Pension Financial Services, Inc.
FIRM INFORMATION 3700 Crestwood Parkway, Suite 550, Duluth, GA 30096
H. Earle Garvin, (678) 924-8844, earlegarvin@pfs401k.com
pfs401k.comBUSINESS PROFILEYear established:
1982National or local TPA:
LocalAre you a producing TPA or a 'non-producing TPA'?
EitherDC recordkeeping platform:
Yes (use our own platform only with some clients; use partner platforms for other clients)NUMBER OF PERSONNEL SERVING RETIREMENT PLANSSenior management:
4Other managers/administrators:
14Actuaries:
1Sales staff:
2Support staff:
2RETIREMENT PLAN PROFILERetirement plan assets under administration:
1,600,000,000Total number of retirement plans under administration:
869Total number of retirement plan participants under administration:
45,000NUMBER OF PLANS BY TYPE401(k):
699403(b):
24457:
3Nonqualified Deferred Compensation:
2Other DC:
123Defined Benefit/Cash Balance/Hybrid:
18FEE STRUCTURESFixed fee:
Fixed fee dependent on services chosenPer participant fee:
YesBasis points on assets:
YesOther:
Other (please specify)per transaction fees, hourly ratesFees offset by revenue sharing agreements?
It depends (please specify conditions below): Revenue sharing payments are used to offset over stated amountState(s) where offices are located:
Georgia (GA)PLAN ASSET SIZES SERVED<$1 million:
Yes$1 million - $5 million:
Yes>$5 million - $10 million:
Yes>$10 million - $25 million:
Yes>$25 million - $50 million:
Yes>$50 million - $100 million:
Yes>$100 million - $200 million:
No>$200 million - $500 million:
No>$500 million - $1 billion:
No>$1 billion:
NoRECORDKEEPING RELATIONSHIPSNumber of recordkeepers with DC selling agreements:
10Number of recordkeepers with DC assets:
9Number of recordkeepers where new plans placed:
9FIDUCIARY SERVICESPlan level 3(16) services:
YesPlan level 3(38) services:
NoParticipant level fiduciary services:
NoPRODUCTS/SERVICES OFFERED TO ADVISERS AND/OR PLANSCompliance support:
YesPlan benchmarking:
YesTarget-date evaluation tools:
YesInvestment committee meetings:
YesDesign/amend DC plan documents:
YesDesign/amend DB plan documents:
NoRecordkeeper transitions:
YesPrepare benefit statements:
YesProcess plan distributions:
YesPrepare loan paperwork:
YesNon-discrimination testing:
YesAllocation of contributions/forfeitures:
YesCalculate participant vesting %:
YesActuarial calculations & support:
YesForm 5500 preparation:
YesForm 5500 signing:
YesPlan audit support:
YesQDRO review:
YesSmall rollover IRA processing:
YesProvide fiduciary education:
YesAnnual 408(b)(2) assessment of fees:
NoInvestment selection services:
NoInvestment monitoring:
NoPRODUCTS/SERVICES OFFERED TO PLAN PARTICIPANTSEnrollment meetings (at time of hire):
YesRe-Enrollment meetings (after hire):
YesOne-on-one meetings with participants:
NoRollover assistance (into plan):
YesDistribution assistance (upon separation):
YesRetirement income planning:
NoFinancial/debt counseling:
NoEstate/tax planning:
NoAuthorize participant requests:
YesPrepare/deliver required participant notices:
Yes
