Retirement Plan Administration

Galusha, Higgins & Galusha is a qualified retirement plan administrator with the professional staff and the advanced technology to meet your objectives and stay within budget. We’ll work closely with you to define your goals and then translate them into an appropriate retirement program. If you already have a plan, we’ll perform a complete evaluation and provide recommendations to make it operate more efficiently.

Once your plan is in place, we’ll use our specialized record-keeping systems and thorough understanding of the complexities of pension legislation to keep it running smoothly. You can rely on our expertise and technical capability to ensure plan administration and reporting that are timely and accurate.

Our plan administration:

• Determines eligibility, sets entry dates, and calculates vesting
• Maintains accumulated employee contributions, distributions, and forfeitures
• Calculates and allocates contributions, forfeitures, gains/losses, and distributions
• Determines top-heavy status, key employees, and highly compensated employees
• Maintains employee and employer receivables
• Handles employee-directed or global investment elections
• Sets multiple compensation definitions
• Performs 702 identification and minimum distribution calculations and notices
• Performs ADP/ACP (Average Deferred Percentage / Average Contribution Percentage) testing, including projections
• Suggests dollar and percentage adjustments if plan fails ADP/ACP test (“leveling method”)
• Age-weighted and new comparability tests

Whatever your particular retirement planning requirements may be, we will provide full-service solutions to meet your needs. And we’ll stand by you every step of the way.