Simplicity is the key to the success of your retirement design.
For the convenience of our clients, CBP sponsors its own Regional Prototype plan documents for both standardized and non-standardized 401(k), Profit Sharing and Money Purchase Plans. We also offer Volume Submitter plan documents.
Our focus is total compliance services for our clients.
Summary of Services*
Consulting and Plan Design
● Plan Comparability Analysis
● Employer-Specific Plan Design
● Participant Communication Materials
● Guidance on Plan Implementation and Termination
● Assistance in Government Agency Audits
● Internal Plan Reviews
Document Services
● Prototype and Volume Submitter Plan Agreements
● Plan Amendments and Restatements
● Summary Plan Descriptions
● Employer Administration Manuals & Forms
● Notices to Participants
● Enrollment Packages
Government Forms Preparation
● Form 5500 and 5300 Series Reports and Related Schedules
● Summary Annual Reports
● Reporting of Distributions and Tax Withholding (1099-R)
● Determination Letter Filing
Plan Valuation and Allocations
● Reconciliation of Plan Assets to Payroll
● Financial Statements on Accrual Basis
● Eligibility Calculations
● Participant Updates and Allocations
● Loan Administration
● Qualified Domestic Relations Order (QDRO) Processing
● Vesting Calculations
● Allocation Summary Reports
● Distribution Packages
● Plan Conversions
Compliance Testing
● Contribution Deductibility
● Top-Heavy Testing
● Coverage Testing
● Compensation Ratio Testing
● 401(k) Non-discrimination Testing
● Annual Additions Limitations
Calculations and Projections
● Employer Contribution Analysis
● Required Minimum Distribution Calculations
● Projected Entry Date Reporting
*This list is only intended to be a summary. For a detailed comprehensive list of services provided by CBP, please request a copy of our Administration Services Agreement.