Welcome To The Plan Year End Tutorial Page
Thank you for choosing Leading Retirement Solutions as your retirement plan provider! We want to help ensure that you are prepared for the upcoming plan year end activities for your retirement plan. At the end of each plan year, there are several activities required to keep your plan active and compliant with IRS and DOL compliance and filing requirements.
Activities required to keep your plan active and compliant with IRS and DOL compliance and filing requirements include:
- Collecting essential company & retirement plan info.
- Conducting annual non-discrimination testing & required financial reporting.
- Preparing and filing the IRS-required tax forms.
- Producing year-end administration and compliance records.
In This Video You Will Learn–
- Notifications for Year End Required Steps.
- Accessing your Year End Required Steps through the portal.
- Census and Annual Consolidated Payroll step.
- Plan Year End Summary step and the data being requested.
- Submitting the data that you assembled for each step.
Timestamps For Your Convenience–
0:00– LRS Plan Year End Tutorial
0:12– Included In This Video
1:10– Accessing your Year-End Required Steps
2:05– Census Steps and Reminders
4:44– Census – Annual Consolidated Payroll Report
5:55– Census – Manual Data Entry Service
6:25– LRS Annual Census Automation Service
7:41– Plan Year End Summary Step
8:18– Plan Year End Summary – Verify Sponsor & Plan Info
11:49– Plan Year End Summary – Trust Statements
13:00– Plan Year End Summary – Report Plan Year Activities
13:24– Plan Year End Summary – Prepare Government Filing(s)
14:17– Submission to LRS
14:59– Contact Us
**For a PDF version of the content within this video**
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