Pension and Retirement Services - Keeping Your Retirement on the Right Course
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10805 Sunset Office Drive, Suite 403
St. Louis, MO 63127

phone: (314) 966-0406
fax: (314) 966-0465
contact@pars401k.com

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Our Services

Because we are a full service consulting and administration firm, partnering with us ensures that the needs of you and your employees will be met. We offer a full range of retirement plan services for 401(k), defined benefit, profit sharing, money purchase, 403(b), 457, 412(i) and Non-Qualified Plans. Click below for details of the services provided.

Plan Design and Consulting
Plan Implementation
Defined Contribution Plan Recordkeeping and Administration
Defined Benefit Plan Actuarial Services and Administration
Annual Compliance Testing and Government Reporting
Consulting Services

Plan Design and Consulting

  • If the employer does not have a plan currently, we complete a fact-finding questionnaire to determine what plan design is appropriate for the organization and their needs and objectives.
  • If we are taking over an existing plan, we review the existing plan provisions and recommend changes to meet the employer’s goals and objectives.
  • Review the employer's controlled group and/or affiliated service group situation.

Plan Implementation

Selecting, customizing and implementing a plan can be a complex process. Our professional staff will guide you through each step, including:

  • If this is an existing plan, we prepare all of the paperwork to notify and move the plan to the new provider.
  • Prepare plan documents as required by the IRS.
  • Prepare the request for an IRS determination letter, if applicable.
  • Prepare the Summary Plan Description that is required to be distributed to plan participants.
  • Prepare customized enrollment and administrative materials.
  • Conduct employee enrollment meetings to communicate the provisions of the plan.

Defined Contribution Plan Recordkeeping and Administration

We perform the following services in order to provide smooth and efficient plan operation:

  • Calculate employee eligibility and plan entry.
  • Maintain participant vested percentage records.
  • Process each payroll, allocating contributions and loan payments according to the participant's investment elections.
  • Process fund transfers in accordance with participant elections.
  • Determine eligibility for allocation of employer contributions and forfeitures.
  • Allocate employer and employee contributions, earnings & forfeitures.
  • Distribution processing: Calculation of distribution amount, preparation of required distribution notices, release forms and IRS Form 1099-R.
  • Loan processing: Set up of loan accounts, preparation of promissory note and amortization schedule and tracking loan repayments.
  • Hardship withdrawal processing: Determination of hardship distribution amount and preparation of application forms.
  • Reconcile trust accounts.
  • Prepare customized participant statements.
  • Monitor participants who are required to receive age 70½ distributions.

Defined Benefit Plan Actuarial Services and Administration

Our professional staff has the expertise and up-to-date technology to provide the necessary actuarial and administrative assistance to manage your defined benefit plan:

  • Calculate employee eligibility and plan entry.
  • Maintain participant vested percentage records.
  • Determine eligibility to receive benefit accrual.
  • Prepare annual actuarial report and certification.
  • Actuarial determination of required employer contributions.
  • Preparation of individual benefit statements.
  • Distribution processing: Calculation of distribution amount, preparation of required distribution notices, release forms and IRS Form 1099-R.

Annual Compliance Testing and Government Reporting

Our professional staff has the knowledge and expertise to help keep your retirement plan in compliance with federal laws and regulations and, should violations occur, provide you with methods of correction. We provide the following services, if applicable:

  • Contribution deductibility calculations (§404).
  • Annual additions testing (§415).
  • Top heavy testing (§416).
  • Coverage testing (§410(b)).
  • Compensation testing (§414(s)).
  • ADP/ACP testing (applicable to 401(k) plans).
  • Nondiscrimination testing (§401(a)(4))
  • Preparation of IRS Form 5500 and related schedules.
  • Preparation of Summary Annual Report for participants.
  • Preparation of appropriate PBGC form (for defined benefit plans only).

Consulting Services

  • Plan amendments, terminations and mergers.
  • Consulting on business issues that may affect the qualified plan.
  • Assist with IRS and DOL audits.
  • Provide assistance with plan design changes.
  • Conduct special plan or participant benefit studies or projections.

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