The actuarial and plan servicing department ("third party administration
department") of Danziger & Markhoff LLP, designs, prepares and administers
retirement plans for businesses of all sizes. Our firm is unique in that it
includes pension attorneys, enrolled actuaries and retirement plan administrators.
By combining these disciplines under one roof, we are able to promptly resolve
the multi-disciplinary issues that may arise in connection with retirement
plan design and administration. Since our firm does not provide financial or
investment advice or sell any products in connection with the investment of
plan assets, we are able to offer conflict-free advice to our clients. We are
concerned only with designing the proper retirement plan for our clients' needs
and ensuring that the plan meets all qualified plan rules and regulations on
an ongoing basis. Of course, we can recommend professional investment advisors
to assist our clients in investing their plan assets.
The firm's third party administration department provides all retirement plan administrative services necessary for the plan to meet all governmental requirements. Our annual administration services include annual calculation of plan contribution costs, annual nondiscrimination testing (and advice as to methodologies to correct a failure of such nondiscrimination tests), processing plan loans and benefit distributions for participants, and preparation of all necessary annual filings required by IRS and Department of Labor.
We also compile and prepare annual benefit statements which detail the amount contributed (or the amount of benefit accrued) for each plan participant and an annual valuation report for use by the business owner in evaluating the investment results of the plan for each year.