(615) 726-2410

Services

What We Do

Acuff & Associates is noted for its relentless attention to detail. We serve as the bridge between the employer, the plan’s financial advisor, and the investment/recordkeeping platform. Since all retirement plans are governed by the Internal Revenue Service and the Department of Labor, this attention to detail is the critical piece of protecting the plan. Failure to meet the rules can result in serious tax consequences for the employer. Acuff & Associates happily assumes the role of “quarterback” or “compliance keeper” in offering the client seamless, efficient administration.

Our ultimate job is to make our clients’ plan meet their goals and to help make employees “retirement ready.”

Acuff & Associates is an integrated, full-service provider of services that specializes in planning and providing complete, beginning-to-end administration programs for 401(k) and other types of defined contribution plans and pension plans. These services allow clients to enjoy peace of mind through all stages of the process.

DEFINED CONTRIBUTION PLANS

401(k), 403(b), 457, PROFIT SHARING, MONEY PURCHASE

PLAN DESIGN
Making recommendations on how the plan should be structured and identifying options. Document options consist of prototype and volume submitter plan documents.

UPDATING THE PLAN
If there are business or legislative changes, your plan’s provisions must be amended and updated.

TESTING
Performing the Average Deferral Percentage (ADP) and Actual Contribution Percentage (ACP) tests, IRC 410(b) coverage testing, IRC 415 annual additions limitations, IRC 401(a)(4) non-discrimination testing, and IRC 416 top-heavy testing.

VESTING
Determination and monitoring.

MONITORING
Confirming employers’ plans follow their provisions.

CONSULTING
Helping employers adjust their plans during unusual events like mergers, acquisitions, or downsizing, or just when goals change. Annual services include a meeting to discuss the current status and future goals of your plan.

FORMS, FILINGS, AND DISCLOSURES
Preparing regular reports to government agencies and participants, including signature ready Form 5500 for “EFAST” electronic filing, Form 8955-SSA and participant disclosures.

 

CASH BALANCE PLANS

CASH BALANCE PLANS

PLAN DESIGN
Making recommendations on how the plan could be structured, identifying your options and discussing how to best fit the wants and needs of your company.

UPDATING THE PLAN
Amending and updating the plan’s provisions as business or legislative changes occur. We constantly stay abreast of current rules and regulations through continuing education to ensure your plan continues to meet your needs.

TESTING
Performing all testing required by the Internal Revenue Service and Department of Labor.

MONITORING
Confirming employers’ plans follow their provisions.

CONSULTING
Helping employers adjust their plans during unusual events like mergers, acquisitions, or downsizing, or just when goals change.  Annual services include a meeting to discuss the current status and future goals of your plan.

FORMS, FILINGS, AND DISCLOSURES
Preparing regular reports to government agencies and participants, including signature ready Form 5500 for “EFAST” electronic filing, Schedule B and participant disclosures.

ACTUARIAL SERVICES

ASC 715-60 REPORTING
The Financial Accounting Standards Board requires that corporations disclose the expenses and obligations of their post-retirement benefits other than pensions.

ASSET & LIABILITY FORECASTING
Studying the effect of asset allocations on the funding of future benefit liabilities in defined benefit pension plans.

EXPERT WITNESS & SPECIAL VALUATION SERVICES
Providing valuations of pension and other benefits for divorce proceedings and other legal matters that need actuarial calculations and expertise.

3(16) FIDUCIARY SERVICES

Choosing a Fiduciary to help you with your retirement plan is an important task. You need to consider what and who will work best for your needs and the needs of your business. Being a Fiduciary for a retirement plan is more than just filling out forms, it requires a strong knowledge of the operation of the plan, the government guidelines and the requirements that go along with it. Let us help you understand how. 

We can offer you a wide range of 3(16) Fiduciary Services.  A fiduciary is a person who owes a duty of care and trust to another and must act primarily for the benefit of the other in a particular activity. Many of the actions needed to operate a qualified retirement plan involve fiduciary decisions. Fiduciaries are in a position of trust with respect to the plan participants and beneficiaries. The responsibility to be prudent covers a wide range of functions needed to operate a plan. This is where we come in. Contact us for more information on 3(16) Fiduciary Services.