Abacus RPC offers consulting services in five main areas, each designed to help plan sponsors offer stronger, more cost effective and compliant retirement programs.
SPECIAL PROJECTS
Abacus RPC will support:
- Mergers & Acquisitions
- Plan Design
- Payroll implementation
- 3rd Party Service Provider RFP’s
- Vendor selection and implementation
- Start-Up design and implementation
- Employee Plan Compliance Resolution Corrections (VCP / Self Correction)
- IRS & DOL regulatory audits
ANNUAL COMPLIANCE SUPPORT
Abacus RPC offers dedicated support for Annual Plan Audits, Non-Discrimination Testing and Form 5500 accuracy and filing.
ADMINISTRATIVE AND OPERATIONS REVIEW
Abacus RPC will analyze all details of your entire plan operations to ensure your plan is running smoothly, providing a written risk assessment and recommending any appropriate risk measures.
This review includes:
- Compensation definition and payroll set-up
- Annual accumulators
- Match calculations
- Stale dated checks and lost participants
- On-Leave status procedures
RETIREMENT PLAN OVERSIGHT
Upon completion of an Administrative and Operational review, Abacus RPC will ensure that ongoing plan management is fully compliant and a smooth governance process is in place.
INTERNAL OPERATIONS SUPPORT
Abacus RPC, will manage, with authorization, direction and approval from the Plan Sponsor, all facets of daily administration, including:
- File remittance and maintenance
- Monthly reconciliation
- Hardship / Loan oversight
- Beneficiary / QDRO process management
- Participant issues and correspondence distribution
Download Abacus Scope of Services