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Turnkey Administration

Retirement plan administration is a key component to the overall effectiveness of the plan. At Omega Pensions, we handle all administrative issues pertaining to our client's plans.

We work with our clients to create the most effective plan design to meet their objectives while staying in compliance at all times. Our compliance team establishes the plan document, and our qualified administrators ensure daily operations run smoothly.

Comprehensive Administrative Services

  • Single point of contact for all administrative needs
  • Maintain historical data for the plan
  • Review census and monitor eligible employees
  • Calculation of vested benefits
  • Allocation of annual profit sharing contribution
  • Safe-Harbor annual calculation
  • Maintain the Plan Document
  • ADP & ACP testing of plan contributions
  • Annual additions, top-heavy, and coverage testing
  • Compliance testing
  • Preparation and electronic filing of form 5500 and related schedules
  • Preparation of Summary Annual Report
  • Loan administration
  • Distribution processing