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Employee Benefit Plan
As accountants and consultants to employee benefit plans, we understand the endless regulations associated with these plans. We also recognize a plan's special needs and together with the labor-management team, we craft viable solutions.
Once you are in compliance with the rules promulgated by ERISA, IRS and the Department of Labor (DOL), then planning for member pension and other benefit satisfaction can begin. This is the core of our value-added services.
EXPERIENCE
At MSPC, we have been providing services to administrators, trustees and plan sponsors of single and multiemployer benefit plans since the passage of the Taft-Hartley Act.
We have the knowledge, experience and staff to assist you with plan compliance and government filings. Currently, we service a large number of organizations with participants ranging from 200 to 20,000. Our experience with these organizations make us the ideal firm to service your funds.
CONTINUING EDUCATION
By attending the International Foundation of Employee Benefit Plans' Annual Conference, during which an entire day is devoted exclusively to accounting issues, and attending the National AICPA Accounting and Auditing Conference on Employee Benefit Plans, we are able to monitor and then implement the DOL's opinions and regulations.
Our continued education ensures that administrators, trustees and plan sponsors always work with qualified and experienced individuals. These same professionals know how the old and new regulations affect your plans. With regulations always changing, proper consultation is vital in keeping these plans current.
To help keep clients abreast of issues affecting these plans, we immediately disseminate changes to them through tax alert bulletins, year-end tax planning booklets, presentations, and personal contact.
VALUE-ADDED SERVICES
We assist our single and multi-employer fund clients with design, installation, and implementation of important software applications, including contribution and membership information, benefit payments, and annuity and vacation fund participant statements. We can also assist with any of the following services:
- Annuity Fund Yield Calculations
- Tax Research
- Financial Statement Preparation
- COBRA Premium Payments
- Plan Valuations
- Governmental Filings (5500s, 990s, 1041s, etc.)
- Trend Analysis
- Level of Benefit Calculations
- Payroll Audits
- Projections
- Special Projects and Studies
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| Contact Joseph J. Corcoran, Principal-in-Charge, for more information on our Employee Benefit Plan Services. |
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