The following is a list of the ADMINISTRATION SERVICES FOR 401(k) PLANS offered by Altigro Pension Services, Inc.:
 

A.

 Recording and/or review of deductions and contributions made on behalf of each plan participant, for each plan contribution period (monthly, bi-weekly, etc.). 
 
B. Coordination of Trust and Employer record-keeping activities. 
 
C. Allocation of earnings to each participant's account.
 
D. Calculation of vested interests in each account. 
 
E. Reconciliation of Employer payroll deductions with allocations to participant accounts. 
 
F. Perform "ADP" and "ACP" Tests, Fail-Safe Tests and IRC Section 415 Contributions Test to determine allowable elective contributions for members of the highly compensated as well as the non-highly compensated group. 
 
G. Preparation of Annual Valuations for the Employer. 
 
H. Preparation of Individual Participant Statements annually and the Summary Disclosure Statement or Summary Annual Report, as required. 
 
I. Preparation of Internal Revenue Services Annual Return/Report, Form 5500 and related Schedules. 
 
J. Determine and maintain record of Employee status, compensation and contribution information.

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A.
  Loans

1.

 Consult with Plan Administrator regarding Plan and IRS rules and procedures governing loans.
2. Preparation of amortization schedules, if requested.
3. Review and recording of loan payments as received. 
4. Allocate loan interest to participant's account.

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B.
  Hardship Withdrawals

1.

 Consult with Plan Administrator/Trustee on the plan requirements for hardship withdrawals and the tax implications to the participant of such withdrawal.
 
2. Determine procedures for application for hardship withdrawals and supply appropriate guidelines. 

 
C.
  Participant Termination Procedures and Calculations
 
 
D.
  Changing IRS regulations

1.

 We will maintain constant contact with the employer to ascertain the effects of any proposed and actual changes in the Law as well as the Internal Revenue Service and Department of Labor regulations which will or may affect Profit Sharing and 401(k) Plans. 

 

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