SandMartin embarked on its journey with Third Party Administrators (TPAs) back in 1998, pioneering outsourcing when it was still a novel and mystical concept. Our commitment to delivering progressive Retirement Plan solutions is backed by years of experience, providing dedicated service to TPAs in the US. By delivering progressive Retirement Plan solutions, we understand the responsibility that comes with outsourcing projects.
Our dedicated team is proficient in both Balance Forward & Daily Valuation forms of Record Keeping. Their expertise spans from preparing Plan Documents, Trust Accounting, Payroll, and Loan Processing Distribution to Year-End compliance testing and IRS Form 5500 preparation, including 1099Rs, 5558, 5330, and more. This makes us a comprehensive “one-stop shop” for all 401(k) needs, marked by unparalleled commitment. We possess proficiency in various 401(k) administration software, ensuring we can seamlessly adapt to your preferred platform.
Our team boasts experience with numerous broker statements from John Hancock, ING, Great West, Hartford, American Funds, Transamerica, Smith Barney, Merrill Lynch, Vanguard, Ohio National, and more. They meticulously prepare Final Plan Valuation papers for easy review and direct client delivery. All our activities are geared towards producing high-quality output and saving US administrators valuable time during review.
The Services We Offer:
Plan Documents & Restatement: We prepare Plan Documents for various TPAs, including Volume Submitter Plans, and assist in plan document restatements.
Census Management: We have developed an in-house Microsoft Access-based software for data scrubbing, ensuring error-free data import into the Administration software.
Payroll, Loan, Contribution, Distribution & Rollover Processing: Our team expertly processes loans, distributions, and IRA rollovers for clients. They manage disbursements after receiving requests from US clients, working with financial vendors such as ‘John Hancock,’ ‘ING,’ ‘American Funds,’ ‘Mass Mutual,’ ‘Transamerica,’ and more.
Comprehensive Trust Accounting: We manage TA for numerous plans and are well-versed in major brokerage statement types.
Year-End Compliance Tests: Our assistance includes Coverage tests, Annual Addition Limit, ER Deductible, general tests, ADP/ACP tests, 414(s) compensation tests, and more. We calculate corrective distribution refunds for HCEs if the plan fails ADP/ACP tests, along with GAP earnings or QNEC/QMAC allocation to non-excludable NHCEs if needed. The same applies to ‘Top-Heavy’ minimum contribution calculations.
Signature-Ready IRS Form 5500 with applicable Schedules & SAR: We have prepared over 25,000 Form 5500s for small and large plans, including all applicable schedules & SARs for distribution to participants.
Annual report to client & Annual statements to participants: We create customized annual reports for clients, enhancing reporting and compliance.
Miscellaneous Services like preparation of 1099Rs, 5558, SS-4 etc. : We cover everything from preparing 1099Rs, 5558, SS-4, and more, offering a comprehensive suite of services to fulfil your Retirement Plan requirements.
At SandMartin, we are your unwavering partner, committed to delivering excellence in Retirement Plan Administration.
