Retirement Plan Compliance: Building a Secure Future with PSI
Designing and implementing a custom retirement plan is just the start of a long-term commitment. At Pension Services, Inc. (PSI), we know that compliance is essential to keeping your plan a valuable corporate asset. A plan that falls out of compliance can quickly turn from an asset into a liability.
Our highly skilled team of attorneys, actuaries, administrators, and accountants actively monitor regulatory and demographic changes. By working closely with our clients, we help ensure that each plan stays current and compliant in today’s evolving landscape.
Our Key Responsibilities Include:
- Providing actuarial services
- Maintaining individual participant records
- Preparing IRS, DOL, and PBGC forms
- Preparing benefit statements for participants
- Updating plan documents
- Calculating annual benefit levels
- Conducting employee and professional seminars
- Processing participant terminations and retirements
- Offering ongoing consulting on plan operations
At PSI, we understand that retirement planning complements your main business focus. We aim to make the process seamless for executives, allowing them to manage their business priorities while meeting responsibilities toward employees’ and management’s futures.
Working Together to Maintain Compliance
In a field with constantly evolving laws and regulations, our dedicated team at PSI partners with clients’ accounting and legal teams to keep everyone informed about pension guidelines and regulatory changes.
Our clients trust us to operate as an extension of their team, ensuring compliance with key requirements such as minimum distributions, compensation limits, deferral percentages, profit-sharing, and more.
A Complete Approach to Retirement Plan Management
Our services extend far beyond design and implementation. We embed compliance into every phase, from plan setup to termination, ensuring familiarity with IRS testing requirements and terms like cross-tested, age-weighted allocation, and top-heavy minimums.
Today’s competitive workplace demands a robust retirement plan as a tool to retain top talent and offer financial security. A well-managed retirement plan is essential to staying competitive, and at PSI, compliance is the cornerstone of that strategy.