Retirement Plan Administration
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A Retirement Plan Advisor for your Business
Brown Edwards can help you streamline design and administration of a retirement plan that meets the unique needs of your company. Whether your company’s retirement plan has one participant or thousands of participants, you need plan design and administration support that’s tailored to your objectives. For many years, our retirement plan consultants have been assisting organizations of various sizes and in various industries with specialized employee benefit plan services.
If your company doesn’t currently offer a plan, or if it offers a Simplified Employee Pension (SEP) or a SIMPLE Plan, a review of plan options can help your company provide the best plan for your business which will allow you to retain employees and hire top talent in a competitive market. If you currently offer a plan to your employees, it is the best practice to review your plan options every few years to ensure your plan is optimized and remains compliant.
Employee
Retention
Recruitment
of Top Talent
Tax
Benefits
Retirement
Planning
Why Choose Brown Edwards
Our Experience
Years of Combined Experience
Plans Administered Annually
Million in Funds Managed Annually
Services We Provide
Every organization is unique and, as such, requires a tailored approach, and no matter how simple or complex your plan may be, we have the expertise to design and manage it. With regulatory guidelines in mind, we let you know what’s possible and help you choose the best plan design to meet your needs. Our team has extensive experience managing all types of plans, including:
- 401(k) Plans (traditional or safe harbor)
- 403(b) and 457(b) Plans
- Cash Balance and Defined Benefit Plans
- Profit-Sharing Plans (including cross testing formula or age-based formula)
- Health and Welfare Benefit Plans
- Money Purchase Pension Plans
- Simplified Employee Pension (SEP) and SIMPLE Plans
- ESOPs
- Preparation of Form 5500 (ERISA)
Design
Design
- Defined Contribution and Defined Benefit Plans
- Cross-Tested/New Comparability Plans
- ESOPs
Documentation
Documentation
- Plan and Trust Documents
- Summary Plan Descriptions
- Plan Administration Packets
- Funding and Investment Policies
- Annual Notices
Administration/ Compliance
Administration/ Compliance
- Eligibility/Participation/Vesting of Participants
- Beneficiary Designation, Contribution calculations, loans and hardship distributions
- Nondiscrimination and other testing
- Allocation of earnings and Disclosure creation
- Benefit distributions and tax withholding requirements, lost participants
- Governmental filings and Surety bond compliance
Annual Compliance/Review
Annual Compliance/Review
- Review plan status with your Investment Advisor, CPA and Attorney
- Controlled Group Issues
- Legislative and Regulatory Developments
- Prohibited Transaction Reviews
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Considerations For Clear Communication During Open Enrollment
In today’s labor market, benefits can be a valuable tool for employers to retain talent. Employers may feel that they are preparing employees for open enrollment by only offering the necessary information right before the open enrollment process.
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Understanding the Impact of Workforce Reductions on 401(k) Plans
Employee turnover often triggers a wave of issues for a company and its human resources department. Even 401(k) retirement plans — one of the most sought-after employee benefits — can be impacted when a substantial number of employees are involuntarily
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Contact Our Retirement Plan Practice Leader
Partner, Practice Leader
Daniel L. Bowman, CPA
Dan is the partner in charge of the firm's employee benefit plan administration services which consists of employee benefit plan design, administration, and consulting. Dan has more than 25 years of experience in tax and advisory services.
Ready to Optimize Your Company’s Retirement Plan?
Get the most benefit from the plan that’s designed and managed for your company.