ADS provides full Defined Contribution recordkeeping and administration services that utilize the most recent technologies available in the retirement plan market. Our goal is to provide the most accurate, efficient and timely services for your retirement plan. To accomplish this goal, ADS has partnered with Charles Schwab and the Schwab RT recordkeeping system to bring you and your employees the best possible Defined Contribution services.
Plan Administration Services
• Plan document preparation including; plan amendments, summary plan description, summary material modification, loan and fee policies
• Plan design consultation
• Monitor regulatory and legislative developments
Compliance and Government Reporting Services
• Annual required compliance testing including; ADP/ACP, 415 Annual Additions, Minimum Coverage and Participation Testing, Annual Deduction Limit and Top Heavy Testing
• Signature ready IRS Form 5500 with related schedules and the Summary Annual Report
• Audit package preparation for large plan audits
• SAS70 Audit report
Recordkeeping Services
• Daily account valuations
• Transaction processing: contributions, distributions, loans, transfers, etc.
• Electronic trading link with trading partners
• Open-architecture investment trading platform supporting hundreds of mutual fund families
• Individual brokerage account options
• Electronic check requests and 1099-R reporting
Participant Services - Web, Voice Response and Customer Service
• 24-hour Internet and phone access to account information
• Account balance inquiry and projections
• Loan modeling and hardship information
• Fund transfers, realignment and investment election processing
• Automatic portfolio rebalancing
• Customer Service Representatives available 8:00am – 6:00pm ET
• Quarterly participant statements mailed to their home address
• MasteryPOINT GuidancePlus education and investment guidance