We have developed highly efficient systems which provide both accurate and timely reporting for your retirement plan.

Daily Transaction Processing

The plan sponsor gathers the plan's transactions and submits them to NERT (National Employers Retirement trust) for processing. these items include contributions, loan repayments, benefit payment requests, investment allocation changes, participant enrollments, etc.

After each deposit, the plan sponsor is provided with a comprehensive confirmation statement outlining the transactions just completed. Participant

Participant Reporting Services

Each participant is provided with a detailed statement to allow monitoring of contributions and investment results. The plan sponsor is provided with a comprehensive valuation outlining all plan activity for the period.

Annual Services

Form 1099-R tax reports fro participant distributions are prepared on an annual basis and are forwarded to the plan sponsor prior to the IRS deadlines. We will also prepare the annual Form 5500 and related attachments for your plan. If your plan requires actuarial certification or FASB 87 reporting for your auditors, we also provide that service.

Thomas F. Barrett, Inc. gives the plan sponsor direct access to well-trained pension administrators who are familiar with the operation of your plan and can answer specific questions regarding recordkeeping, reporting and day-to-day plan administration issues.