Plan Setup & Plan Conversion Services

  • Review or preparation of Plan Document and Amendments including plan provision          recommendations and preparation of the Summary Plan Description (SPD)
  • Coordinate transfer of Plan census, history, and other pertinent Plan information from prior service provider to Radachi and Company
  • Coordinate transfer of assets to new Investment Provider (if necessary)


Annual Administration Services

  • Maintain Employee census data and determine eligibility
  • Calculate participants’ vesting % in accordance with the vesting schedule
  • Perform all applicable non-discrimination testing
  • Preparation of Form 5500 (including all required schedules) and Summary Annual Report
  • Preparation of Annual Valuation Booklet for Plan Sponsor which includes:
Asset Recap, Summary of Plan Provisions, Census Data Verification, Summary of Participant Accounts, Distributions Report, Non-discrimination Testing, Employer Deduction Limit Report, Copy of Form 5500, Copy of Summary Annual Report, Participant Benefit Statements with Required Disclosures (if necessary)

    
Distribution Services
    
    Distributions due to Termination or Retirement:

  • Provide Benefit Election Form
  • Provide required tax notices and Distribution Notice to Participants
  • Prepare liquidation paperwork

    Qualified Domestic Relations Order Distribution (QDRO):

  • Review Domestic Relations Orders for Qualified status
  • Provide required notices to Participants and Alternate Payees
  • Preparation of liquidation paperwork

    Participant Loan Distribution:

  • Loan amount calculation
  • Outstanding Loan Balance Tracking
  • Preparation of promissory note, irrevocable pledge, and amortization schedule

    In-Service and Hardship Distributions:

  • Ensure IRS, DOL, and Plan Document regulations are properly enforced
  • Provide required tax notices and Distribution Notice to Participants
  • Preparation of liquidation paperwork

    Form 1099-R and Form 945 Preparation:

  • Form 1099-R prepared and issued to participants for situations not provided by the investment company
  • Form 945 prepared for Employer (if applicable)

    
Consulting and Additional Services
    
   Correction Due to Failed ADP/ACP Testing:

  • Determination of the best correction method and calculation of correction amounts
  • Calculation of earnings on the excess contribution
  • Provide required tax notices and Distribution Notice to Participants (if necessary)
  • Preparation of liquidation paperwork (if necessary)
  • Preparation of Form 5330 (if necessary)