Defined Benefit Plans

Small Defined Benefit Plans

Nova 401(k) Associates also has on-staff actuaries to provide services to tax-motivated defined benefit plan services, including:

  • Design and implementation of owner-only plans, tiered defined benefit plans, and cash balance plans
  • Preparation and maintenance of plan documents
  • Preparation of IRS determination letter filings, as required or requested
  • Preparation of summary plan descriptions
  • Summary Annual Report and Annual Funding Notice preparation
  • PBGC premium
  • Annual nondiscrimination testing
  • Electronic filing of Form 5500-SF and paper filing of Form 5500-EZ, as required
  • Form 8955-SSA preparation
  • Annual Individual participant statements
  • Actuarial valuation reports and AFTAP certifications

Large Defined Benefit Plans

Nova 401(k) Associates’ actuaries all have experience working on mid-size and large plans:

  • Coordination with your outside ERISA attorney or preparation of plan documents including summary plan descriptions and as required IRS determination letter filings
  • Annual funding notice preparation
  • PBGC Form 1 and PBGC Form 1-ES as required
  • Annual nondiscrimination testing
  • Electronic filing of Form 5500
  • CPA audit support including FAS 35 calculations
  • Form 8955-SSA preparation
  • Annual Individual participant statements
  • Actuarial valuation reports and AFTAP certification
  • Consultations regarding required quarterly contributions
  • Frozen plan expertise
  • Development of strategies to work with plan sponsors to get their frozen plans to fully funded status so that they can be terminated
  • Financial accounting calculations including pension expense and footnote disclosures

More About Nova 401(k) Associates

We Get It. We Listen. We Communicate.