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Ascensus Consulting focuses on the administration and compliance issues related to managing qualified defined contribution, defined benefit, and cash balance plans. The following services can be performed depending on the circumstances of the plan.

New Plan
  • Plan document
  • Complete necessary sections of financial professionals’/investment providers’ forms
  • Attend enrollment meetings
Takeover Plan or a Plan Conversion
  • Plan document
  • Complete necessary sections of financial professionals’/investment providers’ forms
  • Help prepare letter to old asset provider
  • Help prepare Blackout Notice
  • Oversee financial professionals’/investment providers’ conversion process
  • Attend enrollment meetings
Plan Document Installation
  • Assist in plan document completion
  • Provide administrative forms
  • Provide Summary Plan Description
  • Provide corporate resolution
  • IRS Submission for Determination Letter (upon request)
  • Provide employer with Annual Notice to Employees for Safe Harbor Plans and SIMPLE Plans
Annual Compliance Testing and Calculations
  • Top Heavy IRC §416
  • Minimum Coverage IRC § 410(b)
  • Excess Deferral IRC §402(g)
  • Annual Additions IRC §415(c)
  • Actual Deferral Percentage Test (ADP) IRC §401(k)(3)
  • Actual Contribution Percentage Test (ACP) IRC §401(m)
  • Non-discrimination Testing IRC §401(a)(4)
  • Employer Deductibility IRC §401(a)(3)(A)
  • Safe Harbor 401(k) Match or Non-Elective Compliance
  • SIMPLE 401(k) Compliance
  • Catch-up Contributions
  • Annual Profit Sharing or Money Purchase Contribution Allocation (includes integrated, age-weighted, and cross tested)
  • Calculate partnership and sole proprietor earned income
  • Annual Match Contribution Allocation
  • Annual Forfeiture Reallocation
Plan Distribution Processing
  • Review paperwork for completeness
  • Contact trustee for missing data or signatures
  • Calculate maximum loan amounts
  • Calculate maximum hardship amounts
  • Calculate required minimum distributions
  • Calculate in-service distributions
  • Calculate QDRO distribution
  • Calculate corrective distributions
  • Initiate online distribution with financial professional/investment provider
  • Government Forms Filings and Form 5500
  • Signature-ready Department of Labor Form 5500 and related schedules
  • Voluntary Fiduciary Compliance Program
  • Delinquent Filer Program
  • Assistance with Internal Revenue Service or Department of Labor audits
Summary Annual Report
  • Summary of plan year transaction history, census data, and annual testing
  • Annual letter with projected testing limits and compliance issues in bound report
  • Terminated participants report with less than $5,000 vested balance to distribute
  • Combine outside assets or self-directed brokerage accounts on a participant annual statement
  • Annual review meeting encouraged
Contact us for more information.