An Extension of Your HR Department

Look to ABG MI to be an extension of your HR department. We will oversee these vital functions!

  • Best practice review
  • Annual plan design review
  • Year End data request – “review and submit”
  • Plan audit support
  • Direct mail of Participant Disclosure/Notice Package (fee disclosure, required notices, SAR)
  • Direct mail of Fund Change Notice
  • Eligibility tracking and notification (Welcome Package, fee disclosure, required notices, SPD)
  • Hardship determination
  • QDRO determination
  • Robust loan administration (notify of last payment amount and loan defaults)
  • Monitor timeliness of contributions (track payroll dates, payroll data and deposits)
  • Monitor timeliness of 5500 reporting
  • Monitor timeliness of distribution approval
  • Monitor timeliness of plan document/amendment adoption date
  • Automatic Enrollment/Auto Increase Administration
  • Plan document update
  • Plan management report
  • Plan stats (deferral rates, participation rates)
  • Quality of participant investing
  • Web and phone usage
  • Recommendations
  • Plan sponsor “Lock Box”

“We support your HR team, so you can focus on your business, not your retirement plan.”