Our Services

PRS is a third party administration firm which provides the highest quality of services for qualified retirement plans – from the single owner company to mid-sized firms. We discuss with our clients and their advisors their individual needs and objectives. Often the objective is to maximize contributions for owners and key employees while minimizing the contributions for other employees. Together we design a plan that will meet those objectives and goals – whether it be a new plan or updating an existing one.

PRS can discover problems before the government (IRS, DOL and PBGC) does! This enables you to correct those errors, in either the operation of the plan or the required plan documentation, and limit or eliminate the potential penalties associated with them at a much lower cost.

Compliance Services:

Prepare plan documents for counsel.
Prepare the Summary Plan Description for counsel.
Preparation of Administrative Forms and Notices.
Preparation of the material needed to obtain a Favorable Determination Letter from the IRS.
Preparation of plan amendments.
Application of correction programs for operational and document failures.

Read "Oh No! An employee was permitted to make 401 (k) contributions prior to meeting the plan's eligibility requirements..." in our Case Studies section for an example of a correction program in action.

Actuarial and Administrative Services:

Compilation of employee data.
Determination of participant eligibility.
Reconciliation of plan assets.
Determination of the annual contribution or allocation of the contribution.
Actuarial calculations and certifications for defined benefit pension plans.
Non-discrimination testing for 401(k) and New Comparability plans.
Determination of the account balances and/or accrued benefits.
Preparation of a comprehensive report.
Preparation of participant statements.
Timely preparation of the Form 5500 (government filing) and the Summary Annual Report or Annual Funding Notice.
Determination of Pension Benefit Guaranty Corp. (PBGC) premiums and preparation of PBGC Premium Form for defined benefit pension plans.
Determination of retirement and termination benefits and preparation of the associated paperwork.

Need a Retirement Plan Design?

We've designed hundreds of plans for one-man shops to medium-sized businesses. See how we can find the best ones for you.

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The Value of a Good TPA

Don’t underestimate the value of a good TPA. Pension Review Services is on the lookout for demographic or law changes which might suggest a plan redesign. In addition, PRS will help:

Maintain the plan document to keep it up-to-date
See that the plan is administered in accordance with applicable law
Be on the lookout for prohibited transactions

Do not put your hard earned money at risk! Penalties can be assessed upon audit by the IRS, DOL or PBGC if the above items fall short of their requirements.

Pension Review Services can assist to correct “problems” with your plans.

Read "The Value of a Good TPA", as told by an ERISA attorney, or contact us.

See our Case Studies >