Blog
February 27, 2025
What is retirement plan administration?
Retirement plan administration is the process of managing a retirement plan in a way that optimizes the plan’s design to be efficient and reliable.
It involves determining who is eligible, how contributions are allocated, meeting government nondiscrimination tests, and sending reports to company management and the Federal Government. Reach out to Benefit Equity Inc. for details and help.
There are a variety of tasks required to administer the annual employer’s plan. These include:
• Collecting and reviewing employee census data and investment statements
• Reviewing and communicating contribution options and fiduciary compliance requirements
• Performing compliance testing
• Preparing plan valuations, employer, and employee reports and the 5500 Report/Return for signature and filing by the employer
If you have questions about retirement plan administration, we’d love to hear from you! Contact us here, or call (714) 480-1346.
Recent Posts
Is your Retirement Plan Still Aligned with Your Company Goals
No Need to Stress about IRS Compliance Testing. BEI Can Help.
CalSavers Mandate – What Small California Businesses Need to Know Before 2026
Have You Reviewed Your Company’s Retirement Plan This Year?
Retirement Plans Can Reduce Taxes When Structured Correctly.