Administration, Compliance Testing
& Government Reporting
It’s not enough to have a good plan in place. Compliance matters. Hembree TPA does everything needed to ensure every retirement plan we administer operates smoothly and efficiently while meeting all federal requirements and deadlines.
Our menu of services includes the following:
Our menu of services includes the following:
PLAN DOCUMENTS
Present plan proposals that offer effective benefits to participants while optimizing tax-deferral opportunities for plan sponsors
Draft the retirement plan and trust in accordance with an approved plan design
Plan Administration Services
Prepare employer valuation reports
Prepare participant statements of vested account balances or accrued benefits
Process in-service, hardship, and severance of employment plan distributions
Calculate and process required minimum distributions (RMD)
Prepare participant loan documentation
Prepare IRS Forms 1099-R and 945
Manage and prepare necessary forms and reporting for plan terminations
Annual Compliance Testing & Reporting
Complete nondiscrimination testing
Complete limit testing
Complete minimum coverage and top-heavy testing
Complete tax deductibility and funding testing
Prepare Form 5500 and related schedules
Prepare Summary Annual Report (SAR)
We know that tax-favored plans require accurate records, written plan documents, and government compliance reports. Anything less means lost time and money.
When we put your retirement plan puzzle together, everything fits.
