We process all participant transactions with precision, including loans, hardship withdrawals, in-service distributions, terminations, and required minimum distributions (RMDs). Our approach is designed to maintain compliance with plan provisions and IRS regulations while ensuring participants receive timely, accurate payouts.
Our trust accounting process involves reconciling custodial records against the plan’s ledger to ensure every transaction, fee, and investment movement is accounted for. By identifying and resolving discrepancies early, we protect the plan’s integrity and minimize follow-up work for our clients.
We prepare reconciliation reports that are clear, well-structured, and audit-ready. This not only supports year-end compliance requirements but also allows plan sponsors and auditors to quickly understand the plan’s financial position without lengthy back-and-forth communication.
Our team manages direct communication with custodians and recordkeepers to resolve transaction issues, confirm balances, and clarify data discrepancies. This proactive approach saves our clients significant time and allows them to focus on client-facing service rather than operational troubleshooting.