Michigan Benefit Consulting       
 
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ONGOING ADMINISTRATION SERVICES

 

●    Data collection and calculation of renewal year contributions based on existing plan
      formula.

●    Preparation of Employee Benefit Statements indicating vested benefits and projected
      retirement benefits.

●    Review of plan specifications for conformance with Internal Revenue Service and ERISA
      requirements, and notification thereof to Plan Administrator.

●    Preparation of joint Department of Labor and Internal Revenue Service
      Annual Return/Report of Employee Benefit Plan (5500 Series) and Summary Annual
      Reports.

●    Preparation of Schedule B (Form 5500) -Actuarial information.

●    Maintenance of research and reference services to respond to plan administrator
      inquiries.

●    Calculation of benefits payable under various settlement modes for participants eligible
      for retirement.

●    Calculations of benefits payable to terminating participants.