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Consulting & Correction Services

Delivering expertise that ensures compliance

LRS understands that employers are doing their best to ensure compliance with all governing laws. However, most employers do not know or understand the laws for which they are required to comply, and consequently they may violate the law. 

LRS provides a variety of Retirement Plan compliance services including: plan audit and correction services, 415 compensation testing, 416 top-heavy and ACP/ADP testing avoidance, 410(b) discrimination testing, 404 maximum deductions, employer contributions and any other necessary compliance activities required by a particular plan. 

LRS’s compliance programs are designed to ensure that plan fiduciaries comply with their obligations, protect plans assets, and minimize personal and financial liability wherever possible. We can help you evaluate your plan on an ongoing basis, including: 

  • Fiduciary fee evaluation services
  • Prohibited transaction and other fiduciary violation corrections
  • Preparation, coordination and submission of the plan to correction programs including: the Internal Revenue Service’s self-correction program (SCP), voluntary correction program (VCP) and audit closing agreement program (Audit CAP), and the U.S. Department of Labor’s delinquent filer voluntary correction program (DFVCP) and voluntary fiduciary correction program (VFCP)
  • Reasonable cause letters for delinquent filers
  • Evaluation of plan mergers in compliance with the growing governing law and fiduciary prudence standards
  • Support for hard to value plan assets – qualified employer securities and qualified employer real property

LRS also provides a Disaster Recovery Service, as a complimentary service, so you have back-up documents and legacy records in the event a disaster destroys all or part of your information. This is a great service because it provides employers with the confidence and assurance that their information is always protected and available even in the event of a disaster.

Let us design a plan to meet your company's goals

206.430.5084  |  800.974.2814


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