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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:
Processing Services:
Reporting:
Tax Forms:
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:
The Revzon
Consulting Group
Attn: TPA Services
155 Leavitt Street
Hingham, MA 02043
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 fee of $250 should be mailed to:
The Revzon
Consulting Group
Attn: TPA Services
155 Leavitt Street
Hingham, MA 02043
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:
Participant Recordkeeping
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Number of Participants
1-10
11-25
26 & Up |
Annual Fee
$450
$650
$650 plus $15 per
participant over 25 |
The above fees
include a standard format participant statement. Custom
statements showing investment return and market commentary are
available upon request. The cost for these statements is $50
per valuation plus $0.90 per participant per valuation.
Ancillary Fees
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Loan Disbursements
and Setup
Loan Maintenance
Annual Testing
Distribution Calculation
Payroll processing |
$125 per loan
$ 75
annually per loan
$100
$50 per distribution
$15 per payroll in
excess of 12 annually |
Plan Set Up Charges
5500 Form Preparation*
|
5500 form
Summary Annual Report |
$250
Included in 5500 fee |
Plan Documents
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Prototype plan document
Plan Amendments
Annual Maintenance |
Included in set up charge
$75 per plan*
no charge |
*This fee will be
charged for both government required changes as well as sponsor
requested changes.
Termination and Deconversion
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
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