Third Party Administration
SetAway is dedicated to helping employers simplify the complexity of sponsoring a qualified retirement plan. Whether your business is a one-man operation or a company with hundreds of employees, our mission is to help you untangle the network of regulations and develop a streamline process to keep your plan running smoothly throughout the year.
Let us take care of the regulations…
Services Include:
- Manage plan documents. This includes creating, amending and restating.
- Preparing employer and employee benefit statements
- Assisting in processing all types of distributions from the plan
- Preparing loan paperwork for plan participants
- Annual IRS compliance testing for non-discrimination requirements, as well as plan participant contribution limits
- Allocation of employer contributions and forfeitures
- Calculating participant vesting percentages
- Preparing annual returns and reports as required by the IRS, DOL, and other government agencies.
- Identify and calculation required minimum distributions
- Assist with annual plan audits