The ABA, Inc. Difference

Why Choose ABA, Inc.?

With many well qualified Plan Administration firms to select from, selecting a Third Party Administrator (TPA) requires careful consideration.  In doing so, you are generally establishing a long term relationship.   

Below are the numerous reasons why ABA, Inc. would be the wisest choice for your business: 

• ABA, Inc. is celebrating its 15th year of outstanding service. 

• Our staff has proven experience with over 75 combined years in Plan Administration.

• Our president/CEO has taught benefit administration and software use to businesses and Plan Administration organizations across the country.

• We can establish and service every type of qualified retirement plan available.

• ABA, Inc. is small, personal and can provide the face-to-face interaction with clients that larger firms just cannot do.  

• Our pricing is very competitive.

In essence, ABA, Inc. offers proven experience in retirement services, managed by a sound, dependable business organization.

Benefit Plan Services

We provide services for all available retirement and benefit plans including administration, trust accounting, recordkeeping and government compliance requirements.  Our services include:

• Plan Analysis and Design

• Plan Installation or Takeover

• New Plan Documents, Amendments or Restatements

• Plan Administration

• Trust Fund Services and Accounting

• Participant Distributions

• Plan Termination

• Consulting Services

• Discrimination Testing

ABA, Inc. also provides an annual newsletter to keep clients up to date on legislative and administrative issues. 

Administrative Operations

 Plan Administration consists of a myriad of functions.  The Benefits Consultants at ABA, Inc. manage each of these functions on a day-to-day basis in order to maintain each of our client’s retirement plans:

• Conduct annual employer and/or employee meeting to explain the Plan and Participant Reports.
   

• Determine eligibility for participation, benefits, contributions, forfeitures, top-heavy status, crediting of investment gains or losses, vesting and plan coverage. 
   

• Prepare Annual Statements for participants showing benefits, allocation of contributions, forfeitures and gains or losses to their accounts. 
   

• Maintain records of all employees including those eligible or not eligible to participate in the Plan with respect to breaks in service, hours worked, date of birth, date of hire, marital status, beneficiary designation, and survivorship benefit obligation.
   

• Test plan annually or semi-annually to ensure compliance for minimum participation requirements, Average Deferral Percentage/Average Contribution Percentage (“ADP/ACP”), compensation limits, deferral limits, deductibility limits, discrimination and coverage requirements, allocation limits and top-heavy requirements.
   

• Calculate and prepare statements of benefits for participants who terminate by reason of death, disability, retirement or termination of employment. 
   

• Prepare all required Internal Revenue Service and Department of Labor Forms and Schedules. 
   

• Prepare Summary Annual Reports and Employee Notices.
   

• Provide assistance to the Employer (or Administrative Committee) in establishing administrative procedures and develop the necessary forms and systems to complete such procedures.
   

• Continually monitor the Plan with respect to changes in the law.  Advise the Employer and her attorney on any changes which are required.
   

• Coordinate the duties of the Trustees, Plan Administrator, Accountant, Attorney and other advisors to keep the operations of the Plan running smoothly.
   

• Calculate liquidity requirements for trust funds to assure terminating Participants’ cash needs can be met.
   

• Calculate participant vesting and amounts to be distributed to terminating employees.
   

• Administer participant loan program.
   

ABA, Inc. can provide the full range of services as outlined above, or any individual components.

401(k)
Profit Sharing
Money Purchase
SIMPLE
Defined Benefit Cafeteria Plan
Welfare Benefit
Target Benefit
ESOP
125 Cafeteria Plan

Top of Page ·  Home
 

209 West Anapamu Street · Santa Barbara, CA  ·   93101-3604 ·  Tel: (805) 568-1710 · Fax: (805) 568-1709