Pension Plan Administration

By the nature of its business, the pension plan administration is time and people intensive. The seasonality of certain critical processes, such as Form 5500 and Compliance Testing, poses immense challenge to TPAs and Plan Providers.

Congruent Solutions helps TPAs and Plan Providers not only manage the resources for seasonal work but also provide cost savings of upto 30-50%.

Congruent Solutions is ISO 9001:2000 certified for Pension Plan Administration (401k) services. Its delivery centre based in Chennai, India, offers a secure and robust infrastructure.

Congruent has experience in handling processes in both Defined Contribution and Defined Benefits space.

What we offer?

With its delivery centre in Chennai, India, we offer a comprehensive service portfolio and handle almost the entire set of processes:

Defined Contribution	Defined Benefits
Census Data Management Processing Payroll Contribution Distribution Rollover Loan QDRO Compliance/Non-Discrimination Testing Form 5500 Reporting Trust Accounting & Reconciliation	Census Data Management Employee Benefit Calculations Actuarial Valuation Services PBGC premium calculations Termination Calculation and Packages Summary Annual Report Beneficiary Designation Forms Forms 5500 and PBGC forms and Schedules Preparation of Form 1099R and 945