Why PACE as your 3(16) administrator?
A 3(16) Designated Plan Administrator will allow you to outsource various daily administrative functions related to the plan thus freeing yourself to focus more closely on your business. It’s a cost-effective way of ensuring that your plan administration is done correctly while saving time, saving money and reducing your liability and risk of an IRS audit and/or penalties.
What We Offer
Plan Documentation
The legal plan document and supporting plan amendments
Participant Eligibility
We maintain records tracking all eligibility, enrollment/elections
Reporting & Disclosures
Timely filing of your Form 5500 is important to avoid late filing penalties
Nondiscrimination & Coverage Testing
Nondiscrimination and coverage testing is required by all plans
Distributions, Loans & RMD’s
PACE will timely review and request all proper information to confirm a participant’s eligibility
QDRO
A Qualified Domestic Relations Order (QDRO) is often a sensitive topic
About PACE
PACE is a full-service provider of 3(16) Fiduciary Services for qualified retirement plans. With over 40 years of industry experience we work directly with your current providers to reduce your burden and ensure that your retirement plan is running properly along the way.
Let us take care of your retirement plan goals for you.
