top of page
Administration Services
Defined Benefit Plans
A defined benefit plan is an employer-sponsored retirement plan (pension plan) that guarantees the member a definitive payment upon retirement. The benefit each members accrues through
Plan participation is determined by an actuarial calculation. This can include salary history, benefit factor and length of service in its calculation.
​
HYN Consulting has a team of professionals that are skilled at managing the complexities of these plans. We know you want your Plan Administrator to be efficient and productive. Ensuring its compliance and effectiveness is our top priority.
Our Services
Calculate employee eligibility and manage plan entry and departure
Calculate employee eligibility and manage plan entry and departure
Determining eligibility to receive benefit accrual
Determining eligibility to receive benefit accrual
Organize and oversee member disability cases
Organize and oversee member disability cases
Document employee contributions and plan earnings
Document employee contributions and plan earnings
Maintain participant vested-percentage records
Maintain participant vested-percentage records
Coordinate individual benefit statements
Coordinate individual benefit statements
Record distribution processing of benefit calculation amount for members and beneficiaries
Record distribution processing of benefit calculation amount for members and beneficiaries
Distribute customized participant statements
Distribute customized participant statements
bottom of page