-up form.
The completed New
401(k) Plan Set-up Form along with a check for the one-time
installation fee of $250 should be mailed to:
Revzon
Consulting Group, LLC
Attn: TPA Services
465 Furnace
Street, Suite 6
Marshfield,
MA 02050
Once the Revzon
Consulting Group has received the completed New 401(k) Plan Set-up
Form along with a check for the fee we will begin to process your
plan. It will take approximately two (2) weeks to set up the
plan and produce the plan documents along with the ancillary forms.
When you receive
the plan documentation package it will contain detailed instructions
as to which forms need to be signed, which ones need to be returned
to us, which ones you should keep, and which ones need to be given to employees.
After signing and
returning the appropriate documents that we have sent to you, the
plan is officially established. We will work with your
financial services firm regarding the asset side of the plan to
ensure we are able to track all of the plan assets.
Our address is
listed above and the remaining contact information is:
Instructions
for opening an Existing 401(k) or other defined contribution
plan
Obtain a copy of
the current plan document [this could be an individually drafted plan
or a prototype plan and adoption agreement]
Obtain copies of
the last two years of 5500 forms
Obtain copies of
the last two years of testing data and reports
Obtain copy of the
current employee census
Print out the Conversion
401(k) Plan Set-up Form and complete. Feel free to
call us toll-free at 877-254-7085 if you have any questions while
completing the set-up form.
The completed
Conversion 401(k) Plan Set-up Form, current plan document, 5500
forms, testing data/reports, and employee census along with a check
for the one-time installation and conversion plan fee of $700 should
be mailed to:
Revzon
Consulting Group, LLC
Attn: TPA Services
465 Furnace
Street, Suite 6
Marshfield,
MA 02050
Once The Revzon
Consulting Group has received the completed Conversion 401(k) Plan
Set-up Form along with a check for the fees we will begin to process
your plan. It will take approximately two (2) weeks to set up
the plan and produce the plan documents along with the ancillary forms.
When you receive
the plan documentation package it will contain detailed instructions
as to which forms need to be signed, which ones need to be returned
to us, which ones you should keep, and which ones need to be given to employees.
After signing and
returning the appropriate documents that we have sent to you, the
plan is officially established. We will work with your
financial services firm regarding the asset side of the plan to
ensure they have all of the plan assets.
Our address is
listed above and the remaining contact information is:
Fees:
New Start-up Plan Installation and Setup
- includes Standardized Prototype Plan Document |
$250.00
|
Takeover Plan Installation/Setup and Conversion
- includes Standardized Prototype Plan Document |
$700.00
|
Annual Administrative Services
- includes Signature-ready Form 5500 package (with EFast Electronic Filing)
- includes Annual required testing
- includes Annual contribution calculations and allocations
Number of Participants
1-10
11-25
26 & Up |
Annual Base Fee
$ 800.00
$1,000.00
$1,000.00 + $15.00 per
participant over 25 |
Per Occurrence Fees
Loan Disbursements
and Setup
Annual Loan Maintenance
Withdrawal and Distribution Processing
Annual Payroll processing (if needed)
Qualified Domestic Relations Order
Restatement of Prototype plan document
Plan Amendments
|
$125.00
$ 75.00
$ 50.00
$ 15.00 per payroll in excess of 12
$ 50.00 for review of order
$250.00
$ 75.00 per amendment
|
Plan Termination Processing and Filing |
$250.00 |
Termination of Services and Plan De-conversion
If plan terminates
within 2 years of set-up, 100% of annual fee in addition to regular fees.
If plan terminates
after 2 years of set-up, 50% of annual fee in addition to regular fees.
|
