Retirement Plan Administration

Security For Your Business & Your People

Fiduciary Responsibility | Plan Regulations | Ohio CPA FirmRetirement plan administration is a complex and, at times, stressful undertaking. This is especially true now that plan fiduciaries are required to adhere to stricter requirements and additional liability. Our team of retirement plan administrators are dedicated to serving plan sponsors, plan participants and financial advisors. We understand that maintaining your business, complying with current regulations and satisfying your plan participants’ expectations are vital to ensuring your plan delivers the most value.

Peace Of Mind Starts Here

You don’t know what you don’t know, which is why we work hard to ensure that you have the necessary information and insight you need to get drive plan participation, maintain compliance and manage your plan’s overall success.

From designing a plan that makes sense for you and your employees to maintaining your plan’s documents, participant recordkeeping and enrollment, allocations, distribution processing and governmental compliance and reporting; our team can provide you with as much, or as little, assistance as you need. Our approach grants you with the flexibility you want and need and the peace of mind you depend on.

Retirement Plan Options | Design | Ohio CPA Firm

Choose The Services You Need, Leave The Ones You Don’t

We will work closely with your chosen financial advisor to ensure that your company’s retirement plan is set up to help ensure maximum long-term security of your participants.

Rea’s retirement plan services team specializes in:

  • Plan documents
    • Prototypes and volume submitter options available.
  • Participant recordkeeping
    • Balance forward
    • Daily valuation
  • Participant enrollment
  • Allocations
    • Employer and employee contributions
    • Plan earnings
    • Forfeitures
  • Distribution processing
    • Maintain participant vested percentage records
    • Calculation of distribution amount
    • Loan processing (preparation of promissory note and amortization schedule)
    • Hardship withdrawal processing
    • Preparation of required distribution notices and IRS Form 1099-R
  • Necessary tax forms, including Form 5500
  • Compliance testing
    • Contribution deductibility calculations (§404)
    • Annual additions testing (§415)
    • Top-heavy testing (§416)
    • Coverage testing (§401(b) and 401(a)(4))
    • ADP/ACP testing (applicable to 401(k) plans)
  • Required participant notices
    • Safe harbor contribution
    • Qualified Default Investment Arrangement
    • Auto enrollment
    • Summary annual report

Regulations & Retirement Plans | Ohio CPA Firm


Build A Stronger Foundation With Custom Retirement Plan Administration & Design Services

The following administrative services are available for your plan:

  • Plan documents. Prototypes and volume submitters available.
  • Participant recordkeeping.
  • Balance forward.
  • Daily valuation.
  • Participant enrollment.
  • Allocations.
  • Employer and employee contributions.
  • Plan earnings.
  • Forfeitures.
  • Distribution processing.
  • Maintain participant vested percentage records.
  • Calculation of distribution amount.
  • Loan processing (preparation of promissory note and amortization schedule).
  • Hardship withdrawal processing.
  • Preparation of required distribution notices and IRS Form 1099-R.
  • Necessary tax forms, including Form 5500.
  • Compliance testing.
  • Contribution deductibility calculations (§404).
  • Annual additions testing (§415).
  • Top-heavy testing (§416).
  • Coverage testing (§401(b) and 401(a)(4)).
  • ADP/ACP testing (applicable to 401(k) plans).
  • Required participant notices.
  • Safe harbor contribution.
  • Qualified Default Investment Arrangement.
  • Auto enrollment.
  • Summary annual report.

For additional information on our benefit plan administration services, please click here to contact us. A retirement plan specialist will respond to your inquiry shortly. We look forward to hearing from you.

Your business is unlike any other, so its retirement plan should be designed specifically for it and its needs. But is it? There are a number of variables you should consider when designing your benefit plan. These include:

  • Profitability of your business
  • Consistency of cash flow of your business
  • Ages of owners and employees
  • Compensation levels of owners and employees
  • Value of plan assets
  • Number of plan participants
  • The investment savvy of plan participants

Your plan should be flexible enough to react to changing economic circumstances. Using customizable plan documents, you'll have the flexibility to create a customized retirement plan design based on your unique needs.

For additional information on our benefit plan administration services, please click here to contact us. A retirement plan specialist will respond to your inquiry shortly. We look forward to hearing from you.

Rea’s retirement plan services team is one of Ohio’s top providers of fiduciary consulting services for business retirement plans. In order to help you adhere to your fiduciary responsibilities as a retirement plan sponsor, our team follows a prudent and well-organized process to ensure maximum transparency while minimizing your fiduciary risk. Click here to learn more about our services.

We’re Here To Help

If you are seeking a benefit plan design that is flexible enough to meet your needs, then now is the time to contact Rea & Associates. For additional information on our benefit plan design process, please contact us at 330-339-6651, or click here to email us. In a brief conversation, we can review your plan needs and identify the best structure for you.