DC Services

Administration and Recordkeeping

Swerdlin's comprehensive recordkeeping and administration services include:

• Quarterly, semi-annual or annual allocation reports
• Quarterly, semi-annual or annual participant statements
• All compliance testing
• Form 5500 filing with attachments and summary annual report

In addition to our recordkeeping services, we offer regulatory compliance services to protect your plan's tax-qualified status. Our standard compliance services include:

• Plan document and SPD creation and support
• Annual Form 5500 reporting and required disclosures 
• IRS Forms 1099-R, 1096 and 945 
• Projected and actual employer contribution calculations
• Compliance testing: 
  
  • 401(k) nondiscrimination (ADP/ACP)
  • General nondiscrimination (401(a)(4))
  • Compensation nondiscrimination (414(s))
  • Minimum coverage (410(b)) 
  • Top-heavy analysis (416)
• Monitoring of limits: 
  
  • Salary deferrals (402(g)) 
  • Annual additions (415)
  • Compensation (401(a)(17)) 
  • Deductible contributions (404(a)(7)) 

Transaction Processing

Our full-service, daily-valued plan administration services include:

• Contributions
• Distributions
• Participant-initiated transfers 
• Model portfolios
• Directed model portfolio rebalancing
• Daily asset reconciliation
• Quarterly reports and participant statements
• 24-hour plan sponsor and participant website access
• In-house participant call center with Spanish speaking representatives available 8:00 am to 6:00 pm EST

Processing Services

• Determination of eligibility
• Distribution of enrollment packages
• Distribution of termination packages
• On-demand reporting for participants and plan sponsor
• Online enrollment for new participants
• Online contribution changes     
• Design of custom reports
• Participant statements delivered online or by mail

Compliance Services

• Perform all required compliance testing on an annual basis
• Prepare electronic signature-ready IRS Form 5500
• Prepare IRS Forms 1099 and 945 and provide data to plan custodian for filing

Communications Support

• In-house participant call center with Spanish available
• Customized enrollment and education material for participants
• Participant and Plan Sponsor website
• Employee meetings