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Ensure that Plan Limits Test is completed and review for reasonableness
Ensure that 415 Annual Additions Test is completed and review for reasonableness
Form 5500 Filing
Coordinate with service provider to ensure Form 5500 is completed on a timely basis
Review Form 5500 and all schedules for reasonableness and evaluate its consistency
from the previous year
Review the basic plan and company information to ensure accuracy
Review the schedules to make sure all appropriate schedules are included with filing
OPTIONAL SERVICES
The Comprehensive Compliance & Administration Solution
TM
– (Upgrade Tier from Core C&A)
Consulting
Draft a contact list for service providers relating to retirement plans
Maintain Plan Sponsor binder which includes all relevant plan documents and service provider
agreements in order to assist the Plan Sponsor with questions relating to specific plan provisions
Proactive reminders of the following compliance deadlines:
o
Annual census deadline
o
Testing refund deadlines
o
Form 5500 and extension deadlines
o
SAR distribution deadline
o
Excise tax deadline (if applicable)
o
70 ½ distributions
o
Participant Fee Disclosure deadline
o
Plan Sponsor Fee Disclosure deadline
o
Forfeitures (if applicable)
o
Loan Default processes (if applicable)
o
Uncashed check processes
o
Profit sharing contribution deadlines (if applicable)
o
SIMPLE or Safe Harbor Notice requirements (if applicable)
o
Automatic enrollment annual notice (if applicable)
o
Summary Plan Description\SMM mailing (if applicable)
o
Plan limit updates
o
QDIA notice reminder
o
Amendment deadline reminders (if applicable)
o
Memos on Compliance topics such as ERISA Bonds, Tax Savers Credit, Timely Remittance
of Contributions
Assist with coordination of group and individual communication meetings conducted by CBIZ,
including the coordination of investment materials
Review PowerPoint presentation for plan provisions and investment options for participant
communication meetings conducted by CBIZ
Review Enrollment Kits for plan provisions and investment options for participant communication
materials conducted by CBIZ
Preparation of new investment option change communications
Review provider communication or draft participant communication for investment
changes
Review provider paperwork or draft letter of authorization for fund changes
Follow up to ensure investment changes have occurred
Implementation of the Top Ten Compliance Issues checklist, a process for reviewing the most
common compliance issues experienced by Plan Sponsors and correcting or preventing
deficiencies (OPTIONAL)
Periodic review of beneficiary storage and maintenance process (OPTIONAL)
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