Our comprehensive pension administration services cover all necessary aspects for a successful defined benefit plan. Services include:

• Performing all functions relative to payment of retirement benefits in accordance with each Pension Plan
• Advising retirees of procedures for withholding federal income taxes from benefit payments, and withholding and reporting amounts to the IRS
• Verifying accuracy of employer contributions and reports and maintaining these records
• Distributing beneficiary designation forms and retaining completed forms
• Maintaining retiree files including information on benefit amount, type of benefit, spouse data, etc.
• Performing regular audit of retirees, beneficiaries and terminated vested participants against death records
• Monitoring Pension Plan rules relating to mandatory 70 1/2 distributions, maximum benefit payment, and suspension of pension benefits

We maintain a database of complete participant records for all documentation received including hours worked and contributions paid or required to be paid for each plan year. For each participant (or former participant) we track their accrued benefit, credited service, date of birth, date of entry, sex, employer contribution history and beneficiaries. Other routine services include:

• Responding to participant inquires regarding eligibility, Plan coverage, status of benefit payment and requests for forms
• Providing participants and applicants with written documentation of eligibility status upon request
• Preparing and distributing annual benefit statements to participants
• Determining benefit eligibility in accordance with the Pension Plan and rules and regulations adopted by the Trustees
• Maintaining and processing records of eligibility based on reciprocity agreements and procedures established by the Trustees
• Working with the Trust's consultant and/or attorney on Plan interpretations as required
• Prorating benefits if an employer contributes less that the full negotiated contribution level
• Providing the actuary with annual report of participant data for actuarial valuations
• Performing annual certification to determine whether participants receiving disability pensions still meet the Plan's definition of disability