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Defined
Contribution
Plans
Plan Administration
and Consulting
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Daily valuation
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Quarterly statements
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Electronic data
transmission
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Multiple payroll feeds
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Full compliance testing
and consulting
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Loan modeling and
administration
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24-hour voice response
system with option to speak with retirement plan representative
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Interactive Web-based
transactions
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Balance forward
recordkeeping
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Plan design consulting
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Plan Document and SPD
preparation for counsel review
Participant Communications
and Investment Education
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Comprehensive on-site
enrollment meetings
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On-line participant
investment advice
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Multimedia information
sources
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Summary Plan Descriptions
(SPD)
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Participant benefit
statements
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Web site retirement
planning tool
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One certainty of today’s
world is that each of us is responsible for contributing to our
financial security during retirement years. Defined contribution plans
are one method by which an employer can support its employees in
planning for their financial future. Nyhart helps each
client design and implement a plan which will benefit both the
employer on a current tax-deductible basis and the employee on a
tax-deferred basis. We can design the plan features that best suit the
needs of your company and your employees.
Specialization
Nyhart’s defined contribution staff specializes in the
administration of profit sharing, money purchase, 401(k), 403(b),
employee stock ownership, and non qualified tax deferred compensation
plans. Our hands-on, service minded approach helps assure prompt and
accurate administration of your defined contribution plans. We work
with you in every phase of plan administration, from data gathering
and account reporting, to compliance testing and legislative changes.
Our flexible computer system helps us work efficiently and is capable
of a broad range of recordkeeping activities. Our services include
allocating fund earnings, forfeitures and contributions, providing
participant statements that are detailed yet easy to understand,
generating year end annual reports that summarize the plan’s financial
and participation activity, certifying benefit payments, and checking
the plan for compliance issues. Working on a proactive basis, we offer
actual deferral percentage projections and detailed allocation
analyses. We also conduct frequent plan document reviews to make sure
your plan is continuing to meet your needs. Our extensive knowledge
and experience with a wide variety of plans allows us to identify
potential problems before they arise.
Daily Valuations
Nyhart provides daily valuation recordkeeping with full
Internet access and an interactive voice response system that enables
participants to access their account balances and make investment
changes. Our Web site retirement planning tools and access to
investment education information help participants make informed
decisions when planning for their future.
Explore our Web site at
www.allbenefits.com. Access to a
sample participant account is immediately available by pointing your
browser to our site and entering the following information at the
"Participant Login" screen.
Social Security #: 111-11-1111
PIN #: 1111
Our comprehensive trading platform gives the plan administrator access
to over 3,500 mutual funds in over 200 fund families to better design
investment choices to meet the diverse needs of employees.
Preparing for the
Future
Nyhart will assist you in encouraging your employees to
prepare for their future needs. We will be a part of your team in
communicating the plan provisions and benefits to enhance your
employee’s appreciation of the plan to its fullest. Giving you
first-class consulting, administrative, and communication services for
your defined contribution plans is our goal.
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