A Defined Benefit Plan is a promise to pay benefits to Participants at a future date. Each participant in a Defined Benefit Plan accrues or earns a benefit determined by the Plan’s formula and the Participant’s earnings and service history. The Plan’s formula is usually based on the Participant’s average compensation and length of service. For example, the formula might be 1.5% of average monthly compensation times years of service. A Participant’s accrued benefit is expressed as a monthly amount payable as an annuity, beginning on the Participant’s Normal Retirement Date. A participant’s accrued benefits are not affected by the Plan’s investment return, since the Plan Sponsor assumes all of the investment risk. The required Employer contribution for each plan year is  determined by an actuary.
Rogers & Associates offers full service administration for Defined Benefit Plans. Our services include:
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Calculation of the Employer required minimum, maximum and required quarterly contributions
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Discrimination, Coverage and Top-Heavy Testing
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Actuarial Valuation Reports
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Individual Participant Benefit Statement
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Form 5500 including all necessary Schedules and attachments
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PBGC filings
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Accounting Disclosure Report under SFAS 87/88/132
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Individual Benefit Calculations and Estimates
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Distribution Paperwork
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Distribution Reporting, Forms 1099-R and 945
Rogers & Associates can also assist with the following:
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