The Pentegra defined benefit plan advantage

Pentegra’s Defined Benefit program is a flexible arrangement that can be designed to include every capability needed to provide a successful pension plan for your employees. While we offer a complete package of pension services, we can also accommodate a flexible arrangement that incorporates your existing actuary, trustee or investment manger. You choose the services that are right for you.

ACCOUNT MANAGEMENT SERVICES

  • Dedicated relationship manager
  • Dedicated Client Service team
  • Participant service representatives
  • Annual plan review and client visitation program 

PLAN DESIGN & DOCUMENT SUPPORT

  • Prototype plan documents
  • Custom designed plan documents
  • Summary Plan Descriptions (SPDs)
  • Plan qualification package (IRS Form 5300)
  • Plan amendment and restatement services
  • Plan design consulting
  • Ongoing plan review to ensure compliance with IRS, ERISA and DOL regulations

ADMINISTRATIVE & RECORDKEEPING SERVICES

  • Enrollment processing
  • Plan sponsor reports
  • SAS 70 audit report
  • QDROs
  • Required minimum distribution notifications
  • Termination processing
  • Benefit calculations
  • Benefit payment administration
  • Documentation of Power of Attorney and guardian status for retirees
  • Annual participant benefit statements
  • Annual plan review
  • Service guarantees

ACTUARIAL SERVICES

  • Annual actuarial valuation report
  • Development of minimum funding and contribution requirements
  • Maximum allowable deduction and funding level recommendations
  • Documentation of the basis for the actuarial reports
  • Analysis and reconciliation of the present value of accumulated benefits in accordance with SFAS-35
  • Calculation and reporting of Net Periodic Benefit Cost for the fiscal year
  • Calculation of the PBGC premium payment due each year and preparation of Schedule A
  • Preparation of FAS-87 and FAS-132 valuation results
  • FAS-87 year-end disclosures

PLAN COMPLIANCE

  • Ongoing legislative and regulatory updates
  • Top-heavy testing
  • 415 limit testing
  • 410(b) testing
  • Preparation of Government filings
    • IRS Form 5500 (including required schedules)
    • Pension Benefit Guaranty Corporation filing 
    • Summary annual report

TRUSTEE SERVICES

  • Custody and investment of plan assets
  • Accurate, timely reporting of contributions, sales & purchases, withdrawals, and dividend and interest income
  • Participant distribution checks and periodic benefit payments, including lump sum distributions
  • Preparation of principal and income statements
  • Certified plan financial information for plan auditors
  • State income tax withholding services for mandatory states
  • Tax reporting (IRS Form 1099R)

PLAN EDUCATION AND COMMUNICATION

  • Onsite retirement benefit meetings
  • Customized enrollment kits
  • Participant education materials
  • Pentegra OnLine 24/7 web access
  • Technical newsletters, plan sponsor updates

    © 2005 Pentegra Retirement Services