Administration
Services
Westcoast
Actuaries Inc. provides customized
administration solutions to a broad range of retirement saving and
retirement income plans.
Administration Services for
Retirement Income Plans
-
Plan administration may include but not limited to:
-
Record-keeping
-
Account allocation and balance tracking
-
Enrollment
-
Prepare annual employer and employee statements
-
Reconcile plan financial activities and membership
-
Process termination, retirement, pre & post-retirement
death and disability benefits
-
Perform benefit calculations
-
Prepare statement and/or election form required by pension
legislation as well as other required forms such as Locking-In
Agreement, transfer form and direct deposit form
-
Prepare authorization of payment to custodian
-
Prepare benefit estimates
-
Handle inquiries from members or their representatives
-
Handle all aspects of tax reporting
-
Prepare and file annual information return or pension trust return
-
Perform plan audit on benefit payments
We offer customized third-party administration
services either on a fee-for-service basis or on a fixed annual or
per- member charge basis payable quarterly or monthly. Amounts depend
on member category and complexity of plan. Services are also available
for implementation of turn-key administration systems and training
of client’s internal administration staff.
|
|
