At Randall & Hurley, Inc., we strive to promote the best possible fit of services for your retirement plan needs. We've listed the most common services we provide here. However, if you don't see what you are looking for, or have questions about which services are right for you, please contact us. We'd be happy to help and provide a free quote for our services.

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Recordkeeping

This is the most basic component of plan administration. These services are included in all service packages we create at no additional cost.

• Determination of Plan Compensation
• Trust Reconciliation
• Allocation of Trust Earnings
• Allocation of Contributions
• Allocation of Forfeitures
• Interim Allocations
• Payroll Fund Splits
• Fund Transfers
• Participant Vesting Updates

Compliance Testing

All qualified retirement programs require some level of compliance testing. Most non-qualified plans also require at least minimal testing. These discrimination tests are regulated by the Department of Labor and the Pension Benefit Guaranty Corporation. Compliance testing is also included in all service packages at no additional cost.

• Discrimination Testing (ADP and ACP tests) under IRC §401(k) and §401(m)
• Coverage Testing under IRC §410(b)
• Maximum Deductible Employer Contributions and Maximum Individual Contribution Limits under IRC §402(g) and §415(c)
• Top Heavy Determination under IRC §416
• Test of Individual Participant Vesting Percentages
• Calculation of Fidelity Bond Coverage Amount
• Plan Funding Requirements and Limits
• Determination of Minimum and Termination Distributions

Government Filing

Any government forms that are required to be filed on behalf of your retirement program are provided in a signature-ready format. A plan representative simply signs the form and forwards it to the appropriate entity.

• Annual Reporting Form 5500 and accompanying schedules
• Summary Annual Report
• Annual 1099-R Form
• Annual PBGC Premium Reporting
• Annual Form 945
• Form 5330 for delinquent contributions, prohibited transactions or reversions

Plan Design & Document Services

Perhaps one of the more difficult components of plan administration involves creating the appropriate type of plan for your situation. We are experts in this area and have an entire department that focuses on perfect-fit plan design. We'll look at multiple options, including non-qualified, age-weighted, and cross-tested arrangements to see what plan design best meets the goals you have. Some of the plan document services we prepare include:

• Plan Comparison and Design
• Legal Plan Document
• IRS Submission
• Application for Trust ID Number
• Summary Plan Description
• Election and Beneficiary Forms
• Distribution and Withdrawal Forms
• Loan Policy and Forms
• Qualified Pre-Retirement Survivor Annuity Notices and Waivers

Once your plan is established, we'll also help you every step of the way as you implement the plan, assisting in participant communication, payroll processing procedures, and answering any questions you and the participants may have. You can feel comfortable knowing that your plan administrative consultant, as well as several representatives from the legal department, will work together to help you easily implement your retirement program.

Daily & Web-Based Services

The latest trend in retirement plan administration is providing daily updated account balances and trading activity for plan participants. We've worked hard to develop a system that is extremely flexible. This allows you to retain control over the features you wish to make available to participants, easing participants into a web-enabled retirement program.

To view a demonstration of our participant account access system, click here. To view a demonstration of our sponsor/broker account access system, click here.

• Daily Valuation & Trading
• Online Account Access
• Phone Benefit System
• Sponsor/Broker Enhanced Account Access

Participant Services

No matter how well your plan is designed or how accurate the administration, your employees will only perceive the plan as a major advantage if the information available to them is appealing and meaningful. Our administrative system and procedures allow for a great deal of flexibility in this regard... allowing us to work together to create meaning for your employes and provide timely participant services.

• Customized Participant Statements (can include your company's logo)
• Direct Mailing of Participant Statements
• Loan Request and Distribution Forms
• Hardship Withdrawals
• Minimum Distributions
• Termination Calculations, Notices, and Elections
• Projected Retirement Account Statements
• Total Compensation Reports (depicting total salary, direct benefit payments, indirect benefit costs, etc.)

Actuarial Services

Some plans require certain actuarial services, especially Defined Benefit Plans. We employ two certified Enrolled Actuaries to perform this type of work. If you have any questions about these services, please contact us.

• Operation Consultation
• Calculation of PS-58 Costs
• FASB '87/'88/'35 Disclosures and Opinion Letter
• Actuarial Certifications

Legal Services

Throughout the course of a plan's lifetime, numerous issues will arise that require changes and adaptations to the plan. Some of these will be brought about by legislative changes, while others may arise due to organizational changes, both in ownership structure and organizational objectives. In times like this, you will need expert legal advice, which we can provide. We have a fully-staffed legal department, led by an ERISA attorney and CPA, available for consultation at any time.

• Plan Amendments and Restatements
• Updates on Legislative and Regulatory Law Changes
• Legal Consultation
• Dissolution and Qualified Domestic Relations Order (QDRO) preparation

Additional Services

We provide several additional types of services that are often related to your retirement program, and we've listed a few of these services here. If you don't see what you're looking for, please contact us.

• Single Participant Plan Administration
• Cafeteria Plan Section 125 Administration
• FASB 106 Disclosures on Post-Retirement Benefits
• Charitable Gift Annuity Disclosures
• Total Compensation Report