Plan Administrator Guide

Your qualified retirement plan combines current employer tax savings with retirement security for participants. Congress specifically provided for this favorable treatment in the Internal Revenue Code. However, in order for your plan to obtain and keep its qualified status, the sponsoring Employer must perform certain duties. Failure to do so can result in plan disqualification and/or substantial penalties imposed by the Internal Revenue Service (IRS) or the Department of Labor (DOL).

This guide is intended to assist you, the Plan Administrator, in complying with the rules governing plan administration.

This guide is only a reference. It is not to be construed as offering legal or actuarial advice. It is intended to help you maintain proper records and perform other duties that will enable the completion of the various forms referred to in this guide on a timely basis. Qualified Pension Services, Inc. (QPS) assists with duties noted in the following guide, and helps to protect the tax deferred nature of the trust with thorough procedures and expertise in governmental compliance. QPS exists to efficiently maintain your retirement plan and provide assistance in the fulfillment of your duties as the Plan Administrator.

Please Note: QPS is never the Plan Administrator or Trustee for its clients’ plans. QPS acts as a Third Party Administrator (TPA) and has no discretionary authority or control over any of its clients’ plans. QPS does NOT act in a fiduciary capacity with respect to any of its clients’ plans.

Download the PDF document »