Daily Valuation Accounting & Services

McCready and Keene's Consulting staff can assist you before, during and after the determination of what's suitable for your company. Before making a recommendation we'll listen carefully to learn all we can about where your company is today, where you'd like to be in the future and what you would like to provide for your employees. During formulation of recommendations your primary Consultant will work closely with the team that has been assigned to your account. This team includes an Attorney or Paralegal who will oversee compliance, an Allocator, and a Conversion Specialist, as well as Consulting Associates, Consulting Assistants and Administrative Assistants. Utilizing their combined knowledge and experience, the team will offer recommendations that address your key concerns, as well as issues you may not have considered. To help us in determining the best plan for your company we can undertake studies that allow us to consider issues such as:

• How much of a match of employee contributions should or could you make?
• Should you have a "Safe Harbor" plan?
• How much of your profits should you share?
• Do you need a mid-year ADP test?

After you make a decision about your Defined Contribution Plan, your team will be available to handle the day-to-day issues of your plan's administration, make sure you get the reports you need, when you need them, as well as make you aware of new opportunities as they come up.

The McCready and Keene team that designs your plan is the same team that will manage the administration of your plan. That administration experience means they understand the practical impact of their design, as well as the compliance and financial implications. The design team includes top compliance talent who will make sure your plan is designed to help you avoid audits by the IRS and/or the Department of Labor.

With our large in-house compliance staff, McCready and Keene is capable of assisting you with the drafting of your individually-designed Plan Documents (with your attorney's review) and submitting them to the IRS. If you prefer, you may retain outside counsel to perform these services. Our in-house compliance staff work on nothing but retirement plans, so they are extremely knowledgeable about and keep current on them.

As a plan sponsor, you have a fiduciary obligation to inform and educate your employees about their retirement plan options. Unfortunately, a limited staff and a limited budget can make it difficult for you to provide the level of employee communication you would like. Turn to McCready and Keene to help with employee meetings. We can provide easy-to-understand PowerPoint presentations, as well as informative written materials about plan highlights and benefit statements. Not only can we help you explain the plan, but we can help your employees to better understand the value of the benefit you are providing, thus strengthening their loyalty to your organization.

Adjusting retirement plans to accommodate mergers, acquisitions and spin-offs can be complicated. McCready and Keene's consultants and attorneys are very experienced with the testing, documentation and other issues associated with handling of retirement plans during ownership changes. Call on us to assist you in doing the right thing, at the right time to assure a smooth transition.

McCready and Keene offers daily accounting record keeping for all types of Defined Contribution plans, including Money Purchase, Profit Sharing, 401(k), and 403(b) plans. Assets for these plans are valued and traded daily, in full and fractional shares. Our full service record keeping includes preparation of benefits, completion of transfers among investment choices, and contribution splits. Options include calculation of employer match, calculation of employer profit sharing or money purchase contributions (integrated or non-integrated), completion of all aspects of compliance testing, completion of Form 5500, assistance with loan procedures and more. To see why clients prefer McCready and Keene statements, click here.

Access to records is available 24 hours per day, seven days per week via the Internet or a toll-free telephone number. For a demonstration of these services, use a User ID of 123456789 and a PIN of 12345. Click here for an online demonstration or call toll-free (800) 442-4015 for a phone demonstration. MCAK also offers toll free access to live customer service representatives between the hours of 8 AM - 8 PM ET Monday through Friday.

With more than 80 years of experience with qualified retirement plans and our large staff of compliance experts, it's hardly surprising that McCready and Keene has gained a national reputation as a leader in compliance testing. We're unwavering in our efforts to keep clients in full compliance with all applicable IRS and ERISA (Department of Labor) rules and regulations so that plans don't lose their favored tax status. The list of compliance services we offer is comprehensive and includes:

• Determination of Highly Compensated Employees
• Determination of Key Employees
• ADP and ACP Testing
• Code Section 410(b) Coverage Testing
• Code Section 402(g) Deferral Limit Monitoring
• Code Section 403(b) Maximum Exclusion Allowance Testing
• Code Section 415 Maximum Annual Addition Testing
• Code Section 404 Maximum Deduction Assistance
• Code Section 457 Deferral Limit Monitoring
• Code Section 414(s) Compensation Testing
• 70-1/2 Minimum Distribution Calculations
• ESOP Diversification Calculations
• Form 5500 including Schedules and SAR
• 1099-R preparation
• Average Benefits Testing
• General Testing
• Top-Heavy Testing
• Cross-Testing
• New Comparability Testing
• Other Non-Discrimination Testing
• Document Requirements including Plan Document, restatements, amendments, resolutions, minutes, SPDs, SMMs, submission, 204(h) Notices, and other notices as needed to comply with IRS and ERISA rules
• Excise Tax Assistance including calculation and Forms completion
• Distribution Paperwork, including Joint and Survivor Notices and the Special Tax Notice
• Plan Termination, Calculation and Consulting services for Defined Contribution Plans.

One of the key requirements of keeping your plan in compliance with federal rules and regulations is the filing of a Form 5500 and its many schedules. The penalties for non-filing of Form 5500 are severe, so McCready and Keene maintains a proprietary tracking system that ensures your forms are completed on time. If required information is not available to meet the filing deadline, we can file an extension, enabling you to avoid any penalties. As part of our 5500 services we will prepare a Summary Annual Report (SAR) for your participants.

Our clients find that our ability to work seamlessly with their other advisors, including their CPAs, attorneys and financial advisors, means they save time and money, plus they avoid potential mistakes that can bring unwanted attention from the IRS or the Department of Labor.