ADMINISTRATION SERVICES

Our administrative team has the knowledge to ensure that your plan is compliant and that we have designed the plan to meet your objectives.

Summit Offers a flexible approach to suit each plan sponsor’s unique situation. We have the ability to provide bundled or unbundled third party administration (TPA) services for your plan. Our bundled product integrates payroll reporting into our administrative program which allows us to efficiently facilitate the compliance testing and Form 5500 preparation with less work for the plan sponsor. Our conversion team works with you to develop a step-by-step process for the most efficient payroll upload process. In addition your Summit team will handle all requests for participant distributions and loan processing.

 

With the accounting background and experience of the Summit team, we have extensive knowledge in coordination and resolution of both Internal Revenue Service (IRS) and Department of Labor (DOL) to perform consulting work as an Independent Fiduciary. We are proud of the relationship that we have developed with the DOL and the experience and expertise that we can provide to our clients.

Our Administration Services Include:

  • A Full Implementation Team
  • ERISA Expertise
  • Compliance Testing
  • Annual Forms 1099-R
  • Annual Form 5500
  • Distribution & Loan Processing
 

Summit can also provide complete plan document support. We can offer non-standardized 401(k), Profit Sharing, and 403(b) plan documents. Summit will keep your plan document compliant with all regulations.

Our Plan Document Services Include:

  • Plan Document Review
  • Plan Design Consulting
  • Plan Restatements
  • Plan Amendments, Elective and Legislative
  • Summary Plan Description
  • Summary of Material Modifications