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Profesional Services


Plan Design, Installation & Implementation :

• Proposals

• If you would like MGA to complete a proposal for your company, please click the link below and download a blank census and complete with the information we need to run your numbers. When the census is completed, email a copy to with the subject line PROPOSAL for PENSION PLAN and attach the census. Feel free to email any questions about completing the census.

• Coordinate with employer and financial advisors to meet employer's objectives in plan design or restructuring.

• Provide required resolutions, notices, IRS approved plan documents (when required), Summary Plan Descriptions, IRS submissions (if required) and customized plan operational forms, and prepare required Application for Trust Identification Number.

• Structure operational interfaces with existing financial advisors and representatives.

• Advise of potential problems or compliance concerns and effects of any pending legislation

Plan Administration

• Record Keeping for 401(K), Profit Sharing, 403(B) and Defined Benefit Plans

• Determine plan eligibility

• Calculate annual plan contributions and allocate to participant accounts

• Perform all required plan compliance testing and advise of any required corrective actions to be taken.

• Annual Reconciliation of participant accounts

• Annual Calculation of participant vesting

• Annual participant Certificates of Participation

• Tax Form 5500 or 5500 EZ and all appropriate schedules

• Summary Annual Report notices

• Annual Asset Reconciliation


• Process plan loans, including calculation of maximum loan amounts, generation of related promissory notes and amortization schedules, and tracking of loan payments and balances.

• Process hardship withdrawals to insure compliance with current regulatory guidelines and monitor hardship withdrawal recipients for future contribution restrictions.

• Calculate, certify and process benefit payments.

Plan Correction and Compliance

• Document maintenance

• Amendments

• IRS mandated restatement

• Audit representation and information gathering

• Delinquent Filer Voluntary Corrections Program

• Amended 5500s and prior year corrective plan administration

• Asset Transfers

• Asset allocation and conversion files