Defined Benefit Pension Administration
Whether your defined benefit plan is an active part of your overall benefit offering, is closed to new participants, fully frozen, or a legacy plan, we offer administrative support services associated with the maintenance of a pension plan.
- Calculate retirement benefits, including optional forms of payment;
- Select and send application and related forms to participants;
- Review retirement options with participants;
- Complete payment authorizations for Trustee/Insurance Company;
- Prepare and distribute SPD to terminating, vested plan participants;
- Provide census data for company pension plan actuaries, used in valuations;
- Provide census data to company auditors;
- Distribute Annual Funding Notices.