Defined Benefit Plans

IAI specializes in the design and administration of defined benefit plans.  Included in our annual administrative services are: preparation of an actuarial valuation for the plan, including certification by an Enrolled Actuary, calculation of the maximum deductible contribution (when applicable) and the minimum funding contribution to the plan, and preparation of the Summary Annual Report for distribution to participants.  The actuary that administers your plan will also prepare the 5500 series forms for Internal Revenue Service and Department of Labor compliance and the benefit statements for distribution to each participant which indicates his or her status in the plan.   IAI maintains complete computer records to accurately reflect the cumulative status of each participant in the plan.  Trust accounting and preparation of reports to Pension Benefit Guaranty Corporation (PBGC Form 1) are also provided if required. If requested by an auditor, IAI will also prepare reports and calculations required to comply with Financial Accounting Standards Board Statements 87 and 88.

Learn more about defined benefit plans and what they can do for you.

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