Retirement Plan Compliance | Blue Ridge Associates

Managing a Retirement Plan Has Never Been Easier

At Blue Ridge, we understand that managing a retirement plan can be complex and time consuming. Ensuring compliance while maintaining a plan that meets your company’s needs requires specialized expertise. That’s where we come in. As your dedicated partner for plan compliance, we handle the intricate details of your retirement plan, allowing you to focus on what you do best—running your business.

Our Retirement Plan Compliance Services

Our goal is to provide you with a seamless and compliant retirement plan experience. Partnering with Blue Ridge means you gain a team of experts committed to managing every aspect of your retirement plan with precision and care. Here’s what we offer:

Comprehensive Non-Discrimination Testing

Ensuring your plan meets all regulatory requirements is crucial for maintaining its tax-advantaged status. Our team performs thorough non-discrimination testing to confirm that your retirement plan benefits a broad cross-section of employees. This process helps optimize your plan for compliance and aligns it with your business goals, ensuring adherence to IRS regulations.

Accurate Plan Reconciliation

We meticulously compare payroll and investment company reports to verify that your plan records are accurate and consistent. Our detailed reconciliation process ensures that all contributions and transactions are correctly recorded, identifying discrepancies and maintaining the integrity of your retirement plan.

Expert Governmental Reporting

Navigating governmental reporting requirements can be daunting. Blue Ridge prepares and submits all necessary reports to the IRS and Department of Labor (DOL), including annual filings and other required documents. Our reports are signature-ready, ensuring that your submissions are timely and compliant.

Efficient Distribution & Loan Processing

Managing participant transactions requires precision and efficiency. Our team handles the processing of various participant transactions, including loans, separation distributions, hardship distributions, in-service withdrawals, and qualified domestic relations order (QDRO) distributions. We ensure that all transactions are processed accurately and in compliance with plan provisions.

Custom Document Preparation

We handle the preparation of all plan documentation, including required and discretionary amendments. Our team drafts customized plan documents and provides easy access to current documents, summary plan descriptions, and required notices. This ensures that your plan documentation is always up-to-date and readily accessible.

Thorough Eligibility Determination Review

Our annual testing and reporting services include a review of employee eligibility status. We ensure that eligibility determinations are in accordance with the provisions outlined in your plan document, helping you avoid compliance issues and ensuring that your plan operates smoothly.

Reliable Audit Support

Preparing for an IRS or DOL audit can be stressful. Our team supports you through the audit process, helping you gather necessary documentation and prepare for questions from auditors. Our expertise ensures that you are well-prepared and that any issues are addressed promptly.

Proactive Plan Correction Services

Mistakes can happen, but swift correction is key. Blue Ridge assists you in identifying and rectifying plan errors, providing guidance on the best approach to correct issues and maintain compliance. Our experience ensures that errors are managed effectively and with minimal disruption.

Rely on the Blue Ridge 401(k) & Pension Team for Your Plan Compliance Needs

Retirement plan compliance involves navigating a maze of regulations and options. At Blue Ridge, we simplify this complexity by bringing our deep understanding to every interaction with your team. We are dedicated to being a responsive partner, offering actionable solutions and support for any issues that arise.

Expertise and Precision: Our team of seasoned professionals ensures that every detail of your plan administration is handled with expertise and accuracy.
Customized Solutions: We tailor our services to meet the specific needs of your organization, ensuring that your retirement plan is perfectly aligned with your business goals.
Ongoing Support: We provide continuous support and proactive management, adapting to changes in your business and plan requirements.

Professionals hold a conference call about retirement plans

Advisor Collaboration is Our Key to Success

We provide professional retirement plan consulting solutions to financial advisors of all specialties and levels of expertise. We believe that to provide the best possible experience for our clients, we need our services to complement and enhance the work of financial advisors. We are dedicated to being a valuable partner on your retirement plan team.

Learn More

“We’ve been working with Blue Ridge for 15 years and have always been served well with our 401(k) plan. The teams are very responsive and a joy to work with. I would highly recommend them!”

Tony Sorensen

CEO, Versique

Partner with Us for Your Retirement Plan

Contact us today to discover how Blue Ridge can assist with your retirement plan compliance needs. Let us take the complexities out of managing your plan, so you can focus on achieving your business objectives while providing a valuable benefit to your employees. With Blue Ridge, you’re not just choosing a service provider—you’re partnering with a trusted consultant committed to your success.

Request a Proposal