Plan Reporting

With the help of the plan's selected administration and record keeping firms, Ancora 401(k) plans take the worry out of plan reporting requirements. We will ensure that all Department of Labor compliance requirements are met and that all IRS filings are done in a timely fashion. These filings and requirements include but are not limited to:

  • Eligibility Determination

  • ADP/ACP Testing

  • IRC Section 415 Limit Review

  • Excess Deferral Review

  • Vesting Calculations

  • Annual Vesting Statements

  • Annual IRS Form 5500 Filing

  • Annual top heavy plan testing

  • Depart of Labor fee disclosure requirements

The benefit to you of our hands on approach to meeting all plan reporting requirements is that you can spend less time worrying about your filing requirements and more time running your business which is the most profitable use of your time. While no 401(k) is completely hands off, Ancora will work hard to ensure that your 401(k) plan is as efficient from a time an internal resources standpoint as is possible.


For more information on Ancora's 401(k) solutions, please contact Peter Mooney, President, Retirement Plan Services, peter@ancora.net, 216-593-5095 or Bill Koenig, Director, Retirement Plan Services, bill@ancora.net, 216-593-5093.


About Ancora Retirement Plan Services

Founded in 2001, Source Companies, LLC became an Ancora subsidiary in 2008 in order to capitalize on the opportunities in the rapidly expanding 401(k) marketplace and has been rebranded Ancora Retirement Plan Services. Through Ancora's increased distribution capabilities, Ancora Retirement Plan Services has been able to leverage its deep retirement plan experience to become a fast growing retirement plan services company focused on open architecture 401(k) plans. Staffed with in-house sales, service and plan design specialists, Ancora Retirement Plan Services is uniquely positioned to offer a superior 401(k) experience to its clients. 

Ancora's Retirement Plan Services division provides retirement planning services and solutions through its subsidiary Safeguard Securities, Inc. Safeguard Securities, Inc. is dual registrant broker dealer, member FINRA/SIPC, and an SEC Registered Investment Advisor. A more detailed description of the company, its management and practices can be found by clicking here for its Firm Brochure, Form ADV Part 2A.