Platinum Pension Group Pension Plan Design, Administration & Consulting
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Our Services

We use our expertise to creatively design each plan and provide annual tax reporting and compliance testing for your plan as required by the IRS. We partner with your financial advisor to provide a full range of retirement plan services ensuring that the retirement needs of you and your employees will be met. Click below for details of our services.

Plan Design and Implementation
Defined Contribution Plan Administration
Defined Benefit Plan Plan Administration
Annual Compliance Testing and Government Reporting
Consulting Services


Plan Design and Implementation

Selecting, customizing and implementing a plan can be a complex process. Our principal consultant will work with you and your financial advisor to meet your specific design objective. We use prototype as well as non-prototype plan documents that are sponsored by our firm and approved by the Internal Revenue Service.

Our design and installation services include:

  • Assistance in choosing a plan design that meets the needs of the owners, employees and the business itself, including review of the employer�s controlled group situation if applicable.
  • Review of the existing plan provisions (if we are taking over a plan already in existence) and recommendation of changes to fully meet the employer's goals and objectives.
  • Preparation of a customized plan document, as required by the IRS.
  • Preparation of resolutions to adopt the plan.
  • Preparation of the Application for an IRS determination letter, if applicable.
  • Preparation of the Summary Plan Description that is required to be distributed to plan participants.
  • Preparation of customized enrollment and administrative materials.
  • Assisting the financial advisor and employer with employee meetings to communicate the provisions of the plan.

Defined Contribution Plan Administration

We perform the following services in order to provide smooth and efficient plan operation:

  • Analysis of employee census information.
  • Determination / confirmation with the client of employee eligibility and plan entry.
  • Maintain participant vested percentage records.
  • Audit of contributions and loan payments made to the plan throughout the year.
  • Calculation of maximum tax deductible employer contribution allowable to the plan and communication of same to employer, tax advisor and financial advisor.
  • Determine eligibility for allocation of employer contributions and forfeitures.
  • Allocation of employer and employee contributions to eligible plan participants.
  • Allocation of plan earnings to participant accounts.
  • Allocation of plan forfeitures, if applicable.
  • Distribution processing: Calculation of distribution amount, preparation of required distribution notices, release forms and IRS Form 1099-R.
  • Loan processing: Set up of loan accounts, preparation of promissory note and amortization schedule and tracking loan repayments.
  • Hardship withdrawal processing: Determination of hardship distribution amount and preparation of application forms.
  • Reconciliation of trust accounts.
  • Preparation of customized participant statements.
  • Determination of those participants required to receive age 70� distributions.

Defined Benefit Plan Administration

Our consulting actuary has the expertise and up-to-date technology to provide the necessary actuarial and administrative assistance to manage your defined benefit plan:

  • Calculate employee eligibility and plan entry.
  • Maintain participant vested percentage records.
  • Determine eligibility to receive benefit accrual.
  • Prepare annual actuarial report and certification.
  • Actuarial determination of required employer contributions.
  • Preparation of individual benefit statements.
  • Distribution processing: Calculation of distribution amount, preparation of required distribution notices, release forms and IRS Form 1099-R.

Annual Compliance Testing and Government Reporting

Our professional staff has the knowledge and expertise to help keep your retirement plan in compliance with federal laws and regulations and, should violations occur, provide you with methods of correction. We provide the following services, if applicable:

  • Contribution deductibility calculations (�404).
  • Annual additions testing (�415).
  • Top heavy testing (�416).
  • Coverage testing (�410(b)).
  • ADP/ACP testing (applicable to 401(k) plans).
  • Preparation of IRS Form 5500 and related schedules.
  • Preparation of Summary Annual Report for participants.
  • Preparation of appropriate PBGC form for defined benefit plans.

Consulting Services

  • Plan amendments, terminations and mergers.
  • Assist with IRS and DOL audits.
  • Provide assistance with plan design changes.
  • Conduct special plan or participant benefit studies or projections.

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