Return to Role of a TPA Top Q. What plan document drafting services does QPC offer?
• Create Adoption Agreement with employer-chosen provisions • Create Summary Plan Description (SPD) for plan participants (paper and CD) • Professional, bound SPD booklets available on request • Above documents are presented in a professional looking 3-ring binder Return to Role of a TPA Top Q. What is compliance testing and what does QPC offer? A. Regulations require plan sponsors to prove that the plan contributions or benefits do not favor the owners and highly paid employees. This is done through a series of annual tests. QPC offers full testing services for all their clients, including Average Deferral Percentage/Average Contribution Percentage (ADP/ACP), Top-heavy, Section 415 Annual Additions Limits monitoring, Section 402(g) Salary Deferral Limits monitoring, and Section 410(b) Minimum Coverage testing. Our goal is to complete annual testing within 2 weeks after receiving complete census data from the client. Return to Role of a TPA Top Q. What are the government reporting requ
