We are opening an office in Colorado in the Denver Technological Center soon!
G.M. Pensions was established in 1993 to provide professional services to qualified plan sponsors. G.M. Pensions is a non-producing third party administration firm that does not sell investment products or services of any kind. We work with you and your financial advisor to better coordinate
retirement plan services
We help plan sponsors design and draft plan documents, preparing required annual reports
Internal Revenue Service
form 5500 and related
. Processing participant loans, distributions, nondiscrimination testing, and contribution calculations. Just to name a few services we can provide.
G.M. Pensions can help plan sponsors when mistakes happen. Under the Employee
Security Act, jurisdiction over employee benefit plans are divided among the Internal Revenue Service, the Department of Labor, and the Pension Benefit Guaranty Corporation.
The Internal Revenue Service primarily looks at participation, vesting and funding issues.
The Department of Labor primarily looks at fiduciary responsibility and prohibited transactions.
The Pension Benefit Guaranty Corporation insures a minimum guaranteed benefit under certain pension plans.
Retirement plan administration is complicated. Unfortunately, mistakes happen routinely in the administration of retirement plans. We can help plan sponsors self-correct certain administrative violations as recommended by the Department of Labor through their voluntary correction programs. We will review your procedures to help you find and prevent future mistakes in administering your plan.