Consulting, Compliance and Assurance Services for 403(b) Plans
You may want assistance to determine if your company is in compliance with the regulatory requirements for 403(b) plans. Revisions to Form 5500 filing requirements made certain 403(b) plans subject to an audit, similar to 401(k) plans.
Your Challenges with 403(b) Plans
Plans face scrutiny from participants and regulators, and are subjected to compliance with changing regulations. Selecting the right provider is important, especially with increasing costs, and fulfilling fiduciary responsibilities is a must. Adequately preparing for your audit will save you time and money on audit fees.
PASI has a full complement of 403(b) plan consulting and compliance services to assist your business. From plan documentation, service provider assessments, and accounting/record gathering for benefit plans, we make the process easier on you and your staff.
We can help to facilitate the service provider RFP process, conduct benefit program and fiduciary reviews, and assess your benefit plan’s operational and regulatory compliance status. PASI will help you develop agreed upon procedures for initial account balances and prepare Form 5500 government reporting. From annual compliance/nondiscrimination testing to preparing Form 5330 excise taxes for you, PASI has the 403(b) plan services you need.
PASI’s Assurance Services
- Benefit plan operational improvements
- Financial statement audits
- Management, trustee and audit committee communication assistance
- Assistance with DOL and IRS investigation audits