Once your benefit plan is in place, WSA provides comprehensive administration to make certain the plan continues to operate as designed for your business. We will:

• Determine the eligibility of all employees.
• Provide enrollment, beneficiary, investment and deferral election forms.
• Prepare summary financial statements for your plan.
• Allocate any declared contributions and forfeitures.
• Provide a valuation report summarizing various account types and investment funds by participant and plan totals.
• Provide participant statements including all accrued contributions.
• Determine "key" and "highly compensated" employee status.
• Provide discrimination testing (ADP/ACP for 401(k) plans) at least annually or as often as requested.
• Determine refund amounts if failing ADP/ACP tests.
• Provide top heavy testing.
• Provide minimum coverage testing.
• Provide average benefits and general testing under 401(a)(4) if needed.
• Determine deductible contribution limits.
• Determine maximum contribution limits under 415 and 402(g) (annual deferral limit).
• Provide investment allocation between participant-directed funds (if not provided by custodian of funds).
• Provide IRS Form 5500 and related schedules.
• Provide Summary Annual Reports for participants.
• Prepare notices and election forms for terminated participants (also IRS Forms 1099-R and 945 if not prepared by custodian of funds).
• Prepare any notices and forms for hardship withdrawals or participant loans.
• Assist with all Qualified Domestic Relations Order (QDRO) processing.
  
  

Securities and advisory services offered through National Planning Corporation (NPC), Member FINRA/SIPC, a Registered Investment Advisor. Warren Steinborn Associates and NPC are separate and unrelated companies.
See “Home Page” for full disclosure statement.