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