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