ePlan Services has used the same intuitive technology-driven design to create a new method of collecting, processing and reporting information for annual compliance testing. Dubbed the “Annual Plan Review,” this straightforward interface takes paper-based data collection and moves it to the web.
This unique application enables the plan sponsor and/or TPA, to input, store and update key statistical data, including:
- Eligible Compensation & Hours
- Historical Deferral & Contribution Figures
- Company Ownership Information
- Family Attribution Data
- Highly Compensated & Key Employees
Thereafter, the ePlan Services platform streamlines annual compliance testing and Form 5500 preparation, to create an unparalleled value for you and your clients.
ANNUAL COMPLIANCE TESTING
Once all the requisite information has been reviewed and/or updated in the Annual Plan Review, the TPA and plan sponsor can see real-time compliance testing results through their respective web interfaces. If you, or your client, want to review alternative testing scenarios, the compliance tests can be re-run immediately to see alternative results.