News & Information

2021 Plan Limits Released
The IRS has released 2021 Plan Limits.

401(k) Deferrals - $19,500
401(k) Catchup -  $6,500
Annual Additions - $58,000

Click here for a full description of all 2021 limits.

Important Dates for 12/31 Plans

March 15 - Deadline for refunding excess deferrals and match without excise tax

April 15 - 402(g) refunds to avoid 100% penalty

July 31 - 5500 form filing

September 15 - Minimum defined benefit funding

October 15 - Form 5500 Filing Deadline with extension

Additional Information

Plan Administration Responsibilities

Our Role in ERISA Section 3(16)

Client Service Commitment

Credentials and Professional Involvement

 

Since 1981, Malcolm Thompson & Associates (MTA) has provided professional Third Party Administrator consulting and support to our clients. During these complex times, it is essential to depend on a trusted and well-respected organization to conduct the administration and compliance of your retirement plan. MTA's clients rely on the expertise and reality-based perspective of our staff of credentialed Account Executives who have an average of 25 years of industry experience. Our services will ensure up to date compliance with all required IRS and Department of Labor rules and regulations.

Highly qualified and experienced consultants - We are well respected for providing guidance and consulting to our clients regarding applications of ERISA law and regulations to specific situations.

Credentialed and experienced (over 25 year average) account executives - Our Account Executives are directly responsible to our clients and handle issues such as complex plan design and mergers/acquisitions in addition to meeting with clients and responding to a wide range of questions. We place communication skills on an equal par with technical knowledge.

Personal signed commitment - We sign a statement of our commitment to excellence in client service and accountability.

Client survey results - Over the years we have received very favorable responses to independent surveys which rate the quality of client service.

Quality control - Our review procedures give assurance of accuracy of reporting.

Team performance - We recognize the importance of operating as a team with the employer, financial advisor, investment provider / record keeper, auditor, company CPA, and attorney.

Technology strength - We have up to date computer equipment and systems, well organized and uniform structure of data bases, and daily off site back up.