Planning for Your Employees’ Tomorrow, Today.

Premier is really valuable to us. You explain things we don’t understand and outline our options clearly.

Ken Greger, Greger / Peterson Associates, Inc.

Services

Below you will see a list of the various ERISA consulting services you would expect from a full service TPA providing 401(k), defined benefit, 403(b) and ESOP administration.

We also encourage you to review How We Work to see where we differentiate ourselves from other TPAs in providing reliable and personalized support in the administration of your retirement plan.

Setup & Transition Services

  • Creation of retirement plan design studies to evaluate your different design options using the information from our Request for Quote Form
  • Preparation of the required contract outlining our services and a cost schedule corresponding to those services for your completion to engage Premier RPS
  • Coordinating the change of your TPA and investment platform during transitions
  • Allocation work as necessary to complete service provider transitions
  • Access to our Secure Client Site that will be the hub for your plan’s administration
  • Completion of an Employer Retirement Plan Guide to facilitate your ongoing administration
  • Communication support for you and your employees during setup and transitions

Plan Document Services

When Premier RPS maintains your retirement plan document:
  • Plan document design, preparation and periodic restatements as required
  • Preparation and maintenance of the Summary Plan Description (SPD)
  • Preparation of plan amendments (both required and discretionary) as requested or required
  • Determination letter filings with the IRS as requested

Services we provide for all of our clients:

  • Coordination of your retirement plan notices (including but not limited to: safe harbor, auto enrollment, QDIA, PPA and fee disclosure)
  • Maintaining up-to-date document and notice files on our Secure Client Site for your access

Reporting Services

  • Creation of your signature ready Annual Return and Report (5500, 5500SF or 5500EZ)
  • Completion of your Summary Annual Report (SAR) to distribute to participants as required
  • Preparation and filing of your Form 8955-SSA when required
  • An annual Administration Report detailing your participant information, financials and testing
  • Individual benefit statements reflecting participant balances by source and vesting
  • An Executive Summary Report containing your “to-do” list
  • An annual retirement plan review with you
  • Maintaining your current and prior two years’ administration work on our Secure Client Site for your access

Calculation & Compliance Services

  • Maintenance of your retirement plan database (including account balances and service history for eligibility and vesting)
  • Review of your annual census information collected through our Secure Client Site
  • Trust accounting on your plan’s assets and transaction records
  • Highly compensated and key employee determinations
  • Coverage and non-discrimination testing for your plan
  • Preparation of discretionary benefit calculations for your plan and tax filing
  • The coordination of self-employment income calculations with plan funding when required
  • Top heavy testing for your subsequent plan year contributions and forecasting

Benefit Services

  • Upon request, we will provide support for severance of employment payouts from your retirement plan (including termination of employment, retirement, death and disability benefit distributions)
  • Upon request, we will provide support for in-service distributions from your retirement plan (including hardship, pre-retirement and rollover benefit distributions)
  • Upon request, we will provide participant loan support as allowed under your retirement plan document
  • Required Minimum Distributions (RMDs) will be prepared for your participants as required
  • We will review Qualified Domestic Relation Orders (QDROs) and transact them when executed
  • Preparation of Forms 1099-R and 1096, when not completed by your investment provider and optionally, Form 945 for non-payroll withholding deposits from your plan

Plan Termination Services

  • Preparation of your final retirement plan document updates (including amendment or restatement)
  • Completion of your plan termination resolution for distribution to your employees
  • Upon request, preparation of a determination letter filing with the IRS on your plan’s termination
  • Completion of your final required calculations and compliance
  • Preparation of your final reporting

Specialty Services

  • Mid-year testing as requested for your plan compliance and ongoing design evaluation
  • IRS and DOL audit support if required
  • Government correction programs (including delinquent filer, funding timeliness, form and operational failures)
  • Defined Benefit administration (including combined plan testing, PBGC filings, AFTAP, Annual Funding Notices and communications)
  • Employee Stock Ownership Plan (ESOP) administration (including leveraged stock allocations, diversification, combined plan coordination and repurchase analysis)
  • Non-ERISA plan administration (including Solo 401(k), non-profit, church, governmental and tribal retirement plans)

Services not offered by Premier RPS

Premier RPS does not engage in any of the following services:

  • Trustee Services
  • Custodial Services
  • Asset Valuations
  • Investment advice, representation, or investment services
  • Fiduciary services/named fiduciary
  • ERISA defined Plan Administrator