When a plan is received by PenServ, the plan provisions are outlined and reviewed by our Consulting Division. The review includes a comparison of the plan provisions to the most current regulations to ensure the program is in compliance with all IRS and DOL regulations. This Group also considers the employer census, last valuation and make-up of the management group to ensure the plan provisions meet the goals outlined by the employer.
In most cases today, IRS approved prototype or volume submitter documents are used to qualify a plan. However, if your plan requires an individually designed document, our Consulting Group can assist you with the design and submission to IRS.
PenServ Document Services and Plan Design Services Include:
- Review of existing document and forms
- Offer Assistance with Plan Design Features that may be advantageous to the Employer
- Comparison of documents to administrative practices
- Recommendation for updates (if necessary)
- Preparation of Plan Document
- Summary Plan Description
- Administrative Forms
- Distribution of SPD and Plan Forms to employer web site
- Submission to IRS (if required)
For more information call 1-800-849-4001 or email marketing@penserv.com.