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Pension Administration
Leong & Associates provides third party administration for defined benefit pension plans and defined contribution pension plans.
Some of the pension administration services we provide include:
- enrolment
- maintaining individual employee records
- calculation of benefits payable upon death, termination of employment, retirement, and marriage breakdown
- authorization of payments and transfers from the plan
- preparation of annual statements for employees
- tax reporting such as pension adjustments, pension adjustment reversals, annual information returns, etc.
- annual administration reports on plan activities
- ensuring that the requirements of the plan and regulatory bodies are satisfied
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