Compliance Testing

With constantly changing regulations and volumes of documentation, the process of annual retirement plan administration, especially compliance testing can seem daunting. At Pinnacle Financial Services (Pinnacle), our job is to make sure your retirement plan never becomes a headache. Therefore, we not only assist in many of the day-to-day operational tasks, but also provide the assistance and guidance needed to keep your retirement plan compliant with complex government regulations.

As the Third Party Administrator (TPA) for your plan, Pinnacle is focused on strategic plan development and maintenance specifically related to compliance. This includes plan document preparation, nondiscrimination testing and IRS Form 5500 preparation.

We work in tandem with your recordkeeper to provide you with a complete solution.

Calculating eligibility with projections for newly eligible employees.

Testing your 401(k) plan to ensure compliance with IRS rules including Actual Deferral Percentage (ADP), Top Heavy, 415 contribution limits and 410(b) coverage.

Monitor plan activity to ensure that the “Key Employee” benefits are not greater than allowed by law.

Tax reporting by preparing a signature ready 5500 with all related schedules.

Ensuring all loans and distribution comply with plan, IRS, and DOL rules.

An annual plan compliance review to compare the written plan to actual plan operation and to the plan’s original goals and specific objectives.

Through this process, you will benefit from the experience of our well-versed group of professionals who have over 100 years of combined administrative and practical experience. We understand you have a business to run and making sure your retirement remains in compliance is not your priority – its ours.

Pinnacle has over 30 years of commitment to administering 401(k) plans.