Benefit Plans & Administration

Your employees deserve great benefits, but setting up and administering employee benefit plans can be a hassle. Whether a 401k or profit sharing, we’ll help you plan and administer your employee benefits plan and, more importantly, make sure it fits your long-term strategic business goals. We also offer cafeteria plans, including flexible spending accounts and premium-only plans.

Our services for employee benefit plan design and implementation include:

  • Consulting on benefit plan design
  • Plan and trust document preparation
  • Summary Plan Description
  • Preparation of DOL and IRS forms
  • Employee communications
  • Training and administrator’s guide
  • Employee forms
  • Amendments
  • Compliance

Annual employee benefit plan administration includes:

  • Compliance testing
  • Trust reporting and accounting
  • Participant accounting and reporting
  • IRS and participant reporting
  • Presentation to employees and investment committees

As a certified public accounting firm, we provide services independent of any affiliation with investment, trust or insurance companies.

Take a look at our Fiduciary checklist for plan sponsors

Shannon & Associates is committed to your success.

CPAs and management consultants focused on helping you grow your business.