Employee Benefits Plan Administration
- Consultation, Evaluation and Administration
— Profit Sharing Plan
— 401(k) Plans
— Employee Stock Ownership
— 457 Plans
— 403(b) Plans
- Consultation, Evaluation and Set-up
— Simplified Employee Pension
— Savings Incentive Match Plans
for Employees (SIMPLE)
— 529 Plans
- TPA Services
— Record Keeping
— Employee Communications
— Employee Education
— Retirement Distributions
— Eligibility and Vesting
— Plan Termination
— Plan Audits
— Plan Conversions
— Notice Insurance
— Employee Communications
— Participant Loan Administration
— Plan Document Interpretation
— Hardship Withdrawals
— 404(c) Protection and
Retirement plans are one of the few remaining tax shelters available to employers and employees alike. Plan sponsors enjoy an immediate tax deduction for contributions while participants benefit from tax deferment and tax free financial growth. Furthermore, employers who offer retirement plans have an edge in recruiting and retaining key, qualified personnel.
These benefits, however, do come with some complexity. At KFMR, we work closely with you to evaluate and administer a plan that best suits your organization, in a manner that does not compromise its integrity – or its long term goals. From one-participant plans to large plans, you can rely on our responsiveness, timeliness and up-to-date knowledge of the regulations surrounding retirement plans.
Plan Design and Evaluation
Once established, the administration of the plan is equally as critical, especially under today’s governmental scrutiny. As an independent Third Party Administrator (TPA), we will ensure your plan is compliant with the IRS, DOL and PBGC. Our detail-oriented and highly knowledgeable staff not only ensure the accuracy of the information, but also ensure its timeliness.
To maintain your plan’s quality and integrity, healthy plan participation is also a necessary element. That’s why we work with plan sponsors and brokers in actively educating the participants and furnishing customized, relevant communications. When you plan requires a higher level of service and attention, you can depend on our staff's expertise to answer any questions as they arise and to provide timely resolutions.
Whether considering a new plan, or evaluating an existing one, you need to be aware of the many options that are available, and how each of those options will impact your finances and tax position. We can help you evaluate your choices and determine if they are the right fit, then help you execute the plan.
With the aid of our client questionnaire, we clarify your goals and objectives. At the same time, we assess the interest level of the participants by analyzing the results of our participant survey. We use this information to recommend which plan best meets the goals of both employer and employee, while ensuring that the plan is affordable, in compliance, and that the plan sponsor feels an excellent sense of comfort as the fiduciary.
Our expertise in employee benefits plan administration covers both small and large plans, and all types of plans. And since we are not affiliated with any financial or investment institution, we are pleased to work with your existing broker or financial advisor. If you don’t already have a broker, we can recommend or help you select a firm that meets your needs and deserves your trust.