Enjoy the convenience of streamlined 401k Services and Payroll Services with USA Payroll.
By using USA Payroll for your payroll and 401k TPA Services you will benefit from the following:
- Preparation of Volume Submitter Adoption Agreement, Summary Plan Description (SPD) and all required notices and forms
- Determination of Employees Eligible to Participate
- Determination of Vesting Service
- Submission of contributions per pay period
- Preparation of Annual Trust Accounting
- Calculation of Employer Matching Contributions
- Calculation of Employer Profit Sharing Contribution using various allocation methods: Pro-Rata, Integrated with Social Security Wages and New Comparability based on groups, age and/or service
- Annual Compliance Testing, ADP/ACP, Top Heavy, 402(g), 404 deductibility, 401(1)(a)(4) general non-discrimination, 410(b), 414(s), and 415
- Coordination of Annual Compliance Testing when there is a second employer plan
- Preparation of Annual IRS Filing 5500-SF and 5500 as well as assistance with large plan audit
- Distribution Processing, to include terminations, in-service, hardship, and age 70 RMDs
- Loan Processing