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Plan Administration

Ensuring that your plan remains compliant

With other providers, sponsoring a retirement plan can be a burden. We make sure providing a secure future for you and your employees is as easy as possible! LRS performs all retirement plan administration tasks, including interacting  directly with the plan sponsor’s employees, to ensure all Retirement Plan administration is performed thoroughly and timely.

Our retirement plan administration service includes the following employer tools and employee disclosures:

  • Plan selection and election services
  • Employer calendar containing deadlines for plan activities
  • Employee enrollment and participant account set-up
  • Plan amendments
  • Summary of material modifications
  • Assisting fiduciaries with plan investment options
  • Updated summary plan descriptions
  • Participant account statements
  • Distribution disclosures
  • Loan administration
  • Employer deferral notices
  • Matching of employee contributions
  • Collecting and providing investment materials and fees
  • Establish administrative accounts and participant accounts as needed
  • Document management system design for proper in-house Retirement Plan administration
  • Plan asset rollover services (in/out)
  • Contributions limit disclosure
  • Bond set-up
  • Special services required by plan elections
  • And More!



Laws change frequently and plans need to be amended to comply with the most recent requirements. We'll make sure your plan is current by keeping ourselves up to date on all IRS and Government changes.


A plan using a custom document must generally be restated every 5 years based on the company's federal ID. We'll make sure your plan stays compliant by taking care of the work and updating you with the results.


Despite everyone's best efforts, mistakes can happen. If they do, LRS can help you correct the problem and retain the benefits of your qualified plan, before the IRS or other agencies get involved.

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The SECURE Act Allows For Easier ROBS Maintenance

The SECURE Act greatly enhances the ability for small and medium-sized employers to maintain retirement programs for their employees with the creation of a new retirement vehicle called a Pooled Employer Plan. Reduce expenses, simplify decision-making, and decrease the amount of time and effort you devote to maintaining your ROBS plan by adopting a pooled employer plan through Leading Plan Solutions™!



Is your process taking too much time? Are your payroll contribution files difficult to work with? Do you need help processing payroll contributions for your retirement plan? We provide enhanced and customized payroll services to reduce the time and effort you put into processing payroll contributions each pay period. Saving companies an average of 30 hours per year!

Premium Contribution Support

Payroll contribution processing working directly with your payroll provider or vendor! We handle everything needed from retrieving payroll contribution reports, to payroll/contribution data entry, to pulling contributions from your designated account. We even run compliance reviews of your consolidated payroll report vs your retirement plan employee census.

Large Payroll Relief         

Payroll contribution processing from additional accounts, companies, units, or departments! Our base services process up to 26 payrolls from a single bank account. If you process payroll more frequently (e.g. weekly) or you process payroll for more than 1 entity, unit, or, division you will need to secure our Large Payroll Relief services.

Enhanced Calculations   

If your payroll solution is not able to calculate company matching contributions each pay period, we can handle it! We’ll log into your payroll solution, download and retrieve payroll contribution reports, enter payroll and contribution information into contribution processing systems, pull contributions from your designated account, and do compliance reviews of your consolidated payroll report.

Just the Basics                 

If your payroll solution only provides payroll and contribution information in a locked PDF or similar format that makes it difficult to submit contribution information, we can set up customized payroll contribution files required for necessary data upload  into our systems.

Even with the best intentions, fiduciary and operational violations can occur with a company sponsored retirement plan. Let LRS take the stress out of compliance to changing regulations by doing it for you

LRS’s compliance programs are designed to ensure that plan fiduciaries comply with their obligations, protect plan assets, and minimize personal and financial liability wherever possible.

What we can do for you

  • 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 
  • Fiduciary fee evaluation services
  • Prohibited transaction and other fiduciary violation corrections
  • 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
  • Disaster Recovery Service for documents and legacy records
  • Any other necessary compliance activities required by a particular plan

We will also prepare and coordinate the submission of the plan to correction programs including: the Internal Revenue Service’s self-correction program (SCP), voluntary correction program (VCP), audit closing agreement program (Audit CAP), the U.S. Department of Labor’s delinquent filer voluntary correction program (DFVCP) and voluntary fiduciary correction program (VFCP)

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



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