meeting

Services

I. E. Shaffer & Co. provides administrative and consulting services that fall within the following functional categories:

Plan Management and Consulting

  • - Plan design and implementation
  • - Provide, staff and equip the Plan Office
  • - Maintain all plan bank and investment accounts
  • - Plan and attend Trustee/Plan Sponsor meetings
  • - Fiduciary insurance and fidelity bonding
  • - Toll-free telephone service for plan participants

Contribution Processing and Recordkeeping

  • - Receive and audit contributions and reporting forms
  • - Track, report and pursue delinquent contributions
  • - Maintain detailed record of employer and employee contribution history
  • - Determine employee eligibility for plan benefits
  • - Provide periodic employee statements of accumulated plan benefits
  • - COBRA and HIPAA compliance administration
  • - Daily valuation of participant directed investments
  • - Extensive reporting capabilities

 

office visit

Health Plan Benefit Processing and Payment

  • - Process and pay all claims under self-funded or insured plans
  • - Medical, dental, vision, temporary disability, prescription and life insurance benefits
  • - Relationships with local and national PPO's with internal repricing
  • - Member assistance programs
  • - State of the art claim processing system - EDI capable
  • - Relationships with several utilization review organizations
  • - Extensive reporting capabilities

 

retirement

Retirement Plan Benefit Processing and Payment

  • - Payment of retirement, disability, death, separation and hardship benefits
  • - Calculation of all available forms of payment
  • - Retirement counseling and informational seminars for Section 404(c) compliance
  • - Electronic direct deposit arrangements, tax withholding and tax forms
  • - Participant loan administration
  • - Discrimination testing
  • - Weekly death checks of benefit recipients in pay status
  • - Qualified Domestic Relations Orders

Accounting, Reporting and Disclosure

  • - Maintain plan financial records with periodic financial statements
  • - Computerized bank reconciliation, general ledger and trial balance
  • - Preparation and filing of Form 5500, Form 990, Form PBGC-1
  • - Distribution of Summary Plan Descriptions, Annual Funding Notices and Summary
    Annual Reports