The function of Palmer Pension Services, Inc. is to offer a wide range of pension administrative services required in order that businesses can take advantage of the benefits available within a qualified retirement plan. We are a Georgia corporation which provides objective and professional services to Employers who currently sponsor or would like to sponsor a qualified retirement plan.
Types of Qualified Retirement Plans
- 401(k) Plans
- Money Purchase Pension Plans
- Age Weighted Plans
| - Cross Tested Plans
- Profit Sharing Plans
- Defined Benefit Plans/Cash Balance
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Major Administrative Services
- Approved Prototype Plan Document
- Preparation of Discretionary Plan Amendments
- Trust Accounting of All Plan Assets
- Calculation of Annual Employer Contributions
- Annual Valuation Reporting
- Quarterly Valuation Reporting
- Annual Form 5500 Reporting
- Participant Distribution Packages
- Participant Loan Calculations
- Quarterly Pension Benefit Statement Notices
- Plan Binder System for Recordkeeping
| - Preparation of Mandatory Amendments
- Preparation of Participant Loan Program
- Annual Review of Employee Data Collection
- Annual Compliance Testing
- Annual Participant Benefit Statements
- Quarterly Participant Benefit Statements
- Summary Annual Report
- Annual Form 945 and 1099-R Reporting
- Safe Harbor Notices
- Annual Participant Fee Disclosures
- Annual Employee Meeting
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