Once your business has chosen a retirement plan, there is a significant amount of setup and continuing administration required. SVA can provide continuing management of your plan by assuming the data entry, accounting, recordkeeping and government compliance functions so that you can focus on growing and running your business.

SVA includes the following in our retirement plan administration services:

• New Plan Setup and Installation
  During the conversion process, the following steps will be taken by our retirement plan administration services area:
  • Collect all participant information required to perform initial plan processing
  • Input all data into the recordkeeping system
  • Reconcile assets transferred, when necessary
     
• Trust Accounting
  An essential element in reporting for the plan is the accurate tracking of the trust account activity.
   
• Participant Recordkeeping
  Tracking activity at the participant level includes performing and reporting allocations, such as:
  • Contributions
  • Earnings
  • Distributions
  • Load Payments
  • Transfers
  • Rollover Contributions
     
• Compliance Testing
  Our professionals perform numerous compliance tests to ensure that the plan and its participants comply with IRS regulations. If it is determined that the activities have caused failed tests, our professionals take the corrective action to ensure plan compliance.