April 2018 ::: FAQ of the Moment

What is the 401(k)/403(b) deferral limit?  What is the Social Security Taxable Wage Base?

April 2018 ::: FAQ of the Moment

Do Highly Compensated Employees (HCEs) have to wait for non-discrimination testing to file their individual tax returns?

April 2018 ::: FAQ of the Moment

What is Automatic Enrollment?

April 2018 ::: FAQ of the Moment

Are Roth 401(k) contributions allowed?

April 2018 ::: FAQ of the Moment

How does the Pension Protection Act 2006 affect my 401(k) Plan?

April 2018 ::: FAQ of the Moment

What is a Safe Harbor Plan?

 

April 2018 ::: News

The Department of Labor and the Internal Revenue Service mandates that all eligible employees be notified of their right to participate in your company's retirement plan. They must be given written information about the plan and must complete and sign an enrollment form indicating whether or not they will be participating in the plan.

Remember, Employer Contributions must be made by the due date of your corporate tax returns on extension to be tax deductible.

April 2018 ::: News

The Department of Labor (DOL) is taking a very firm position that employee 401(k) salary deferrals and employee loan repayments must be transferred from the Employer to the Plan’s Investment Trust as soon as administratively feasible. The DOL has said that their definition of "as soon as administratively feasible" is the same day that the Employer makes payment of an employee’s payroll.

The goal that the employees of United Benefit Pensions Inc. have is to provide the highest level and best quality of specialized service to each of our clients and their employees. An Account Executive will be assigned to your 401(k) or Retirement Plan to handle the operational functions of the Plan. A team of one or two individuals will be available when your Account Executive can not immediately be contacted.

The administration services that United Benefit Pensions Inc. provides would include the following:

• Assistance with the design of plan provisions;
• Identify eligible employees and when their entry dates will be;
• Assist with enrollment meetings on a semi-annual basis;
• Prepare Actual Deferral Percentage Test and Actual Contribution Percentage Test;
• Prepare IRS Form 5500 and related schedules signature-ready annually (Please note that the IRS requires an independent auditor’s statement to accompany all 5500 filings for plans with over 100 participants. Any fee associated with that service is separate from administration fees charged by United Benefit Pensions Inc.);


• Prepare top heavy testing and Section 415 limitation testing annually, where applicable;
• Provide corrective alternatives to compliance test results annually, where applicable;
• Provide plan compliance information on an ongoing basis;
• Prepare benefit distribution forms;
• Professionalism in providing service to you and your employees.

United Benefit Pensions Inc. is a full service Third Party Administration firm with the capability of working with a variety of different investment programs that might be offered by your Investment Advisor. A phone call to our office will start you and your company on the road to a successful and easy to work with retirement program.

 

HOME    ABOUT US    EMPLOYEE INFO    PARTICIPANT INFO     NEW BUSINESS   
FORMS ...CONTACT US

Copyright © 2003 United Benefit Pensions Inc. All rights reserved.