Employee Benefit Plan Services

Smart businesses recognize that competitive employee benefit plans can help attract and retain talented, satisfied employees. As a core component of any benefits plan, retirement plans add value to a compensation package and give employees a measure of financial security.

We help our clients comply with the whole host of rules and regulations governing benefit plans. Our team of employee benefit specialists at McFadyen & Sumner can help you set up and administer your plan. Our clients appreciate our extensive experience and personal service.

From choosing the best plan to handling the plan’s administration, compliance and government reporting requirements, McFadyen & Sumner’s employee benefits practice offers a depth and focus to our employee benefit plan clients.

Types of Plans

• 401(k)
• Profit Sharing Plans
• Money Purchase Pension Plans
• Section 125 Plans (Cafeteria Plans)

Retirement Plan Services

• Plan design assistance and implementation
• Eligibility determination
• Employee communication and enrollments
• Contribution calculations and projections
• Allocation of employer and employee contributions, earnings, forfeitures and distributions
• Vesting calculations
• Distribution packets including federal and state withholding requirements
• Loan packets
• Collection of census information
• Anti-discrimination and other applicable testing
• IRS/DOL compliance support
• Annual filing of forms 1099-R and 945
• Participant benefit statements and summary of accounts
• Annual return/report form 5500 and related schedules

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