Services

Through our experienced team, we offer customized solutions for improving efficiency for key TPA processes. In short, we provide the following services:

• Plan Selection and Management

  Data Path handles the details with bundled recordkeeping and administration services, including plan documentation, form preparation, compliance testing and more.

• Service at Every Step

  Highly trained, retirement specialists are here to offer expertise from signup to setup to ongoing plan support.

• Plan Design & Documentation Service

  Selecting, customizing and implementing a plan can be a complex process. Our highly trained professional staffs guide through each step of the process including:
  1. Review the employer’s controlled group and/or affiliated service group situation.
  2. Design a plan tailored to the needs of the owners, employees and the business itself.
  3. If we are taking over a plan already in existence, we will review the existing plan provisions and if needed recommend changes to fully meet the employer’s goals and objectives.
  4. Prepare plan documents as required by the IRS and DOL.
  5. Prepare the Summary Plan Description required to be distributed to plan participants.

• Administration and Recordkeeping Service

  We perform the following services in order to provide for smooth and efficient plan operation:
  1. Maintain participant vested percentage records.
  2. Determine eligibility for allocation of employer contributions and forfeitures.
  3. Allocate employer and employee contributions.
  4. Allocate plan earnings.
  5. Allocate forfeitures, if applicable.
  6. Distribution processing: Calculation of distribution amount, preparation of required distribution notices, release forms and IRS Form 1099-R.
  7. Loan processing: Set up of loan accounts, preparation of promissory note and amortization schedule and tracking loan repayments.
  8. Hardship withdrawal processing: Determination of hardship distribution amount and preparation of application forms.
  9. Reconcile trust accounts.
  10. Prepare participant statements.
  11. Monitor participants who are required to receive age 70½ distributions.

• Annual Compliance Testing and Government Reporting

  Our professional staffs have the knowledge and expertise to help keep retirement plans in compliance with US federal laws and regulations and, should violations occur, we provide with methods of correction
  1. Contribution deductibility calculations (§404).
  2. Annual additions testing (§415).
  3. Top heavy testing (§416).
  4. Coverage testing (§410(b)).
  5. ADP/ACP testing (applicable to 401(k) plans).
  6. Preparation of IRS Form 5500 and related schedules.
  7. Preparation of Summary Annual Report for participants.

• Consulting Services

  1. Plan amendments, terminations and mergers.
  2. Assist with IRS and DOL audits.
  3. Provide assistance with plan design changes.
  4. Conduct special plan or participant benefit studies or projections