OUR RESPONSIBILITIES
When it comes to successful retirement plan administration, it is imperative
that we work together to create and implement the best plan for your business.
Therefore, it is helpful to outline Five Star’s responsibilities as plan
administrators in making this venture successful. Below we have outlined some
of our primary responsibilities:
Five Star Retirement Professionals, LLC agrees to:
- Design a plan of benefits and a document outlining that plan
for submission to the IRS or to the client upon their request
- Document any amendments to said plan or provide a restatement
of the agreement when required by the IRS
- Determine each employee’s eligibility, benefits, contribution
shares and vested percentages
- Prepare annual reports, account balances and governmental
forms relating to the chosen plan
- Determine any benefits due to an employee who has been terminated
or otherwise withdraws from the plan
As always, it is our goal to make the retirement planning process
as simple and convenient as possible for each of our clients.
Our knowledgeable staff is proficient in the design, drafting
and reporting of all aspects of your business' retirement
plan administration. |
