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Plan Administration
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Employee benefit programs are
required to comply with various
laws and regulations. BSG Benefits, Inc. offers
plan administration services for
all types of employee benefit
programs to assist you in
complying with these laws and
regulations. These services are
required as employee benefit
plans become more complex.
Included among the services
provided by our experienced
staff are the following:
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Government Filings.
Many employee benefit programs
are required to file reporting
and disclosure returns with
the IRS and with the
Department of Labor each year.
Most defined benefit pension
plans must also file forms
with the Pension Benefit
Guaranty Corporation. BSG Benefits, Inc. will
prepare these returns and file
them with the appropriate
agency for you.
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Disclosure to Participants.
Each year Plan Administrators
must provide information to
plan participants with respect
to their rights and benefits
under a plan. We will help you
to comply with these reporting
and disclosure requirements.
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Participant Account
Recordkeeping.
BSG Benefits, Inc. provides recordkeeping of
participants' accounts
including maintenance of
individual account records,
allocation of contributions or
accrual of benefits,
allocation of forfeitures and
investment earnings,
computation of individual
account balances and
preparation of a statement of
the benefits available.
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Plan Recordkeeping.
BSG Benefits, Inc. is available to provide
trust accounting services and
preparation of financial
statements for employee plans.
This includes maintenance of
records with respect to plan
investments.
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Benefit Claims.
BSG Benefits, Inc. will process benefit
claims and calculate
termination, death,
disability, and retirement
benefits and provide
information regarding
alternative forms of payment
available.
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Compliance.
BSG Benefits, Inc. will test for compliance
with IRS requirements.
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