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| Administration |
EGPS administers all types of employee benefit plans, and provides all services required to conform with the latest Pension Laws and Regulations needed to maintain a plan's tax-qualified and exempt status, including:
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Preparation of IRS 5500-series forms, including, as required, actuarial certification |
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Preparation of PBGC Form 1, as required |
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Calculation of tax-deductible contribution, including preparation of actuarial valuation report and/or annual report updating separate participant account balances |
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In-house Daily Valuation and Balance Forward System |
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Nondiscrimination Testing |
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Employee Benefit Statements |
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Calculation and processing of participant distributions |
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| Web and Voice Response Units |
| By utilizing our Daily Valuation Platform, clients can establish 401(k) Plans and choose from a selection of over 8,000 mutual funds. Participants can access their accounts 24 hours a day by dialing a toll-free number to connect to our Voice Response Unit, or through a secure internet site. |
| Plan Design |
| EGPS designs employee benefit plans to meet the individual needs of each client, such as maximizing the available tax deduction or increasing the benefits for key personnel with limited impact on the overall costs. We prepare the plan and trust agreement needed to implement the plan, and secure a favorable Determination Letter from the IRS which certifies the Plan's tax-qualified and exempt status. |
| ...and Plan Redesign |
| Sometimes, last year's plan won't meet this year's needs. Our trained consultants administer plans with an eye to the special requirements of each client. If a plan stops "making sense" -- for instance, due to changes in employee demographics or legislation -- we'll propose changes aimed at reestablishing that client's priorities, including any required plan amendments. |
| Consulting and Special Projects |
Because of our technical strength, we are often asked to provide consulting services to the clients of other professionals. Among the areas for which we provide such services are:
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Divorce settlements and Qualified Domestic Relations Orders |
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Structured Settlements |
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Class-Action Lawsuits |
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Mergers, Acquisitions and Consolidations |
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Actuarial Studies and Projections |
Economic Group Pension Services provides all the services needed to set up and maintain an employee benefit plan for your business or professional practice. The services are tailored to meet your specific goals, at a reasonable cost, and in a reliable and efficient manner.
The Best Retirement Plan is the one that is planned and administered to fit the needs of the company and its participants. EGPS has the knowledge, technology and professionals to accomplish it.
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