Comprehensive, Worry-Free Plan Administration
Our team handles every detail of your Plan administration so you can stay focused on your business. From data collection and compliance testing to government filings and employee communication, the CrossPlans team simplifies the complex and helps keep your Plan on track year-round.
Personalized Plan Support
You’ll work with a dedicated retirement plan consultant who understands your plan and goals.
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One main point of contact
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​Domestic service team
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Familiar with your plan’s history
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Provides proactive guidance
Compliance Management
We help you stay compliant with ever-changing regulations and deadlines.
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Annual nondiscrimination & compliance testing
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Signature Ready Form 5500 & required filings
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Plan document updates & amendments​
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Clear Communication
We keep you informed every step of the way with simple, straightforward, and timely communication with no surprises.
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Regular plan status updates
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Easy access to your administrator
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Secure Portal
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Straight answers without delays
Keeping Your Plan on Track Each Year
Annual administration of a retirement plan is the process of correlating the plan’s design with the plan sponsor’s year end questionnaire and census data to determine appropriate coverage, contribution and reporting requirements under the Internal Revenue Code. Utilizing third party technology and proprietary automations, we have solutions to improve and simplify the data collection process.
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From a functional point of view this process consists of and requires:
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Annually gathering complete census and trust data prom your team or through payroll integration functionality
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Analyzing that data for accuracy and reconciling contributions at the Plan and Participant level.
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Reviewing participant demographic data for accuracy
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Performing Plan specific annual compliance testing
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Preparing the annual plan valuations and trust accounting.
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Communicating contribution options and/or required contributions
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Preparing annual valuation reports
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Preparing annual 5500 tax returns and all associated attachments & schedules for signature and filing by the employer.
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Review fiduciary compliance issues from a document and operational point of view and advise the plan sponsor of concerns or areas of improvement.
Regardless of technology or integration, the most important annual function is to take an intentional and conceptual view of the plan(s), think about the goals and aspirations of the plan sponsor and ask whether the plan is serving those ends. A plan design that solved a retirement plan goal for a small employer may inadvertently create problems as that employer grows. These problems can often be avoided with thoughtful communication and a caring overview of the employer’s evolving business.
