Retirement Plan Administration is our business and our passion
We consult on and service more than 3000 retirement plans nationwide. It is the foundation of our business!
Request a Proposal
Contact Us Today To Request A Proposal Or To Learn More About Us
Retirement Plan Administration
Pension Plan Specialists is a full service Third Party Administrator (TPA.) For you and your business that means that we are a consultant that is here to make sure that you get the right retirement plan in place for you and your business, for today and the future.
Our Job is to make sure that you get the RIGHT Retirement Plan for YOUR business, personalized to your needs.
We service all types of retirement plans, including:
- Defined Contribution Plans
- 401(k) – including solo plans, Safe Harbor Match, Profit Sharing
- Defined Benefit Plans
- Cash Balance Plans
- 403(b) Plans
- Multiple Employer Plans
- ESOP
- And other variations of these plan types
We Can Be Your Plan Fiduciary
Visit our 3(16) Fiduciary page to see what it means for you!
Retirement Plan Design and Consulting
Our plan administration process includes a number of annual tasks required by the IRS. Our model is designed to make it simple for our plan sponsors. Our team possesses over 50 years of combined plan design experience focused on ensuring your plan is always compliant with the constant mandatory changes so you don’t have to be.
Our TEAM is structured to make sure that your plan is in the most expert hands possible at all times.
As part of our plan design and document creating process, we do the following:
- Perform a comprehensive outline of all options available to the plan
- Review existing plan document using our unique plan design comparison tool to provide clear recommendations
- Monitor regulatory changes and provide guidance on their effect of your plan proactively
- Create mandatory and discretionary plan amendments
- Provide creative solutions to enhance your plan when challenges arise
- PPS has our own customized volume submitter document with IRS approval
- Will restate your plan document when required
If You Have Questions, We Have Answers
Visit our Frequently Asked Questions page to get the answers to the most common plan questions.
Annual Plan Administration Services
Pension Plan Specialists as part of our plan administration process and as is required by the IRS, must perform a number of annual tasks for your plan. Our process is designed to make it simple for our plan sponsors.
Our TEAM is structured to make sure that your plan is in the most expert hands possible at all times.
As part of our annual servicing of your plan we do the following:
- Gather and analyze census data
- Gather and analyze trust data
- Look at hires and terminations to determine plan entry, vesting and distributions
- Annual plan valuations
- Perform ALL annual compliance testing functions required
- Plan reporting for both the employer and employee
- Prepare the IRS Form 5500 for the plan, for filing by the employer
- Creating a participant benefit statement with reconciled/invested balances
- Creation of the Summary Annual Report
- Completing a audit package for the CPA firm for large plans
- Other plan review functions as needed
Cigna Transparency In Coverage