401(k) Plans

401(k) plans have become very popular. They offer an exciting employee benefit and a tax shelter for employees in a very cost effective manner.

Since our formation in 1981, we have provided specialized defined contribution recordkeeping services. Over the years we have developed sophisticated computer capabilities coupled with a professional staff to handle the most complex 401(k) arrangements with an emphasis on flexibility, timeliness and reliability. We have developed numerous 401(k) daily valuation strategic alliances to provide a full range of investment offerings.

We provide all the administrative services mentioned elsewhere in this brochure. We also offer specialized 401(k) services including:

Special nondiscrimination testing and corrective action to satisfy contribution percentage tests

Employee communications

Trustee directives to implement investment selections

Required employee notices for safe harbor 401(k) plans, SIMPLE 401(k) plans or automatic enrollment

A customized 401(k) savings and investment plan can contain a variety of features that require sophisticated accounting and recordkeeping capabilities. At RPAS we have the systems in place to do these jobs for you. Our systems are flexible enough to provide the customized services you need. Our state-of-the-art computer system is constantly upgraded to keep it that way. As a result, our ability to provide you with timely, accurate pension services is constantly enhanced. Let us each do what we do best – we will run your 401(k) plan for you while you run your business.

Our plan administration system can account for any type and frequency of plan contributions including:

Employee Contributions - salary deferrals, rollovers, after-tax contributions, mandatory contributions

Employer Contributions - matching contributions, profit sharing or nonelective contributions, qualified nonelective or matching contributions, safe harbor or SIMPLE 401(k) matching or nonelective contributions

Additionally, our plan administration services can accommodate virtually any plan design feature in your plan, including:

VESTING AND FORFEITURES

Our system can accommodate your plan's vesting provision(s) and accurately account for all forfeitures.

LOAN ACCOUNTING

If your plan allows participants to borrow from their accounts, our system can track loan repayments and interest.

BENEFIT PAYMENTS

Benefit payments are automatically accounted for and statements are generated.

INVESTMENT TRANSFERS

Fund transfers from one investment to another, if permitted in your plan, are handled smoothly and accurately.

VALUATION REPORTS

We offer a full range of plan reports. Depending upon your needs, valuations of investments and reports can be generated annually, semiannually, quarterly, or monthly. Daily valuation of investments is a popular option offered through our numerous 401(k) strategic alliance partners.

REPORTING SERVICES

Valuation Report - This report shows the value of all participant accounts as of the report date and includes comprehensive information on all account activity since the preceding report date for both active and inactive participants.

Participant Statements - These statements provide a comprehensive statement of all activity in a participant’s account during the reporting period. The statements are usually prepared as of the last day of the plan year or valuation dates, if more frequent.

401(k) Discrimination Report - We will analyze your plan to determine the percentage of salary deferred by highly and nonhighly compensated employees to ensure compliance with complex nondiscrimination rules.

Employee Census List - An employee census list reflecting current employee information, updated salaries, terminations, new employees, etc. will be generated annually and will be included with our valuation report.