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Plan Design and Administration
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1. Design - each plan is tailored to the specific needs of the plan sponsor and their employees.
 Plan Types:
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Salary Reduction Only |
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Salary Reduction PLUS Employer Match |
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Salary Reduction PLUS Employer "Safe Harbor" |
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Salary Reduction PLUS Employer Match PLUS Profit Sharing |
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Salary Reduction PLUS Employer "Safe Harbor" PLUS Profit Sharing |
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Salary Reduction PLUS Profit Sharing |
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Custom Design |
2. Compliance Administration - The Best 401k, Inc. uses InvestLink™ software; one of the most sophisticated and state-of-the-art pension plan service software programs available anywhere. Our yearly adminstration of your plan will include the following:
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ADP/ACP Test (2 tests per year) |
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Annual Addition Test (415 limit) |
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Top Heavy Test |
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Maximum Deductible Employer Contribution Test |
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Minimum Coverage and Participation Tests |
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70½ Distribution Calculations |
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Loan and Hardship Maximums |
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Vesting Calculation |
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Employer Contribution Calculation |
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Forfeiture Accounting |
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Balance Sheet |
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Participant Recordkeeping |
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Signature Ready Form 5500 |
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Schedules A, P, SSA, C |
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Summary Annual Report |
Your calls and inquiries are immediately handled by one of our certified retirement plan professionals, specifically assigned to your account, that knows you and your plan.
3. Record Keeping - each plan's assets are accounted for on a "daily valuation basis" through our links with custodians and our "state-of-the-art" InvestLink™ platform. This allows us to provide you and your employees with the necessary statements and reports that you require. |
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