Retirement Plans

A very sensitive and needful area of employee care is in the proper, respectful handling of their retirement plans. This proper retirement plan is not to be taken lightly nor is it a simple affair. Considering the complex layout of different plans we have to offer, we have listed just a few below. The Payroll Source has many more to offer, and if If you are interested in something other than the ones stated below, please do not hesitate to contact us. We will be more than willing to find the one that suits your company best. We have partnerships with several different investment providers.

The following is a list of basic services:

• With investment layouts we can take care to secure your retirement
• Provide required legal documents, such as a corporate resolution, adoption agreement, and summary plan description
• View 401K record keeping
• Prepare the annual federal form 5500, along with 1099-R and 945 forms as they are needed
• Provide quarterly management reports, participant reports, employer assistant, and enrollment support
• Perform daily valuation of all account balances
• Process participant distribution for qualifying events such as termination, retirement, or disability

Contact us with any questions or interest in our programs.