To maintain the continued qualification of your 401(k), profit sharing and/or money purchase plan(s), RKS provides the following services:
In addition to annual testing RKS keeps you informed of your requirements with regard to:
Over our 35 year history we have established strong working relationships with the following 401(k) investment and information management service providers: including but not limited to John Hancock, ING, Ascensus, ADP, Wells Fargo, American Funds, Transamerica, Principal Financial Group and Hartford.
RKS will verify distribution paperwork required by your investment advisor prior to submission.
RKS will keep you aware of who is eligible for minimum required distributions at age 70-1/2 and, depending on the terms of your Plan who may be eligible for in-service distributions. All forms and notices needed to provide participants with information regarding these distribution rights and requirements will be available to you, if not provided by your investment manager.
END OF YEAR FORMS 1099-R
All distributions paid from your must be reported at the end of each calendar year of Form 1099-R. RKS will prepare these required Forms, file them electronically with the IRS and mail participant copies directly if this service is not already provided by your 401(k) investment manager.