We provide complete plan administration services to the retirement plan industry. We help Plan Providers and Recordkeepers, and manage the entire transaction processing, be it Distributions, Contributions, Rollovers, Loans, or Rebalances and Transfers.
Work with a single solution for all your year-end Compliance, Valuation, 5500 Reports and other Report requirements for the duration of a plan year.
The Congruent Retirement Outsourcing solution allows you to easily and efficiently outsource and manage every part of administration of your retirement plans. You can manage all your paperwork-heavy daily processing needs including payroll management, distributions processing, loans management, employee account transfers and much more.
Plan administration organizations can manage plans of all kinds using the Congruent Retirement Outsourcing solution:
Create plans in the recordkeeping or testing software based on the plan document information.
Quick review of client spreadsheets for missing or inaccurate employee census data.
Share raw data for comprehensive calculation of all types of employer contributions.
Outsource the necessary nondiscrimination testing and generate the reports for defined contribution plans to include 410(b) coverage, 415 annual limits, Top Heavy, 402(g), 401(a)(4) non-discrimination, ADP and ACP testing.
Reconcile the plan investment information with contribution details.
Maintain individual participant’s source level account balances in your trust accounting software along with investment information to calculate the vested account balance.
Prepare and process IRS Forms and Schedules for both audited and non-audited plans.
Compile all compliance, valuation and reports required to manage your audit process, for a plan year.
Upload and post Plan Contributions on your software from the participants’ Payroll for the purpose of Trade and Investment, make and manage Employee Account transfers through the Rollover application, process Employee’s Distributions on the recordkeeping platform and Employee’s Loans. This simplifies multi-day processes to single-step activities.
Zero errors and 100% Turnaround time. To know more how we can help, please fill the form.